ICICI Prudential Life Insurance reported a 19% year-on-year increase in net profit to Rs 390 crore for the third quarter of FY26. This growth was supported by a significant rise in investment income, despite a 3.7% decline in net premium income. The company saw a 9.9% increase in retail Annualised Premium Equivalent (APE) and a 40.8% surge in retail protection APE, partly attributed to GST reforms. Assets under management grew 6.5% to Rs 3.31 lakh crore.