ICICI Prudential Life Insurance Company Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹3,299Cr
- −79% YoY
- −85.6% QoQ
- Net profit
- ₹609Cr
- +57.8% YoY
- +56.2% QoQ
- Margin
- −19%
- −21.7 pp YoY
- −22.3 pp QoQ
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The short version
Retail business growth in the last 2-3 years has been moderate, with a 2-year CAGR around 7-8%, slightly behind the market's 10-11% growth. The company targets sustainable growth in Value of New Business (VNB), with focus on absolute VNB rather than just APE growth.
From ICICI Prudential Life Insurance Company Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Retail business growth in the last 2-3 years has been moderate, with a 2-year CAGR around 7-8%, slightly behind the market's 10-11% growth.
- The company aims to improve growth granularly by targeting specific customer segments and optimizing product mix and distribution channels.
- Focus remains on absolute VNB (Value of New Business) growth rather than just APE (Annual Premium Equivalent).
- Growth levers include data-driven micro-market branch expansions, leveraging technology, analytics, and AI/ML tools for targeted demand generation and efficiency.
- Agency channel growth has been tepid; efforts are underway to revive it through continuous distributor engagement and granular segment targeting.
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Profitability & Margins
The company targets sustainable growth in Value of New Business (VNB), with focus on absolute VNB rather…
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Capital Expenditure Plans
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
The company emphasizes strong solvency ratio of 227.3%, suggesting a healthy capital position.
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Order Book & Pipeline
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ICICI Prudential Life Insurance Company Ltd — Quarterly revenue & net profit
ICICI Prudential Life Insurance Company Ltd Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 3,299 | 15,687 | -79% | 22,833 | -85.6% |
| Operating profit (EBITDA) | -639 | 424 | -250.7% | 755 | -184.6% |
| Operating margin | -19% | 2.7% | -21.7 pp | 3.3% | -22.3 pp |
| Profit before tax | 266 | 599 | -55.6% | 502 | -47% |
| Net profit (PAT) | 609 | 386 | +57.8% | 390 | +56.2% |
| EPS (₹) | 4.20 | 2.67 | +57.3% | 2.70 | +55.6% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹12.0K Cr, net profit ₹374 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What ICICI Life Insurance's management said in earlier quarters
Potential multibaggers · Q2 FY27
Potential multibaggers in Insurance
on management's own guidance
- Max FinancialModerate growth2
- Niva Bupa HealthGood growth1
- HDFC Life Insurance CompanyModerate growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were ICICI Prudential Life Insurance Company Ltd Q4 FY26 results?
Retail business growth in the last 2-3 years has been moderate, with a 2-year CAGR around 7-8%, slightly behind the market's 10-11% growth. The company targets sustainable growth in Value of New Business (VNB), with focus on absolute VNB rather than just APE growth.
What is ICICI Prudential Life Insurance Company Ltd share price analysis?
ICICI Prudential Life Insurance Company Ltd currently shows a neutral. The stock trades at a P/E of 44.4 with a market cap of ₹71,400 Cr. Investors should review the full earnings analysis for detailed insights.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.