ICICI Lombard General Insurance Company (ICICIGI) investor relations material

Executive summary

• Reported GDPI growth of 7.5% in Q1 FY 2027, with GDPI at ₹83.18 billion and Gross Written Premium at ₹88.60 billion, below industry growth of 10.9%.

• Profit after tax declined 46% year-over-year to ₹4.03 billion, impacted by large fire losses and a Supreme Court judgment on Motor TP.

• Maintained market leadership in Motor and Health segments, with strong growth in retail health and motor non-OEM channels.

• Combined ratio increased to 107.2% in Q1 FY 2027 from 102.9% in Q1 FY 2026, reflecting higher claims and competitive pressures.

• Audited financial results for the quarter ended June 30, 2026, were approved by the Board on July 15, 2026.

Financial highlights

• Combined ratio rose to 107.2% in Q1 FY 2027 from 102.9% in Q1 FY 2026; adjusted for one-offs, 102.3%.

• PAT declined 46% YoY to INR 4.03 billion; excluding one-offs, PAT down 23% to INR 5.75 billion.

• Gross premiums written for Q1 FY27 were ₹886,027 lakhs, up from ₹805,255 lakhs in Q1 FY26.

• Solvency ratio healthy at 2.71x, above regulatory minimum.

• Book value per share increased to ₹340.46.

Outlook and guidance

• Industry expects upward revision in Motor TP premium rates to restore adequacy.

• Focus on profitable growth, diversified product portfolio, and prudent risk management.

• Continued investment in technology and customer service to drive retention and engagement.

• Financial results for the quarter are not indicative of full-year performance due to industry seasonality.

• The company will continue with the current accounting framework for FY27, with Ind AS implementation deferred to FY28.