Q1 2027 ICICI Prudential Life Insurance Company Ltd Earnings Call Transcript
Key Points
- ICICI Prudential Life Insurance Co Ltd (BOM:540133) reported a strong growth in Value of New Business (VNB) by 24.9% year on year, reaching INR 5 billion for the quarter.
- The company's solvency ratio remains robust at 225.4%, significantly above the regulatory requirement of 150%, indicating strong financial health.
- Retail protection segment grew by 60.4% year on year, driven by GST exemption on protection products and company-led initiatives.
- The claim settlement ratio is high at 99.3% with an average turnaround time of 1 day, showcasing the company's commitment to customer service.
- Persistency ratio remains healthy at 84% for the 13th month, reflecting strong customer retention.
- Macroeconomic conditions remain volatile due to geopolitical uncertainties and inflationary concerns, impacting market stability.
- The savings business mix moderated from 78.1% to 72.1% year on year, indicating a shift away from savings products.
- Non-participating products have not performed well due to competition from alternative investment products offering fixed returns.
- The cost to premium ratio increased to 21.8% from 21.2% last year, primarily due to the unavailability of input tax credit.
- The partnership distribution channel, while growing, is perceived as commission-intensive, which could impact overall profitability.
Ladies and gentlemen.
Good day and welcome to the ICICI Prudential Life Insurance Company Limited Q1F 2027 earnings conference call.
As a reminder, all participant lines will be in the listen-only mode.
And there will be an opportunity to ask questions after the presentation concludes.
Should you need assistance during the conference call.
Please signal an operator by pressing and then 0 on your touchstone phone.
Please note that this conference is being recorded.
Send the conference over to Mr.
Arno Bakchi.
MD and CEO of ICICI Prudential Life Insurance Company Limited.
Thank you, and over to you, sir.
Hi, good afternoon and welcome to Prudential Life Insurance Company for the June 30th, 2026.
Senior colleagues with me on this call, as an officer didn't worry.
Manish
Chief Investment Officer sovik appointed
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