The layoffs go into effect between July 31 and Oct. 18 this year. Other major financial firms have also announced New Jersey layoffs this year.

ICICI Prudential Life Insurance Company reported a 34.2 per cent jump in net profit to Rs 302 crore for the first quarter of FY26.

Wrapping up Q1 earnings, we look at the numbers and key takeaways for the life insurance stocks, including Prudential (NYSE:PRU) and its peers.