ICICI Prudential Life Q3 Profit Jumps 19%, VNB Margin Hits 24.4%

• ICICI Prudential Life Insurance reported a 19% year-on-year increase in net consolidated profit to Rs 387.15 crore in Q3 FY25.
• Net premium income saw a slight decline of 3.6% to Rs 11809.26 crore.
• Value of New Business (VNB) grew by 19% to Rs 615 crore, with VNB margins improving to 24.4% from 21.2%.
• Retail protection Annualized Premium Equivalent (APE) surged by 40.8%, and total APE increased by 3.6% to Rs 2,525 crore.
• Assets Under Management (AUM) rose by 6.5% to Rs 3.31 lakh crore, and net worth grew by 15.7% to Rs 13,470 crore.

Why It Matters: ICICI Prudential Life Insurance posted strong Q3 FY25 results with significant profit and VNB margin growth.