ICICI Lombard General Insurance reported a strong 28.7% year-on-year rise in net profit to ₹747 crore in Q1 FY26, compared to ₹580 crore in the same period last year. Profit before tax grew 28.4% YoY to ₹994 crore, aided by higher capital gains and strong underwriting performance.
The company’s Gross Direct Premium Income (GDPI) stood at ₹7,735 crore in Q1 FY26, marginally up 0.6% from ₹7,688 crore in Q1 FY25, while Return on Average Equity (ROAE) improved to 20.5% versus 19.1% last year. The combined ratio (CoR), a key measure of underwriting profitability, increased slightly to 102.9% from 102.3% YoY.
Solvency ratio remained robust at 2.70x as of June 30, 2025, well above the regulatory minimum of 1.50x. Capital gains during the quarter were ₹380 crore compared to ₹284 crore last year.
Other key highlights include:
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Investment book grew to ₹55,453 crore.
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Book value per share improved to ₹298.48 from ₹249.30 YoY.
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Basic EPS rose to ₹15.06 versus ₹11.77 in Q1 FY25.
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GDPI excluding IRDAI’s new accounting impact grew 4.8% YoY.
ICICI Lombard continues to strengthen its position as a leading private-sector general insurer, supported by diversified products, strong investment income, and technology-driven operations.
Disclaimer: The information provided is for informational purposes only and should not be construed as financial advice. Please consult your financial advisor before making investment decisions.
