ICICI Prudential Life Posts Mixed December Growth: Retail Premiums Climb
Overview
ICICI Prudential Life Insurance reported a mixed business update for December. Retail weighted received premiums climbed 11.5% year-on-year, reaching ₹793 crore. New business premiums also surged 25.1% for the month. However, nine-month fiscal year totals showed a slight decline or flat growth in key metrics like APE and NB premiums compared to the previous fiscal year, indicating divergence in performance.
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ICICI Prudential Life Insurance's December Business Update
ICICI Prudential Life Insurance Company Limited has released its performance update for December 2025, revealing a divergence in growth trends. The company's retail weighted received premium (RWRP) recorded a year-on-year increase of 11.5%, reaching ₹793 crore for the month.
New business inflows, measured by Annualised Premium Equivalent (APE), also saw an uptick. APE rose by 7.3% year-on-year in December to ₹929 crore. Retail APE specifically grew by 4.3% for the month, showing resilience in its core customer segments.
December New Business Premiums Surge
The insurer reported a substantial 25.1% year-on-year jump in new business (NB) premiums for December, totaling ₹1,945 crore. This monthly surge was a bright spot, though it followed a sharp decline in November, suggesting some volatility in short-term inflows.
Nine-Month Fiscal Year Trends Moderate
Looking at the longer-term picture, the nine-month fiscal year 2026 (9MFY2026) performance presented a more tempered outlook. The total NB premiums for this period were nearly flat compared to 9MFY2025, standing at ₹15,090 crore. Similarly, while APE for Q3 FY2026 grew 3.6% year-on-year, the nine-month APE figure saw a 1.4% decline from the same period in FY2025. Retail weighted received premium for the nine-month period was down 3.8% year-on-year.
Broader Context
The update indicates a continued focus and growth in retail-oriented business segments for ICICI Prudential Life. However, the mixed performance across different time horizons, particularly the moderation in year-to-date figures, suggests that broader market conditions or internal factors may be influencing overall business momentum. The company has submitted this update to the BSE and NSE as per SEBI regulations.
