Q2 2026 ICICI Prudential Life Insurance Company Ltd Earnings Call Transcript

Oct 14, 2025 / 10:00 AM GMT

Release Date Price: ₹597.3 (+0.63%)

Transcript

Key Points

Positve

Total premium grew by 9.2% year on year to 212.51 billion.
Retail protection annual premium equivalent (AP) grew by 10.8% year on year.
The company's claim settlement ratio is strong at 99.3% with an average turnaround time of 1.1 days for non-investigated individual death claims.
Cost to premiums for H12026 reduced by 280 basis points to 19.2%, indicating improved cost efficiency.
The embedded value grew by 9.7% year on year, standing at 505.01 billion as of September 30, 2025.

Negative

Annual premium equivalent (AP) for H12026 declined by 4.1% year on year.
Linked business declined by 8.6% in Q2 and 10.7% year on year in H1.
Annuity business declined by 46.8% in Q2 and 50.1% year on year in H1.
Proprietary channels, including agency and direct, declined by 18% year on year in both Q2 and H1.
The company faces challenges from the recent GST changes, which may impact profitability due to the disallowance of input tax credit on individual business.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ICIR.NS - ICICI Prudential Life Insurance Company Ltd
Q2 2026 ICICI Prudential Life Insurance Company Ltd Earnings Call
Oct 14, 2025 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen.

Good day and welcome to the ICICI Prudential Life Insurance Company Limited, H1FY26 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing and then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Anu Bakchi, MD and CEO of ICICIdential Life Insurance Company Limited.

Thank you and over to you, sir.

----------------------

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