ICICI Prudential Life Insurance reported a remarkable 58% year-on-year increase in net profit, reaching ₹609 crore in the January-March quarter of FY26 (Q4 FY26), up from ₹386.3 crore in Q4 FY25. This growth was driven by a 17.17% rise in net premium income, totaling ₹19,180 crore. The Annualised Premium Equivalent (APE) also saw a 9.37% increase to ₹3,830 crore. For the entire fiscal year FY26, net profit rose 34.6% to ₹1,600 crore, aided by higher investment income and a gain of ₹114 crore from the sale of ICICI Pension Fund Management. Excluding this transaction, net profit still grew by 25%. Anup Bagchi, MD & CEO, attributed the positive results to the GST reform introduced in September 2025, which made insurance policies more affordable. The retail protection segment experienced a robust 50.9% growth in H2 FY26, with the new business sum assured reaching ₹4.5 lakh crore. The Value of New Business (VNB) increased to ₹965 crore, with a margin of 25.20%. Despite an overall expense rise of 29.71% to ₹3,214 crore, the company maintained a strong solvency ratio of 227.30%. The board has recommended a final dividend of ₹1.65 per equity share, subject to shareholder approval.