For Q2 FY27, standalone profit after tax increased 25.1% YoY to Rs 374 crore, compared with Rs 299 crore in Q2 FY26, while it declined 3.1% QoQ from Rs 386 crore in Q1 FY27.

Net premium earned increased 16.5% YoY and 41.6% QoQ to Rs 13,804 crore in Q2 FY27. Total income rose 0.9% YoY but declined 57.7% QoQ to Rs 12,100 crore, reflecting a sharp sequential decline in investment income. Investment income declined from Rs 18,763 crore in Q1 FY27 to a loss of Rs 1,773 crore in Q2 FY27.

Profit before tax increased 25.4% YoY and 0.9% QoQ to Rs 435 crore in Q2 FY27.

Total outgo remained broadly stable at Rs 11,664 crore, compared with Rs 11,646 crore in Q2 FY26, while it declined 58.6% QoQ from Rs 28,206 crore in Q1 FY27. Claims and benefits paid increased 14.6% YoY to Rs 12,924 crore, while the change in actuarial liability stood at a negative Rs 3,991 crore, compared with a negative Rs 2,055 crore in Q2 FY26.

The company continued to focus on protection and annuity products. In H1 FY27, retail protection grew 47.2% YoY and the annuity segment expanded 50%. Retail sum assured rose 34.9% to Rs 2.32 lakh crore.

The claim settlement ratio stood at 99.3% in H1 FY27, with an average turnaround time of 1.1 days for non-investigated claims. The company settled death claims worth Rs 2,627 crore and paid Rs 8,634 crore in maturity and survival benefits during the period.

ICICI Prudential Life Insurance has been renamed ICICI Life Insurance Limited, marking a new phase in its 25-year journey. The company provides life insurance, protection, savings and annuity products.