ICICI Lombard General Insurance Company (ICICIGI) Q4 25/26 earnings summary

Executive summary

• The company reported strong growth in Q4 and FY2026, with robust performance in health and motor segments, continued leadership in liability and marine cargo lines, and celebrated 25 years of operations.

• Strategic investments in digital platforms, operational excellence initiatives, and customer-centric technology have driven efficiency, engagement, and market reach.

• Focus remains on profitable growth, diversified product portfolio, disciplined underwriting, prudent risk management, and active capital management amid heightened competition and regulatory changes.

• Audited financial results for FY26 were approved with an unmodified audit opinion; board recommended a final dividend of ₹7.0 per share and approved new auditor and director appointments.

• Maintained leadership in key segments with steady ROE and robust digital adoption.

Financial highlights

• Gross Written Premium rose to ₹306.18 billion in FY2026, up 8.4% year-over-year; GDPI reached ₹287.12 billion, growing 7.0%.

• Profit before tax rose 10.2% to INR 36.59 billion; profit after tax increased 10.5% to INR 27.72 billion year-over-year.

• Investment income reached INR 47.42 billion in FY2026, up from INR 42.5 billion in FY2025.

• Combined ratio for FY26 was 103.4%; ROE was 17.8%.

• Final dividend proposed at ₹7 per share, total dividend for FY2026 at ₹13.5 per share.

Outlook and guidance

• Management expects continued positive momentum in Q1 and Q2 FY2027, supported by GST cuts and strong vehicle sales.

• Growth in commercial lines may be single digit due to industry-wide challenges, especially in the fire segment.

• The company is optimistic about opportunities in crop insurance, with expansion beyond a single state under consideration.

• Focus remains on sustainable, profitable growth and maintaining market leadership, with continued investment in technology and customer service.

• Industry GDPI growth for FY2026 was 11.0%, with the company growing at 10.3% on 'n' basis.