ICICI Lombard General Insurance Company Limited Earnings Summary — H2 FY2026

• Gross Direct Premium Income (GDPI) grew significantly by 18.2% in Q4 FY2026, nearly double the industry growth of 10.9%.
• Underwriting efficiency improved as the Combined Ratio dropped to 101.2% in Q4 compared to 102.5% in the same quarter last year.
• Profit After Tax (PAT) on a 1/n basis saw a steady growth of 7.3% YoY to ₹5.47 billion for the quarter.
• The Solvency Ratio remains robust at 2.67x, well above the regulatory requirement of 1.50x, despite a slight impact from MTM equity losses.
• The Board proposed a final dividend of ₹7.00 per share, bringing the total FY2026 dividend to ₹13.50 per share.
• Excluding Crop and Mass Health, GDPI growth was even stronger at 18.4% for the quarter.
• Return on Average Equity (ROAE) for Q4 stood at 13.3%, moderating from 14.5% in the prior year quarter.

Management did not provide specific numerical forward guidance but highlighted their focus on digital-led growth and maintaining a leading market share through multi-channel distribution.

Improving

The company demonstrated strong market share gains by significantly outgrowing the industry in the final quarter, coupled with an improvement in the combined ratio.

The company is positioned for continued growth by leveraging its cloud-native core systems and AI-powered solutions like the 'IL TakeCare' app, while maintaining solvency levels significantly above regulatory mandates.