Conference Call with ICICI Prudential Life Insurance Company Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Life Insurance company ICICI Prudential Life Insurance announced Q4FY25 & FY25 results Q4FY25 Fianancial Highlights: Net premium earned: Rs 163.69 billion compared to Rs 147.88 billion during Q4FY24. Total income: Rs 157.28 billion compared to Rs 225.87 billion during Q4FY24. PBT: Rs 4.14 billion compared to Rs 2.34 billion during Q4FY24. PAT: Rs 3.86 billion compared to Rs 1.74 billion during Q4FY24. FY25 Fianancial Highlights: VNB grew by 6.4% to Rs 2,370 crore in FY25. Profit after Tax (PAT) registers a growth of 39.6% to Rs 1,189 crore in FY25. The assets under management of the company stood at Rs 3.09 lakh crore as on March 31, 2025. Strong RWRP growth of 15.2% in FY25. Robust growth in retail protection of 25.1% and retail new business sum assured of 37% in FY25. 13th month persistency of 89.1% at FY25. Total in-force sum assured witnessed a growth of 15.6% to Rs 39 lakh crore on March 31, 2025. The total Annualised Premium Equivalent (APE) grew by 15% YoY to Rs 10,407 crore in FY25. In FY25, APE contribution from agency, direct, bancassurance, partnership distribution, and group channels stood at 28.9%, 14.4%, 29.4%, 10.9% and 16.4% respectively. Final dividend of Rs 0.85 per share declared. Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance, said: “We are pleased to announce that we have crossed 10,000 crore APE for the first time, marking a significant milestone in our growth journey. Notably, we have also provided insurance coverage to over 9 crore lives as on March 31, 2025. Our Retail Weighted Received Premium (RWRP) growth of 15.2% in FY25, demonstrates our ability to deliver superior performance in a competitive landscape. This has resulted in a robust year-on-year growth of 39.6% in Profit After Tax to 1,189 crore for FY25. Our FY25 Value of New Business stood at 2,370 crore with a margin of 22.8%. Our nimble multi-channel distribution allows us to adapt swiftly to the shifting macroeconomic conditions and launch products as per the customer demands. The same was demonstrated with the addition of ‘ICICI Pru Gift Select’, a non-par product with guaranteed income in January 2025 given the growing trend towards wealth preservation. Our retail protection and annuity APE registered a strong 2-year CAGR of 30% plus, reflecting our focus on these segments. Our 13th month persistency ratio of 89.1% at FY25, underscores the customers’ trust in the Company. It is also evident by our Company topping the Net Promoter Score (NPS) across insurers for the third year in a row, as revealed in the Hansa Research’s latest Life Insurance CuES 2025 report. We have an industry leading claim settlement ratio of 99.3% in FY25, with an average turnaround time of 1.2 days for non-investigated individual death claims. In line with our commitment to delivering value to our shareholders, our Embedded Value (EV) and AUM both have grown at a five-year CAGR of above 15% in FY25, echoing the robustness of our financial foundation and long-term value creation capabilities. Moving forward, we remain committed to enhancing customer experience through innovative product propositions, seamless onboarding, best-in-class servicing and claims settlement. Our resilient balance sheet and strong solvency position provide the stability and foundation to support sustainable growth in the years ahead.” Result PDF