ICICI Prudential Life Q3: VNB Jumps 19%, Margins Expand to 24.4%

• ICICI Prudential Life Insurance shares rose 2% after strong Q3 results.
• Value of new business (VNB) increased 19% year-on-year to ₹615 crore in Q3.
• VNB margins expanded significantly to 24.4% from 21.2% in the previous year.
• Total annualised premium equivalent (APE) grew 4% to ₹2,525 crore.
• Shares are currently trading 1.5% higher at ₹690.60, up 3% year-to-date.

Why It Matters: ICICI Prudential Life reported robust Q3 growth with a 19% VNB jump and improved margins.