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ICICI Prudential Life Insurance Co. Ltd. (ICICIPRULI) AI Stock Analysis
ICICI Prudential Life Insurance Co. Ltd.
(NSE:ICICIPRULI)
Overall score reflects a solid balance sheet and improving profitability, supported by a strong and confident earnings narrative (VNB, premiums, margins, and solvency). This is tempered by materially negative recent operating/free cash flows, a weak technical trend (below key moving averages with negative MACD), and a relatively high P/E paired with a low dividend yield.
ICICI Prudential Life Insurance Co. Ltd. (ICICIPRULI) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 592.06B
- Dividend Yield
- 0.40%
- Average Volume (3M)
- 245.20K
- Price to Earnings (P/E)
- 33.3
- Beta (1Y)
- 1.13
- Revenue Growth
- -8.37%
- EPS Growth
- 35.27%
- Country
- India
- Employees
- 18,963
- Sector
- General
- Sector Strength
- 55
- Industry
- Insurance - Life
ICICI Prudential Life Insurance Co. Ltd. Business Overview & Revenue Model
Company Description
ICICI Prudential Life Insurance Company Limited provides life insurance, annuity, pension, and health insurance products to individuals and groups in India. The company offers term, savings, unit linked, guaranteed return, child education, and retire...
How the Company Makes Money
ICICI Prudential Life Insurance primarily makes money by underwriting life insurance and managing long-duration savings/retirement products, earning income from: (1) Premiums and underwriting margins: Policyholders pay premiums (single or recurring)....
ICICI Prudential Life Insurance Co. Ltd. Earnings Call Summary
The call was predominantly positive. The company reported strong growth in VNB, premiums, protection, group business, profit, embedded value, and operating efficiency, alongside strong solvency, claims, and distribution metrics. The main challenges were market volatility, softness in linked savings, a decline in non-linked savings for the half year, moderate bancassurance and agency growth, persistency pressure at 25 months, GST-related comparability issues, and uncertainty around proposed distribution and Credit Life regulations. Management remained confident in the company's capital position, efficiency improvements, diversified distribution, and unchanged strategy.
Q2-2027 Updates
Positive Updates
Negative Updates
Company Guidance
Management said its strategy remains unchanged: delivering sustainable VNB growth while balancing business growth, profitability, risk and prudence, with protection and annuity central to the strategy for the next couple of quarters. It does not provide guidance, but expects retail protection growth in H2 of this year to taper down from the 40%-50% seen to more moderate levels, while working from these levels upwards; agency will seek to deliver sustainable growth and better growth than company over the medium term, but is not putting a number. Management also said that if rates stay high for longer, non-par and annuity can become a larger proportion of the business, without imposing any percentages to the mix, and that the business will offer whatever product the customer chooses depending upon the environment.
ICICI Prudential Life Insurance Co. Ltd. Financial Statement Overview
Summary
Fundamentals are mixed. Profitability improved with net income rising to 16.1B by FY2026 and margins expanding to ~2.5%, and the balance sheet appears conservative with low leverage (debt-to-equity ~0.19) and steadily growing equity. The main drag is cash-flow consistency: operating and free cash flow turned materially negative in FY2024–FY2026 (FY2026 OCF about -53.6B; FCF about -54.8B), and revenue has been volatile with a decline in FY2026.
Income Statement
66PositiveBalance Sheet
78PositiveCash Flow
38Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 665.08B | 632.97B | 698.86B | 891.36B | 486.84B | 618.94B |
| Gross Profit | 610.86B | 581.15B | 650.18B | 854.06B | 468.20B | 602.21B |
| EBITDA | 20.67B | 19.57B | 16.11B | 11.56B | 10.97B | 9.76B |
| Net Income | 17.71B | 16.08B | 11.86B | 8.51B | 8.13B | 7.59B |
Balance Sheet | ||||||
| Total Assets | 3.33T | 3.20T | 3.14T | 2.99T | 2.56T | 2.44T |
| Cash, Cash Equivalents and Short-Term Investments | 1.53B | 11.38B | 117.19B | 8.38B | 7.75B | 18.08B |
| Total Debt | 25.95B | 25.95B | 26.00B | 12.00B | 12.00B | 12.00B |
| Total Liabilities | 3.18T | 3.06T | 3.02T | 2.88T | 2.46T | 2.35T |
| Stockholders Equity | 146.33B | 136.31B | 119.34B | 110.05B | 101.28B | 91.58B |
Cash Flow | ||||||
| Free Cash Flow | -1.84B | -54.78B | -96.72B | -75.52B | -1.03B | 16.42B |
| Operating Cash Flow | -1.23B | -53.55B | -94.13B | -73.15B | 894.94M | 18.31B |
| Investing Cash Flow | 8.64B | 75.71B | 68.75B | 74.20B | -11.47B | -8.16B |
| Financing Cash Flow | -962.40M | -1.71B | 14.22B | -878.50M | -1.12B | -3.19B |
ICICI Prudential Life Insurance Co. Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ICICIPRULI, the sentiment is Negative. The current price of 409.00 is below the 20-day moving average (MA) of 437.99, below the 50-day MA of 466.66, and below the 200-day MA of 531.96, indicating a bearish trend. The MACD of -16.20 indicates Positive momentum. The RSI at 25.77 is Positive, neither overbought nor oversold. The STOCH value of 19.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ICICIPRULI.
