Indian life insurers ICICI Prudential and HDFC Life post Q1 profit gains

ICICI Prudential Life Insurance reported a 28% increase in first‑quarter profit, posting a profit after tax of Rs 386 crore for the period ended 30 June 2026. The rise was driven by strong premium growth, with annualised premium equivalent sales up 14.6% to Rs 2,136 crore. The company’s shares jumped 5.41% to Rs 531.50, and its market capitalisation rose to about Rs 76,210 crore. Its solvency ratio improved to 225.4%, well above the regulatory minimum.

HDFC Life Insurance also posted a profit increase, with net profit rising 12% year‑on‑year to Rs 611 crore for the quarter ended 30 June 2026. Net premium income grew to Rs 16,548 crore, and assets under management expanded by 13% to surpass Rs 4 lakh crore. The value of new business rose 9% to Rs 879 crore. HDFC Life’s shares closed up 2.15% at Rs 567 on the BSE.