Shares of ICICI Lombard General Insurance edged higher by 1.08% to ₹2,024.30 today after the company reported a strong set of Q1 FY26 earnings. Net profit after tax rose sharply by 47.6% to ₹746.6 crore from ₹505.9 crore in the same quarter last year.
The impressive growth was driven by higher investment income and a recovery in underwriting performance, particularly in the Motor segment, as per its BSE filing. Gross premiums written rose modestly by 1.5% year-on-year to ₹8,05,255 lakh, while net premiums written grew 4.7% to ₹5,61,052 lakh. Net premium earned stood at ₹5,13,609 lakh, up 14% from ₹4,50,388 lakh last year.
Total income jumped to ₹6,08,336 lakh in Q1 FY26, compared to ₹5,35,195 lakh a year ago, with investment income rising 11.6% to ₹94,274 lakh. Total expenses increased to ₹5,42,923 lakh, while incurred claims climbed to ₹3,75,010 lakh.
Notably, the company posted an underwriting profit of ₹1,29,314 lakh this quarter, reversing a loss in the previous quarter and improving from last year’s ₹1,34,660 lakh profit. The Motor insurance segment remained the biggest contributor, with net premium earned of ₹2,67,490 lakh (up 13.5% YoY) and operating profit of ₹54,950 lakh.
The Health Group/Corporate segment turned profitable at ₹1,064 lakh compared to a loss a year ago, while Retail Health recorded an operating loss of ₹8,456 lakh. The Fire segment reported a profit of ₹11,151 lakh, while Marine and Crop Insurance segments were relatively muted.
As of June 30, 2025, the company’s total assets stood at ₹5,586,448 lakh. The solvency ratio was healthy at 2.70, above regulatory requirements. The combined ratio improved slightly to 102.5% from 102.8% last year, with a stable claims ratio of 69.7% and a retention ratio of 73%.
The solid quarterly performance and strong operating metrics provided support to the stock price, reflecting investor confidence in its growth trajectory.
