ICICI Prudential Life Insurance Company Limited Q2 FY26 earnings call summary

Earnings call of 14 Oct 2025, summarised by AI from the filing.

ICICI Prudential Life reports H1 FY2026 PAT of ₹6.01 billion, up 26% year-on-year, and expects GST reforms to drive growth despite a 1% EV impact.

Key takeaways

1. PAT growth PAT grew 26% year-on-year to ₹6.01 billion in H1 FY2026, driven by higher investment income from Shareholder funds.
2. Growth outlook Management expects decent growth in H2 FY2026 on a benign base and GST-driven demand.
3. GST impact GST input tax credit disallowance estimated at about 1% impact on Embedded Value; mitigation levers being negotiated.
4. Product mix Non-par and protection mix increased, with par to non-par now broadly 50:50.
5. Margin risk GST input tax credit disallowance impacts new business profitability; short-term bump up in cost ratios expected.

Original filing on BSE

ICICI Prudential Life Insurance Company Limited earnings call, investor presentation and press release summaries

• Q1 FY27: Earnings call (15 Jul 2026), Results deck (15 Jul 2026)
• Q4 FY26: Earnings call (14 Apr 2026), Results deck (14 Apr 2026)
• Q3 FY26: Earnings call (13 Jan 2026), Results deck (13 Jan 2026), Results deck (9 Mar 2026)
• Q2 FY26: Earnings call (14 Oct 2025), Results deck (14 Oct 2025), Results deck (8 Dec 2025)
• Q1 FY26: Earnings call (15 Jul 2025), Results deck (15 Jul 2025), Results deck (8 Aug 2025)
• Q4 FY25: Earnings call (15 Apr 2025), Results deck (15 Apr 2025), Results deck (13 May 2025), Results deck (9 Jun 2025), Results deck (10 Jul 2025)
• Other events: Investor presentation (8 Jul 2026), Investor presentation (9 Jun 2026), Investor presentation (8 May 2026), Investor presentation (9 Feb 2026), Investor presentation (10 Jan 2026)