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

Executive summary

• Q4 and FY 2026 saw strong growth in retail health and motor segments, with robust digital adoption and operational efficiency improvements.

• Celebrated 25 years of operations, emphasizing a legacy of trust, market leadership, and a diversified product portfolio.

• Maintained disciplined underwriting, prudent risk management, and steady ROE amid heightened competition and pricing pressure.

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

• Regulatory changes, including the transition to Ind AS and the Public Insurance Registry, are expected to enhance transparency and industry alignment.

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%.

• Q4 and H2 2026 GDPI growth was 18.2% and 15.7%, outpacing industry growth.

• Profit after tax for FY26 was ₹27.72 billion, up 10.5% from FY2025.

• Investment income increased to INR 47.42 billion in FY 2026 from INR 42.5 billion in FY 2025.

• Final dividend proposed at ₹7 per share, total FY26 dividend at ₹13.5 per share.

Outlook and guidance

• Management expects continued positive momentum in Q1 and Q2 FY 2027, supported by strong vehicle sales and GST tailwinds.

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

• Growth in commercial lines may be single digit due to fire segment challenges, but the company remains confident in its positioning.

• Crop segment participation will be selective, based on commercial viability as new guidelines emerge.

• Board notes seasonality in the insurance industry; quarterly results may not indicate full-year performance.