ICICI Prudential Life Insurance Reports 14.6% APE Growth in Q1 FY27

ICICI Prudential Life Insurance Company Limited reported robust top-line growth for the quarter ended June 30, 2027, driven by significant expansion in new business acquisitions and strong distribution momentum. The insurer's New Business Premium (NB Premium) rose 21.3% year-on-year to ₹48.66 billion in Q1 FY27, while Annualised Premium Equivalent (APE) grew 14.6% YoY to ₹21.36 billion, reflecting strong market penetration and product mix optimization. For the month of July, APE recorded a 15% increase, extending the growth momentum into the four-month period, with 4M-FY27 NB Premium rising 21.1% YoY to ₹71.67 billion.

The filing was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Priya Nair, Company Secretary, and hosted on the company's website alongside copies sent to BSE Limited and National Stock Exchange of India Limited.

Premium Growth Metrics

The following table presents a comprehensive view of key performance indicators across FY26, Q1 FY27, July, and the four-month period of FY27:

Metric:	FY2026	Q1-FY2027	July 2026	4M-FY2027
RWRP	₹82.06 billion	₹15.38 billion	₹7.12 billion	₹22.50 billion
RWRP Y-o-Y Growth	(1.2%)	13.4%	8.9%	11.9%
APE	₹106.41 billion	₹21.36 billion	₹9.49 billion	₹30.85 billion
APE Y-o-Y Growth	2.2%	14.6%	14.5%	14.6%
Retail APE	₹86.92 billion	₹16.46 billion	₹7.58 billion	₹24.04 billion
Retail APE Y-o-Y Growth	(0.1%)	8.9%	12.0%	9.8%
NB Premium	₹248.10 billion	₹48.66 billion	₹23.01 billion	₹71.67 billion
NB Premium Y-o-Y Growth	9.9%	21.3%	20.7%	21.1%
NB Sum Assured	₹14,502.24 billion	₹4,896.65 billion	₹1,307.91 billion	₹6,204.56 billion
NB Sum Assured Y-o-Y Growth	21.4%	31.8%	20.5%	29.3%

What the Numbers Show

The divergence between Recurring Written Regular Premium (RWRP) growth and NB Premium expansion highlights a strategic shift in revenue composition. While RWRP grew 13.4% YoY in Q1 FY27, NB Premium surged 21.3%, indicating that fresh customer acquisition is outpacing existing policy renewals in driving immediate top-line momentum. Furthermore, the 31.8% YoY growth in NB Sum Assured in Q1 FY27 — and 29.3% over the four-month period — suggests an increase in average ticket size or a shift toward higher-value protection products, enhancing long-term value creation potential.

Retail-focused metrics also demonstrated resilience, with Retail APE growing 8.9% YoY to ₹16.46 billion in the quarter and accelerating to 12.0% growth in July. Although the quarterly retail growth rate lagged behind overall APE expansion of 14.6%, it reversed the near-flat trend seen in FY26, where Retail APE declined marginally by 0.1%. The consistent double-digit growth across all key metrics through the four-month period of FY27 signals improved distribution channel efficiency and stronger consumer demand for life insurance products.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.71%	-1.41%	+3.77%	-22.71%	-18.73%	-22.67%

ICICI Prudential Life Insurance will participate in the Motilal Oswal 22nd Annual Global Investor Conference on August 17, 2026. The event provides investors and analysts with an opportunity to engage with management regarding the company’s strategic outlook and operational performance. This disclosure ensures transparency for shareholders while maintaining regulatory compliance regarding information dissemination.

The meeting is scheduled for 2:00 p.m. IST and will be held in person in Mumbai. The event is organized by Motilal Oswal Financial Services Ltd., a key participant in India’s financial services sector. ICICI Prudential Life Insurance notified both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) of the engagement as part of its ongoing investor relations activities.

Regulatory Compliance

The announcement was made under Regulation 30 and Regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations mandate timely disclosure of material events and schedules for meetings with investors or analysts to prevent information asymmetry in the market.

Priya Nair, Company Secretary of ICICI Prudential Life Insurance, signed the intimation filed with the exchanges on August 6, 2026. The filing confirms that the schedule is subject to change due to exigencies on the part of either the investor group or the company.

Meeting Details

Sr. no.	Name of the Event	Type of Meeting	Location	Date of Meeting	Time of the meeting	Mode of meeting
1	Motilal Oswal 22nd Annual Global Investor Conference, 2026	Investor Group	Mumbai	August 17, 2026	2:00 p.m. IST	In person

The company explicitly stated that no unpublished price-sensitive information (UPSI) will be shared during the meeting. This assurance aligns with insider trading prevention norms enforced by the Securities and Exchange Board of India (SEBI). Participants are expected to rely only on publicly available data and disclosures made during the session.

What This Means for Investors

While the meeting itself does not disclose new financial figures, such conferences often serve as platforms for management to outline long-term growth strategies, discuss market trends in the life insurance sector, and address analyst queries. The in-person format allows for direct interaction, which can provide clarity on operational challenges or expansion plans that may not be fully captured in quarterly filings. Investors should monitor the company’s website and exchange filings for any subsequent updates or changes to the schedule.