ICICI Prudential Life Insurance net profit up 8.7% in Q1 FY25 at Rs 225 crore

The company also saw its value of new business (VNB) grow by 8% year-on-year during the quarter. The total annualized premium equivalent (APE) surged by 34.4% to Rs. 1,963 crore, up from Rs. 1,461 crore in the corresponding quarter of the previous year.