ICICI Lombard General Insurance Company reported a steady performance for the quarter ended March 31, 2026, with improvement in profitability and underwriting metrics.
The company’s profit after tax (PAT) for Q4 FY26 rose 7.3% to ₹547 crore, compared to ₹510 crore in the same quarter last year. On a reported basis, PAT stood at ₹539 crore, up 15.6% year-on-year.
Profit before tax (PBT) also showed growth, rising 7.5% YoY to ₹718 crore in Q4 FY26, compared to ₹668 crore in Q4 FY25, reflecting stable operating performance.
A key metric for general insurers, the combined ratio improved to 101.2% in Q4 FY26, compared to 102.5% in Q4 FY25. The improvement indicates better underwriting discipline and cost management, even as the ratio remains above the breakeven level of 100%.
On the balance sheet front, the company maintained a strong capital position, with the solvency ratio at 2.67x as of March 31, 2026, comfortably above the regulatory requirement of 1.50x. However, it was slightly lower than 2.69x reported as of December 31, 2025, impacted by mark-to-market losses in the equity portfolio.
In terms of business growth, Gross Direct Premium Income (GDPI) for the quarter grew 18.2% YoY, outpacing the industry growth of 10.9%, highlighting continued market share gains.
For the full year, the company reported steady profitability and declared a final dividend of ₹7 per share, taking the total dividend for FY26 to ₹13.5 per share, subject to shareholder approval.
Overall, the Q4 performance reflects stable growth in profitability, improving underwriting metrics, and a robust solvency position, reinforcing ICICI Lombard’s position among leading private general insurers in India.