ICICI Prudential Life Q3 Net Profit Jumps 20%; Stock Soars on Improved VNB Margin

• ICICI Prudential Life Insurance reported a 19.6% year-on-year increase in Q3 FY26 net profit to Rs 390 crore.
• The company's Value of New Business (VNB) margin expanded to 24.4% from 22.8% a year ago, driven by a better product mix and cost discipline.
• Retail protection annualised premium equivalent (APE) surged 40.8%, and retail new business sum assured rose 51.6% to Rs 1.24 lakh crore.
• Assets under management grew 6.5% to Rs 3.31 lakh crore, and net worth increased 15.7% to Rs 13,470 crore.
• The stock jumped over 2% to Rs 698.3 on NSE following the strong earnings report.

Why It Matters: ICICI Prudential Life's Q3 profit surged 20% with improved VNB margins, boosting its stock.