IRDAI Approves Sidharatha Mishra as MD & CEO of ICICI Life Insurance Limited

Key numbers

Market Cap	₹64,868.42 CrLife Insurance Sector
Net Profit Qtr	₹374.22 Cr25.05% YoY Growth
P/E TTM	36.87Sector PE 21.67
Day RSI	37.04Neutral Zone

Key highlights

• Sidharatha Mishra appointed as Additional Director and MD & CEO for a five-year term
• Appointment period spans from October 14, 2026, to October 13, 2031
• Regulatory approval from IRDAI received at 6:45 p.m. on October 13, 2026
• Company recently rebranded from ICICI Prudential Life to ICICI Life Insurance Limited
• Total Assets Under Management (AUM) reached ₹3.29 lakh crore as of September 2026

Leadership Transition at ICICI Life Insurance

ICICI Life Insurance Limited has secured formal approval from the Insurance Regulatory and Development Authority of India (IRDAI) for a significant change in its top leadership. Mr. Sidharatha Mishra has been approved to take charge as the Managing Director & CEO for a five-year tenure, beginning October 14, 2026.

This move follows the initial intimation dated October 2, 2026, and marks the completion of the regulatory vetting process for the key executive role. The appointment remains subject to the final approval of the company's shareholders as per extant regulations.

Strategic Milestones and Corporate Rebranding

The leadership change arrives as the company concludes a major rebranding exercise, having officially changed its name from ICICI Prudential Life Insurance to ICICI Life Insurance Limited following ROC approval on September 22, 2026. The insurer has been active in the product space, recently launching the BSE 500 Momentum Value 50 Index Fund. Operationally, the company has reached a substantial scale, with its total Assets Under Management (AUM) climbing to ₹3.29 lakh crore as of September 30, 2026, supported by a quarterly net profit of ₹374.22 crore.

Operational and Financial Snapshot

• Quarterly operating revenue reached ₹12,031.34 crore for the period ending September 30, 2026.
• Operating profit margin for the latest quarter was recorded at 3.66%.
• Promoter holding stands at 72.73%, with no shares currently under pledge.
• The company reported a 25.05% YoY increase in net profit despite a quarterly revenue dip.
• Current stock price of ₹447 represents a 1-year change of -25.21%.

What to watch next

• Shareholder approval for Sidharatha Mishra's appointment, expected in Q3 FY2027
• IRDAI decision on the reclassification of Prudential Corporation Holdings Limited
• Next quarterly financial results announcement scheduled for early 2027

ICICI Prudential Life Insurance Company · financial snapshot

Share price	₹447
Market capitalisation	₹64,868.42 Cr
Revenue (annual)	₹63,466.66 Cr
Net profit (annual)	₹1,600.36 Cr
Revenue (latest quarter)	₹12,031.34 Cr-57.80% vs previous quarter
Net profit (latest quarter)	₹374.22 Cr-3.10% vs previous quarter
P/E (TTM)	36.87×Sector 21.67×
Promoter holding	72.73%-0.07% QoQ
FII holding	10.22%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.