ICICI Lombard General Insurance Company (ICICIGI) Q2 25/26 earnings summary

Executive summary

• H1 FY2026 was marked by regulatory reforms, strong macroeconomic fundamentals, and a focus on profitable growth, operational excellence, and customer-centricity, leveraging digital initiatives and tailored service offerings.

• Celebrated 25 years of operations, emphasizing a legacy of trust, market leadership, and strategic focus on risk management, technology, and capital management.

• Audited financial results for H1 FY2026 were approved with an unmodified audit opinion; interim dividend of ₹6.50 per share declared.

Financial highlights

• Gross written premium for H1 FY2026 grew 1.6% year-over-year to ₹151.11 billion.

• Profit after tax for H1 FY2026 was ₹15.67 billion, up 22.9% year-over-year.

• Combined ratio for H1 FY2026 was 104% (103% on n basis); return on average equity was 20.8%.

• Solvency ratio stood at 2.73x as of September 30, 2025.

• Interim dividend of ₹6.50 per share declared, up from ₹5.5 per share in H1 FY2025.

Outlook and guidance

• Management expects positive momentum in H2 FY2026, driven by regulatory reforms, festive demand, and continued focus on sustainable, profitable growth.

• New IRDAI regulations on premium and commission recognition effective October 1, 2024, impacted reported figures and comparability.

• Aims to sustain ROE in the 18–20% range and maintain leadership in key segments.