Q1 2026 ICICI Lombard General Insurance Company Ltd Earnings Call Transcript
Key Points
- ICICI Lombard General Insurance Co Ltd (NSE:ICICIGI) reported a profit after tax growth of 28.7% to INR7.47 billion in Q1 FY26 compared to INR5.8 billion in Q1 FY25.
- The company's investment income increased to INR12.88 billion in Q1 FY26 from INR11.28 billion in Q1 FY25.
- The solvency ratio improved slightly to 2.7 times as of June 30, 2025, remaining well above the regulatory requirement of 1.5 times.
- The Retail Health business line showed strong growth, with a 32.2% increase in Q1 FY26, gaining market share from 2.9% to 3.5%.
- Digital service engagement increased significantly, with digital platform visitors up 21% year-on-year and fresh business increasing by 69% year-on-year.
- The company's gross direct premium income (GDPI) growth was only 0.6% in Q1 FY26, significantly lagging behind the industry growth of 8.8%.
- ICICI Lombard's growth in the Commercial lines segment was 6.8%, below the industry growth of 13% for the same period.
- The Motor segment growth was 3.2% for Q1 FY26, which is lower than the industry growth of 8.7%.
- The Group Health segment experienced a decline of 2.5% in Q1 FY26 compared to Q1 FY25, attributed to lower growth in the Group Benefit segment.
- The combined ratio for the company slightly worsened to 102.9% in Q1 FY26 from 102.3% in Q1 FY25, indicating increased underwriting losses.
Good evening, ladies and gentlemen. A very warm welcome to ICICI Lombard General Insurance Company Limited Q1 FY 2026 earnings conference call.
From the senior management, we have with us today Mr. Sanjeev Mantri, MD and CEO of the company; Mr. Gopal Balachandran, CFO; Mr. Anand Singhi, Chief Retail and Government Business; Mr. Girish Nayak, Chief Technology and Health, Underwriting and Claims; Mr. Sandeep Goradia, Chief Corporate Solutions, International, Bancassurance; and Mr. Gaurav Arora, Chief Reinsurance, Underwriting, and Claims for Property and Casualty.
Please note that any statements, comments made in today's call that may look like forward-looking statements are based on information presently available to the management and do not constitute an indication of any future performance, as future involve risks and uncertainties which could cause results to differ materially from the current views being expressed.
(Operator Instructions) I now hand the conference over to Mr. Sanjeev Mantri, MD and CEO, ICICI Lombard General Insurance Limited. Thank you, and over to you,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
