ICICI Lombard Posts Rs 7.47 Billion Profit in Q1, Premiums Surge Past Rs 51 Billion

ICICI Lombard General Insurance has reported a strong start to FY26, with its Q1 results reflecting solid growth in both earnings and premium collections. The company’s performance signals continued momentum in India’s general insurance sector, especially in motor and health segments.

 

Key Highlights:

 

- Net premium earned for the quarter stood at Rs 51.36 billion, up nearly 16% year-on-year, driven by higher policy renewals and new customer acquisitions.

- Profit after tax reached Rs 7.47 billion, marking a 48% jump compared to the same period last year.

- The company’s combined ratio improved to 102.3%, indicating better underwriting efficiency and cost control.

 

Segment Performance:

- Motor insurance, which accounts for nearly half of ICICI Lombard’s business, grew around 12% on the back of rising vehicle sales and regulatory compliance.

- Retail and corporate health insurance premiums rose by 19% and 24% respectively, reflecting increased awareness and demand post-pandemic.

- Marine and crop insurance segments remained stable, contributing to portfolio diversification.

 

Operational Metrics:

- Claims rose by approximately 23%, in line with premium growth, while operating income increased by 52.89% year-on-year.

- EPS for the quarter stood at Rs 11.22, up 46% from last year, reinforcing investor confidence.

- The company’s market cap now hovers around Rs 94,000 crore, with stock performance showing a 34% year-to-date return.

 

Outlook:

- Analysts expect ICICI Lombard to maintain its growth trajectory, supported by digital distribution, product innovation, and strong parentage from ICICI Bank.

 

Sources: Livemint, Business Standard, ICICI Lombard Investor Relations, Economic Times Markets