Company Overview
ICICI Lombard General Insurance is a leading private sector general insurer in India, offering a diversified product portfolio and risk management solutions through various distribution channels.
Q2 FY26 Earnings Results
ICICI Lombard reported revenues of ₹7,735 crore for Q1 FY26, a marginal increase of 0.6% year-on-year (YoY). Total expenses rose nearly 12% YoY to ₹5,429 crore. The company posted a net profit of ₹747 crore, up 29% from ₹580 crore in Q1 FY25. Earnings per share (EPS) rose accordingly.
Operational & Strategic Update
Gross Direct Premium Income (GDPI) grew slightly, with the motor insurance segment showing improvement amidst competitive market conditions. The health insurance segment demonstrated solid growth, particularly in retail health, which surged over 32% YoY. Investment income rose 11.6% YoY, bolstering profitability. ICICI Lombard’s combined ratio slightly increased to 102.9%, but the solvency ratio remained strong at 270%, well above regulatory requirements.
Outlook
The company continues to drive targeted strategies in motor insurance through portfolio segmentation and distribution expansion. With strong capital adequacy, improving profit margins, and focused investments in health distribution, ICICI Lombard is well-positioned for sustainable growth.
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