ICICI Prudential Life Insurance reported an 18% year-on-year increase in net profit for Q2 FY26 at ₹296 crore, up from ₹251 crore in the same period last year.

The company’s gross premium income grew 19% to ₹13,320 crore from ₹11,175.2 crore in Q2 FY25.

However, Annualised Premium Equivalent (APE) declined slightly by 2% to ₹2,450 crore versus ₹2,500 crore a year ago. Value of New Business (VNB) rose 1% to ₹592 crore, compared with ₹586 crore a year ago, while VNB margin improved to 24.4% from 23.4% YoY.

Following the results, ICICI Prudential Life Insurance shares gained 3% to ₹610.65 on the BSE, against the previous close of ₹593.55, with the company’s market capitalisation standing at ₹86,792 crore.

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