HDFC Life Q1FY26 Net Up 14%, ICICI Pru Up 34%
The assets under management of the ICICI Prudential stood at Rs 3.2 lakh crore at June 30, 2025 while HDFC Life's AUM grew 15 per cent year on year to Rs 3.56 lakh crore: Reports
MUMBAI: Private insurer ICICI Prudential Life Insurance on Tuesday reported a 34 per cent growth in net profit at Rs 302 crore for the June quarter of 2025-26 fiscal. The private sector insurer had a net profit of Rs 225 crore in the April-June period of FY25.
Another private life insurer HDFC Life Insurance reported a 14.23 percent year-on-year (YoY) increase in net profit to Rs 546 crore for the April–June quarter of FY26 driven by growth in back book profits,
beating analyst expectations. In the corresponding period last year its net profit was Rs 478 crore.
ICICI Prudential Life Insurance's Value of New Business (VNB), which represents the present value of future profits, stood at Rs 457 crore with a VNB margin of 24.5 per cent for Q1-FY2026. The Company reported a total premium growth of 8.1 per cent year-on year in Q1-FY2026 on the back of its extensive distribution and comprehensive product suite.
On the other hand, HDFC Life Insurance's Value of New Business (VNB) climbed 12.7 per cent YoY to Rs 809 crore with improved new business margins of 25.1 per cent.
The assets under management of the ICICI Prudential stood at Rs 3.2 lakh crore at June 30, 2025 while HDFC Life's AUM grew 15 per cent year on year to Rs 3.56 lakh crore.
ICICI Prudential's renewal premium income grew 9.4 percent to Rs 4,942 crore, indicating improved policyholder retention while HDFC Life's grew 19 per cent to Rs 7,603 crore.