ICICI Prudential Life Insurance Co. Ltd. Peers Comparison
Overall Rating
IN:HDFCLIFE77Outperform
IN:SBILIFE76Outperform
IN:LICI73Outperform
IN:POLICYBZR58Neutral- IN:ICICIPRULI56Neutral
IN:MFSL44Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:HDFCLIFE | 77Outperform | INR 1.14T | 55.37 | ― | 0.76% | 18.53% | 7.81% |
| IN:SBILIFE | 76Outperform | INR 1.66T | 62.66 | ― | 0.16% | 17.87% | 8.15% |
| IN:LICI | 73Outperform | INR 4.86T | 8.07 | ― | 2.60% | 10.53% | 23.28% |
| IN:POLICYBZR | 58Neutral | INR 462.75B | 61.62 | ― | ― | 37.10% | 73.42% |
| IN:ICICIPRULI | 56Neutral | INR 593.56B | 33.31 | ― | 0.40% | -8.37% | 35.27% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:MFSL | 44Neutral | INR 415.17B | 221.81 | ― | ― | 17.54% | 15.23% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:ICICIPRULI | ICICI Prudential Life Insurance Co. Ltd. | 409.00 | -188.48 | -31.55% | |
| IN:HDFCLIFE | HDFC Life Insurance Co. Ltd. | 523.15 | -210.04 | -28.65% | |
| IN:LICI | Life Insurance Corp. of India | 384.00 | -65.44 | -14.56% | |
| IN:MFSL | Max Financial Services Limited | 1203.00 | -357.30 | -22.90% | |
| IN:POLICYBZR | PB Fintech Limited | 1000.00 | -810.95 | -44.78% | |
| IN:SBILIFE | SBI Life Insurance Co. Ltd. | 1655.95 | -311.57 | -15.84% |
ICICI Prudential Life Insurance Co. Ltd. Corporate Events
IRDAI clears five-year CEO appointment at ICICI Life Insurance
ICICI Life Insurance Limited has received regulatory approval from the Insurance Regulatory and Development Authority of India for the appointment of Sidharatha Mishra as Additional Director and subsequently as Managing Director and CEO. His term is...
ICICI Life Insurance Announces CEO Resignation and Appoints Sidharatha Mishra as Successor
ICICI Life Insurance Limited has announced a leadership transition following a Board meeting held on October 2, 2026, with Managing Director and Chief Executive Officer Anup Bagchi resigning effective October 13, 2026. The Board acknowledged Bagchi&#...
ICICI Life Insurance announces CEO change as Anup Bagchi resigns
ICICI Life Insurance Limited has announced that Managing Director and Chief Executive Officer Anup Bagchi will resign with effect from the close of business on October 13, 2026, ending a three-decade tenure within the ICICI Group during which he help...
ICICI Prudential Life Rebrands as ICICI Life Insurance Limited
ICICI Prudential Life Insurance Company Limited has received approval from the Registrar of Companies to change its corporate name to ICICI Life Insurance Limited, effective September 22, 2026. The fresh certificate of incorporation has been issued,...
ICICI Prudential Life Shareholders Approve Name Change to ICICI Life Insurance
ICICI Prudential Life Insurance Company Limited has received shareholder approval via a postal ballot and remote e-voting process to change its corporate name to ICICI Life Insurance Limited. The resolution was passed with the requisite majority on S...
ICICI Prudential Life Insurance Shareholders Approve Name Change to ICICI Life Insurance
Shareholders of ICICI Prudential Life Insurance Company Limited have approved a special resolution to change the company’s name to ICICI Life Insurance Limited via a postal ballot and remote e-voting process. The approval was granted with the r...
ICICI Prudential Life’s GST Appeal Dismissed; No Material Financial Impact Seen
ICICI Prudential Life Insurance Company Limited has disclosed that its appeal against a goods and services tax demand under the GST Act has been dismissed by the Additional Commissioner in Mumbai Central. The order, received on September 9, 2026, uph...
ICICI Prudential Life to Transfer Unclaimed Dividends and Shares to IEPF
ICICI Prudential Life Insurance has notified shareholders and stock exchanges that it will transfer unpaid or unclaimed dividends and the corresponding equity shares to the Investor Education and Protection Fund Authority in line with Section 124 of...
ICICI Prudential Life Moves to Rebrand as ICICI Life Insurance
ICICI Prudential Life Insurance Company Limited has initiated a postal ballot process to seek shareholder approval for a special resolution to change its corporate name to ICICI Life Insurance Limited. The proposed change, along with consequential am...
ICICI Prudential Life Insurance Seeks Shareholder Nod for Name Change to ICICI Life Insurance
ICICI Prudential Life Insurance Company Limited has initiated a corporate action to seek shareholder approval for changing its name to ICICI Life Insurance Limited. The move is being undertaken through a postal ballot process approved by the board, w...
ICICI Prudential Life Insurance Files Q1 FY2026 Unaudited Results
ICICI Prudential Life Insurance Company Limited operates in the life insurance sector, providing a broad suite of insurance and protection solutions to customers across India and maintaining listings for its equity and debt instruments on leading dom...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 15, 2026