ICICI Lombard reported its Q2 and H1 FY2026 financial results, showcasing a resilient performance despite industry headwinds. The company’s H1 profit after tax (PAT) grew by 22.9% year-over-year to ₹15.67 billion. The Board has declared an interim dividend of ₹6.50 per share. While gross direct premium income (GDPI) saw a slight de-growth, excluding crop and mass health segments, the company recorded growth of 3.5%.
Financial Performance Highlights
ICICI Lombard General Insurance Company Limited announced its financial results for Q2 and H1 FY2026. Key highlights include:
- Gross Written Premium (GWP) for H1 FY2026 reached ₹151.11 billion.
- Profit before tax (PBT) for H1 FY2026 grew by 22.3% to ₹20.71 billion.
- Profit after tax (PAT) for H1 FY2026 increased by 22.9% to ₹15.67 billion.
- The Board declared an interim dividend of ₹6.50 per share.
Key Business Segment Performance
The company highlighted the performance of its key business segments:
- Commercial lines grew by 6.5% in H1 FY2026.
- Motor segment growth stood at 2.2% for H1 FY2026, with a significant uptick in September.
- Health segment grew by 4.2% for H1 FY2026; Retail Health demonstrated strong growth of 25.2%.
Strategic Initiatives and Operational Excellence
ICICI Lombard continues to focus on strategic initiatives to enhance customer service and operational efficiency:
- The ‘IL Sahayak’ initiative reached over 58,000 health customers, with 94.4% rating their experience as exemplary.
- The ‘IL TakeCare’ app has crossed 18.4 million downloads.
- The company maintains superior claims settlement practices in the Motor Insurance segment.
Industry Outlook and Future Strategy
ICICI Lombard is well-positioned to capitalize on the positive momentum in the general insurance sector, driven by regulatory reforms and economic growth. The company remains committed to:
- Driving profitable growth through prudent underwriting.
- Maintaining a customer-centric approach.
- Leveraging technology and innovation to enhance operations.
Source: BSE