ICICI Lombard sees H1 FY2026 profit growth amidst economic tailwinds

ICICI Lombard General Insurance Company Limited announced a 22.9% rise in Profit After Tax (PAT) to ₹15.67 bn for H1 FY2026, compared to ₹12.74 bn in H1 FY2025. Gross Written Premium (GWP) also grew by 1.6% to ₹151.11 bn in H1 FY2026 from ₹148.79 bn in H1 FY2025. The company’s Solvency Ratio remained strong at 2.73x as of September 30, 2025, well above the regulatory minimum of 1.50x.

The company's Gross Direct Premium Income (GDPI) saw a slight de-growth of 0.5% to ₹143.31 bn in H1 FY2026, contrasting with an industry growth of 7.3%. However, excluding Crop and Mass Health segments, ICICI Lombard's GDPI grew by 3.5%. The Motor segment's GDPI grew by 1.2% in Q2 FY2026, while the Health segment increased by 7.8% in the same quarter.

ICICI Lombard's Combined Ratio for H1 FY2026 stood at 104.0%, deteriorating from 103.2% in H1 FY2025 due to multiple CAT events. Despite this, the company maintained a lower Combined Ratio of 102.9% in Q1 FY2026, significantly better than the industry average. Investment income for H1 FY2026 reached ₹25.38 bn.