15 Oct 2025 | 3 Mins Read
ICICI Securities recommends buying ICICI Prudential Life Insurance
Flipitmoney
ICICI Prudential Life Insurance Company Q2FY26 results show APE/VNB growth of 3.3%/1%. Margins increased to 24.5% (104bps YoY). VNB slipped 0.9% YoY in H1 FY26 but increased 1% YoY in Q2FY26. EV grew 10% YoY in H1FY26, including 1% GST impact. Maintain BUY with a revised TP of INR 720, basis 1.7x FY27E EV.