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Insurance Sector Sees Growth in Q1 FY26: ICICI Lombard, ICICI Prudential, HDFC Life
ByAinvest
Tuesday, Jul 15, 2025 12:00 pm ET1min read
ICICI Lombard Life Insurance's PAT increased 28.7% to ₹747 crore, ICICI Prudential Life insurance's PAT grew 34.2% to ₹302 crore, and HDFC Life's PAT rose 14% to ₹546 crore in Q1 of FY26. ICICI Lombard's GDPI increased 0.6% to ₹7,735 crore, while HDFC Life's total annualised premiums rose 12.5% to ₹2,780 crore in the quarter ended June 2025.
July 02, 2025 - Three major Indian insurance companies, ICICI Lombard, ICICI Prudential, and HDFC Life, reported robust financial performances for the first quarter (Q1) of the fiscal year 2026 (FY26). The quarter saw significant growth in profit after tax (PAT) and gross written premiums (GWP), reflecting the resilience and growth potential of the Indian insurance sector.ICICI Lombard General Insurance
ICICI Lombard reported a 29% increase in PAT to ₹747 crore, a significant improvement over the ₹580 crore recorded in the same period last year. The company also saw a 12.5% rise in total income, reaching ₹6,083 crore. This growth was driven by a 12.5% increase in gross written premiums (GWP) to ₹8,053 crore. The shares of ICICI Lombard closed at ₹2,001.05, down 0.97% from the previous close [1].
ICICI Prudential Life Insurance
ICICI Prudential Life Insurance Co. reported a 34% increase in PAT to ₹301 crore, up from ₹224 crore in the same period last year. The company's net premium income climbed 8% to ₹8,503 crore, reflecting a strong demand for insurance products. The company's shares rose 2.2% to ₹687 on the NSE [2].
HDFC Life Insurance
HDFC Life Insurance reported a 14% increase in PAT to ₹546 crore, driven by a 12.5% year-on-year growth in individual annualized premium equivalent (APE) to ₹2,780 crore. The company's net premium income rose 16% to ₹14,466.09 crore, with single premiums and renewal premiums both contributing significantly to this growth. HDFC Life's shares closed at ₹755, down 0.97% from the previous close [3].
These strong financial performances highlight the growing demand for insurance products in India and the ability of these companies to adapt to market conditions. The resilience of these companies, particularly in the face of regulatory changes and competitive pressures, is a testament to their strategic positioning and operational efficiency.
References
- [1] https://www.business-standard.com/companies/quarterly-results/icici-lombard-q1-results-profit-jumps-29-to-747-cr-sees-income-rise-125071501242_1.html
- [2] https://www.ndtvprofit.com/quarterly-earnings/icici-prudential-life-insurance-q1-results-profit-rises-34-to-rs-301-crore
- [3] https://www.etnownews.com/markets/hdfc-life-insurance-company-q1-results-financial-year-2026-profit-after-tax-aum-article-152283324
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