Q2 2026 ICICI Lombard General Insurance Company Ltd Earnings Call Transcript

Oct 14, 2025 / 01:00 PM GMT

Release Date Price: ₹1858.65 (+1.34%)

Transcript

Key Points

Positve

ICICI Lombard General Insurance Co Ltd (NSE:ICICIGI) reported a profit after tax growth of 22.9% in H1 FY26, reaching INR 15.67 billion.
The company maintained a strong solvency ratio of 2.73 times as of September 30, 2025, well above the regulatory requirement.
Retail health insurance demonstrated strong growth, with a market share increase from 3.2% in H1 FY25 to 3.7% in H1 FY26.
The company achieved a high retail health claim settlement ratio of 99.6% within 30 days, placing it among industry leaders.
ICICI Lombard's investment income rose to INR 25.38 billion in H1 FY26, up from INR 22.52 billion in H1 FY25.

Negative

The company's GDPI growth was only 0.5% in H1 FY26, significantly lagging behind the industry growth of 7.3%.
ICICI Lombard experienced a decline in market share in the motor segment, dropping from 10.9% in H1 FY25 to 10.4% in H1 FY26.
The combined ratio increased to 104% in H1 FY26 from 103.2% in H1 FY25, indicating higher underwriting losses.
The company faced significant pricing pressure in the motor segment, with a high combined ratio of 125% for motor line of business.
There was a de-growth of 1.9% in GDPI for Q2 FY26 compared to Q2 FY25, against an industry growth of 5.9%.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ICIL.NS - ICICI Lombard General Insurance Company Ltd
Q2 2026 ICICI Lombard General Insurance Company Ltd Earnings Call
Oct 14, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good evening, ladies and gentlemen. A very warm welcome to the ICICI Lombard General Insurance Company Limited Q2 and H1F 5 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 Singi, chief retail and government.

Mr. Girishnayek, Chief Technology and Health Underwriting and Claims.

Mr. Sandeep Goada, Chief Corporate Solutions, International and Bank Assurance, and Mr. Goro Verrora, Chief Insurance underwriting and claims for property and casualty.

Please note that any statements, comments are made in today's call that

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