ICICI Lombard General Insurance Company reported a strong performance for the second quarter of FY26. The company’s profit before tax (PBT) rose 18% year-on-year to ₹10.77 billion, driven by balanced growth across key segments and effective cost management. Profit after tax (PAT) also increased by 17% to ₹8.27 billion, reflecting continued financial strength and operational efficiency.
Gross direct premium income (GDPI) for Q2FY26 grew by 14% to ₹75.74 billion, supported by robust performance in the motor and retail health portfolios. The company maintained a combined ratio of 103.4%, indicating strong underwriting discipline despite competitive market conditions.
ICICI Lombard continues to be the leading private general insurer in India with a diversified business mix. It holds a significant presence in motor, health, fire, and marine insurance segments. In retail health, the company achieved over 30% year-on-year growth, expanding its market share to 3.7%.
The insurer’s focus on technology and customer experience remains a key differentiator. More than 99% of policies were issued digitally, and the company’s IL TakeCare app has crossed 18 million downloads, offering policyholders seamless access to health and claim services. Over 96% of motor claims were settled within 30 days, showcasing its focus on efficiency and customer trust.
ICICI Lombard continues to maintain one of the strongest solvency ratios in the industry at 2.53x, well above regulatory requirements. The return on equity (ROE) for H1FY26 stood at 20.8%, reflecting consistent profitability and shareholder value creation.
As India’s insurance penetration continues to rise, ICICI Lombard is positioned to capture long-term growth opportunities through innovation, customer-centric solutions, and a focus on profitable segments.
