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ICICI Prudential Life saw a 1.7% net profit drop in Q2 FY26 but posted strong growth in premiums, solvency, and assets.
ICICI Prudential Life Insurance reported a 1.7% decline in net profit for Q2 FY26, earning ₹295.8 crore, though this marks an 18% increase from the same quarter in FY25.
Despite a 2% drop in annualized premium equivalent to ₹2,450 crore, value of new business rose 1% to ₹592 crore, with improved margins and strong growth in retail protection and annuities.
The company saw a 19% rise in gross premium income, driven by retail segment growth, and its solvency ratio improved to 213.2%.
Assets under management reached ₹3.21 lakh crore, and shares rose 3% to ₹610.65 on the BSE.
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ICICI Prudential Life registró una caída del beneficio neto del 1,7% en el segundo trimestre del año fiscal 26, pero registró un fuerte crecimiento en las primas, la solvencia y los activos.