ICICI Prudential Life Insurance has reported strong business performance with significant growth across key metrics, demonstrating robust market presence in the life insurance sector.

Financial Performance Highlights

The company's new business premium performance shows substantial growth momentum. The following table presents the key financial metrics:

Business Growth Analysis

The new business premium of ₹19.45 billion represents a notable 25.1% increase compared to the previous year, indicating strong customer acquisition and policy sales performance. This growth reflects the company's ability to expand its market reach and attract new policyholders.

Simultaneously, the new business sum assured reached ₹1,182.00 crore, marking a 10.7% year-on-year increase. This metric demonstrates the total coverage amount for new policies issued during the period, showing sustained demand for life insurance products.

Market Position

The dual growth in both premium collection and sum assured indicates balanced business expansion. While the premium growth of 25.1% outpaced the sum assured growth of 10.7%, both metrics show positive trajectory, suggesting effective business strategy execution and market penetration.

These performance indicators reflect the company's operational efficiency and its ability to maintain competitive positioning in the Indian life insurance market.

ICICI Prudential Life Insurance has delivered robust performance in December, showcasing strong growth across key premium metrics. The life insurance company reported significant year-over-year improvements in both retail and overall premium collections, reflecting healthy business momentum.

December Performance Highlights

The company's December performance demonstrates solid growth across multiple premium categories:

Strong Retail Segment Performance

The retail weighted received premium of ₹7.93 billion represents the standout performance metric, with an impressive 11.5% year-over-year surge. This growth indicates strong customer acquisition and retention in the retail insurance segment, which forms a crucial part of the company's business strategy.

Annualized Premium Equivalent Growth

The total Annualized Premium Equivalent reached ₹9.29 billion, marking a 7.3% increase compared to the same period last year. Meanwhile, the retail APE component contributed ₹7.97 billion to this total, showing a 4.3% year-over-year growth. The APE metric serves as a key indicator of new business performance in the life insurance industry.

Business Momentum Indicators

The December figures reflect the company's ability to maintain growth momentum across different premium categories. The retail segment's outperformance, particularly in weighted received premium, suggests effective distribution strategies and product positioning in the competitive life insurance market.