ICICI Lombard reported a 3.6% growth in Gross Direct Premium Income (GDPI) for 9M FY2026, reaching ₹213.72 billion. Profit before tax grew by 10.8% to ₹29.41 billion. The combined ratio stood at 104.2%. The company maintains a strong solvency ratio of 2.69x, exceeding regulatory requirements, and continues to focus on profitable growth and digital transformation.
Financial Performance Highlights
ICICI Lombard announced its performance review for Q3 FY2026 and the nine months ended December 31, 2025. Key highlights include:
- Gross Direct Premium Income (GDPI) grew by 3.6% in 9M FY2026, reaching ₹213.72 billion compared to ₹206.23 billion in 9M FY2025. Excluding Crop and Mass Health, the GDPI growth stood at 7.5%.
- For Q3 FY2026, GDPI increased by 13.3% to ₹70.41 billion.
- Profit before tax (PBT) for 9M FY2026 grew by 10.8% to ₹29.41 billion compared to ₹26.53 billion in 9M FY2025. However, Q3 FY2026 PBT degrew by 9.4% to ₹8.70 billion.
- Profit after tax (PAT) for 9M FY2026 increased by 11.3% to ₹22.25 billion.
- Combined ratio on 1/n basis was 104.2% in 9M FY2026.
- Return on Average Equity (ROAE) on a 1/n basis was 19.5% in 9M FY2026.
- The company maintains a solvency ratio of 2.69x as of December 31, 2025, which is higher than the minimum regulatory requirement.
Product Portfolio Performance
The company highlighted the performance of its key product portfolios:
- Motor: The overall motor segment grew by 9.3% in Q3 FY2026.
- Health: Retail health demonstrated robust growth of 85.8% for Q3 FY2026.
- P&C (Property & Casualty): The Company registered robust and steady growth.
Strategic Initiatives
ICICI Lombard continues to focus on:
- Profitable growth amid competitive intensity.
- Expanding distribution channels and granular portfolio segmentation.
- Leveraging technology to optimize processes and customer engagement.
ESG Initiatives
ICICI Lombard highlighted its commitment to ESG principles, including:
- Implementing business practices that encourage minimizing paper usage.
- Sustained investments in Green Bonds.
Source: BSE
