Earnings Review
ICICI Lombard Q1 PAT falls 46% YoY on spike in claims paid
This story was originally published at 20:30 IST on 15 July 2026
Register to read our real-time news.Informist, Wednesday, Jul. 15, 2026
Please click here to read all liners published on this story
--ICICI Lombard Apr-Jun net profit INR 4.03 bln
--Analysts saw ICICI Lombard Apr-Jun net profit INR 7.72 bln
--ICICI Lombard Apr-Jun net profit INR 4.03 bln vs INR 7.47 bln year ago
--ICICI Lombard Apr-Jun total income INR 68.14 bln vs INR 60.83 bln year ago
--ICICI Lombard Apr-Jun total expenses INR 65.80 bln vs INR 54.29 bln yr ago
--ICICI Lombard Q1 commission, brokerage cost INR 12.50 bln vs INR 9.41 bln
--ICICI Lombard Q1 net premium written INR 66.04 bln vs INR 56.11 bln yr ago
--ICICI Lombard Apr-Jun claims paid INR 35.12 bln vs INR 29.11 bln year ago
--ICICI Lombard solvency ratio 2.71 times on Jun 30 vs 2.67 times on Mar 31
By Meera Nair
MUMBAI – ICICI Lombard General Insurance Co. Ltd. reported a sharp fall in the net profit for the June quarter due to the incurred claims paid and change in outstanding claims. However, the company managed to post a profit with strong growth in premiums earned and total income for the reporting quarter.
The insurance company's net profit for the June quarter fell 46% on year to INR 4.03 billion from INR 7.47 billion. Sequentially, the net profit fell over 26%. Analysts had expected the insurer's bottom line to be INR 7.72 billion. For the reporting quarter, the insurer incurred two large losses under the fire segment worth INR 630 million, impacting the combined ratio by 1%. Meanwhile, the judgement of the Supreme Court resulted in an increase in claim reserves of INR 1.65 billion in its Motor TP portfolio. This had an additional impact on the combined ratio of 2.8%.
The general insurer's net premium earned rose almost 16% on year to INR 59.50 billion for the June quarter. The on-year rise in net premium earned was the highest in five quarters. The total income for the reporting quarter rose 12% to INR 68.14 billion from INR 60.83 billion a year ago. Sequentially, it rose just 3%.
However, the insurer's total expenses for the June quarter rose more than 21% on year to INR 65.80 billion. Commission and brokerage expenses increased nearly 33% on year to INR 12.50 billion. On a sequential basis, it rose a little more than 5%.
Net premium written rose 18% on year to INR 66.04 billion in the June quarter. The Mumbai-based general insurer's incurred claims paid rose nearly 21% on year to INR 35.12 billion. Its solvency ratio improved to 2.71 times as of Jun. 30 from 2.67 times as of Mar. 31, which was higher than the minimum regulatory requirement of 1.50 times. The incurred claim ratio increased to 76.4% as of Jun. 30 from 73.0% a year earlier.
On Wednesday, shares of the insurer closed at INR 1,814.60 apiece, up 1.5% on the National Stock Exchange. End
Edited by Deepshikha Bhardwaj
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
