ICICI Prudential Life Insurance Co. Ltd. (ICICIPRULI) AI Stock Analysis

• Market Cap: ₹878.79B
• Dividend Yield: 0.14%
• Average Volume (3M): 30.74K
• Price to Earnings (P/E): 67.2
• Beta (1Y): 1.02
• Revenue Growth: -42.13%
• EPS Growth: 48.75%
• Country: IN
• Employees: 20,318
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 2.03
• Shares Outstanding: 1,446,925,700
• 10 Day Avg. Volume: 26,372
• 30 Day Avg. Volume: 30,742
• PEG Ratio: 1.79
• Price to Book (P/B): 6.93
• Price to Sales (P/S): 1.16
• P/FCF Ratio: -8.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹693.33
• Price Target Upside: 14.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹622.00 ▲(2.41% Upside)

The overall stock score of 55 reflects a mixed financial performance with strong operational efficiency but challenges in revenue growth and cash flow. Technical indicators suggest a neutral trend with weak momentum. The high P/E ratio indicates potential overvaluation, and the low dividend yield offers limited income potential.

ICICI Prudential Life Insurance Co. Ltd. Business Overview & Revenue Model

Company Description

ICICI Prudential Life Insurance Company Limited provides life insurance, pension, and health insurance products to individuals and groups in India. The company also provides term life, health, savings, annuity, and retirement insurance products; and pension fund management services. It distributes its products through individual and corporate agents, banks, and brokers, as well as through its own sales force and website. The company was incorporated in 2000 and is based in Mumbai, India. ICICI Prudential Life Insurance Company Limited operates as a subsidiary of ICICI Bank Limited.

How the Company Makes Money

ICICI Prudential Life Insurance generates revenue primarily through the sale of life insurance policies, which include premium payments made by policyholders. The company earns money from both traditional life insurance products, such as endowment plans and term insurance, as well as unit-linked insurance plans (ULIPs) where premiums are invested in equity and debt markets. Additionally, ICICIPRULI collects investment income from the funds managed on behalf of policyholders. A significant portion of revenue also comes from renewals of existing policies, which contribute to a stable income stream. The company may also engage in partnerships with banks and financial institutions for distribution, enhancing its reach and sales capabilities. Other factors contributing to earnings include fee-based income from managing funds and charges associated with policy administration.

ICICI Prudential Life Insurance Co. Ltd. Financial Statement Overview

Summary

ICICI Prudential Life Insurance shows strong revenue growth and operational efficiency, with robust EBIT and EBITDA margins. However, challenges exist in net income conversion and cash flow generation, as indicated by declining net profit margins and negative free cash flow. The balance sheet is strong with manageable leverage, but improving cash flow and profitability is crucial for long-term growth.

Income Statement

ICICI Prudential Life Insurance has shown strong revenue growth over recent years, highlighted by a significant increase in total revenue from 2023 to 2025, despite a small dip in 2025. The gross profit margin remains consistently at 100% due to the nature of the insurance industry. Net profit margins, however, are relatively low, indicating potential inefficiencies or high costs. EBIT and EBITDA margins are robust, reflecting strong operational performance in core activities.

Balance Sheet

The company's balance sheet reveals a solid equity base with a consistent increase in stockholders' equity, contributing to a moderate equity ratio. The debt-to-equity ratio is manageable, reflecting a conservative leverage stance. Return on equity has room for improvement, suggesting opportunities to enhance profitability or asset utilization in generating shareholder value.

