| Revenue growth | 100-200 bps growth alpha over industry guided for FY29. |
|---|---|
| Margins | Targeting 10+pp Combined Ratio (CoR) advantage sustained over industry. |
| Demand visibility | Strong; 400Mn 'missing middle' in health and 42% uninsured vehicles. |
| Management confidence | High; focusing on compounding the moat via digital transformation. |
Growth
FY26 IL COR was 103.4% vs 117.8% industry; IL ROE was 17.8% vs 0.8% industry. FY27 Q1 GDP growth reported at 7.8%.
Outlook
Targeting 100-200 bps growth alpha vs industry; digital sourcing share to reach 15%; 17-20% sustained RoE by FY29.
Risks
Under-insured natural catastrophe risks (93% uninsured); structural changes in distribution and capital requirements (Ind AS, Risk-Based Capital).
Last quarter's promises, checked
Delivered
- Guided 100-200 bps industry alpha → delivered ~2.4% alpha (= BEAT)
- Guided leadership in Engineering/Marine Cargo → maintained leadership (= BEAT)
Partly delivered
- Guided Motor growth in-line with industry → delivered 14.0% vs 13.9% industry (= PARTIAL)
Missed
- Implied stable CoR → delivered 107.2% vs 102.9% YoY (= MISS)
Investor Presentation filed with BSE, NSE: ICICIGI. Summary written with AI assistance from the document.
ICICI Lombard General Insurance Company Ltd: key numbers
- Share price
- ₹1,583.80
- Market cap
- ₹79,148 Cr
- Revenue (annual)
- ₹26,994 Cr
- Net profit (annual)
- ₹2,772 Cr
- P/E (TTM)
- 31.0×Sector 19.7×
- Promoter holding
- 51.28%+0.06% QoQ
- FII holding
- 18.34%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from ICICI Lombard General Insurance Company Ltd
All →ICICI Lombard General Insurance Company Acquisition Worth ₹172 Cr
ICICI Lombard disclosed that it acquired Rs.172 Crore of State Bank of India shares on October 28, 2026, in its ordinary-course investment function. Its cumulative holding in SBI is now 0.02%.
- Value
- ₹172.0 Cr
- Execution
- Investment made in multiple tranches over a period of time
ICICI Lombard General Insurance Company Employee Stock Options
ICICI Lombard allotted 84,705 equity shares under its employee stock option and stock unit schemes on 26 October 2026. Shares rank pari-passu with existing equity.
ICICI Lombard General Insurance Company Other Announcement
ICICI Lombard issued a TDS communication for the interim dividend of ₹7.0 per share declared on October 14, 2026. Shareholders must complete the required tax documentation.
ICICI Lombard General Insurance Company Dividend
ICICI Lombard's board declared an interim dividend of ₹7 per equity share, payable by November 12, 2026. The record date is set for October 23, 2026.
ICICI Lombard General Insurance Company Earnings Call Transcript: Key Takeaways
Management remains optimistic despite motor industry combined ratios worsening to 131%. Internal resilience is shown by a wide 23% outperformance delta versus industry combined ratios.
ICICI Lombard General Insurance Company Results Update
ICICI Lombard reported its Q2 FY2027 financial performance with PAT growing 27.5% to ₹10.31 billion. The company also declared an interim dividend of ₹7 per share.