Cash Flow

There is a noticeable decline in operating cash flow, with free cash flow turning negative in recent years. This could be indicative of increasing operational challenges or significant capital expenditures. The company needs to focus on improving cash generation from core operations to ensure sustainable financial health.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	709.80B	710.39B	899.32B	494.23B	622.79B	832.28B
Gross Profit	709.80B	710.39B	899.32B	494.23B	622.79B	832.28B
EBITDA	437.50B	684.51B	859.24B	449.35B	586.92B	805.93B
Net Income	12.62B	11.86B	8.51B	8.13B	7.59B	9.56B
Balance Sheet
Total Assets	3.28T	3.14T	2.99T	2.56T	2.44T	2.17T
Cash, Cash Equivalents and Short-Term Investments	3.45B	125.67B	8.38B	7.71B	18.08B	7.41B
Total Debt	26.00B	26.00B	12.00B	12.00B	12.00B	12.00B
Total Liabilities	3.15T	3.02T	2.88T	2.46T	2.35T	2.08T
Stockholders Equity	125.44B	119.34B	110.05B	101.28B	91.58B	91.09B
Cash Flow
Free Cash Flow	-87.75B	-96.72B	-75.52B	-1.03B	16.42B	72.29B
Operating Cash Flow	-85.44B	-94.13B	-73.15B	894.94M	18.31B	73.14B
Investing Cash Flow	66.01B	68.75B	74.20B	-11.47B	-8.16B	-50.84B
Financing Cash Flow	13.61B	14.22B	-878.50M	-1.12B	-3.19B	12.05B

ICICI Prudential Life Insurance Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 607.35
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ICICIPRULI, the sentiment is Positive. The current price of 607.35 is above the 20-day moving average (MA) of 597.65, above the 50-day MA of 600.81, and above the 200-day MA of 606.70, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 56.38 is Neutral, neither overbought nor oversold. The STOCH value of 47.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ICICIPRULI.

ICICI Prudential Life Insurance Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HDFCLIFE	68 Neutral	₹1.60T	84.48	―	0.28%	-17.31%	11.68%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MFSL	58 Neutral	₹549.61B	202.85	―	―	-3.50%	-28.98%
ICICIPRULI	55 Neutral	₹878.79B	67.19	―	0.14%	-42.13%	48.75%

ICICI Prudential Life Insurance Co. Ltd. Corporate Events

ICICI Prudential Life Announces H1-FY2026 Financial Results

ICICI Prudential Life Insurance Company Limited has announced the publication of its financial results for the quarter and half year ended September 30, 2025. The results were advertised in prominent newspapers, Financial Express and Loksatta, and are accessible via a Quick Response code and a weblink. This move ensures transparency and accessibility for stakeholders, reflecting the company’s commitment to regulatory compliance and effective communication.

ICICI Prudential’s Credit Rating Reaffirmed at ICRA AAA/Stable

ICICI Prudential Life Insurance Company Limited has announced that ICRA Limited has reaffirmed its credit rating at ICRA AAA/Stable for its non-convertible debentures, indicating a stable outlook. This reaffirmation underscores the company’s strong market position, supported by its strategic importance to ICICI Bank and a healthy value of new business growth. Despite a slight decline in profit margins, the company continues to show robust profitability and solvency, with expectations of continued support from ICICI Bank if needed.

ICICI Prudential Completes Dispatch of Postal Ballot Notice

ICICI Prudential Life Insurance Co. Ltd. has announced the completion of dispatching its Postal Ballot Notice to eligible members, as confirmed by a newspaper advertisement. This step is part of the company’s compliance with SEBI regulations, ensuring transparency and communication with stakeholders.

ICICI Prudential Allots Shares Under Employee Schemes

ICICI Prudential Life Insurance Company Limited has announced the allotment of a total of 11,476 equity shares under its employee stock option and stock unit schemes. This move is part of the company’s ongoing efforts to incentivize and retain its employees, potentially enhancing employee satisfaction and aligning their interests with the company’s long-term goals.

ICICI Prudential Welcomes GST Exemption on Life Insurance

ICICI Prudential Life Insurance Company Limited announced that the GST council has exempted individual life insurance policies from GST starting September 22, 2025. This reform is expected to make life insurance more affordable, boost demand, and positively impact the company’s Embedded Value by approximately 1%, benefiting stakeholders and enhancing market penetration.

ICICI Prudential Schedules Investor Meeting for September 2025

ICICI Prudential Life Insurance Company Limited has announced a scheduled meeting with investors and analysts on September 19, 2025, organized by Morgan Stanley India Company Private Limited. The meeting, part of a virtual investor group trip, aims to engage with stakeholders and discuss the company’s financials, with no unpublished price-sensitive information to be disclosed.