Q3 2026 ICICI Lombard General Insurance Company Ltd Earnings Call Transcript
Key Points
- ICICI Lombard General Insurance Co Ltd (NSE:ICICIGI) reported a premium growth of 13.3% in Q3 2026, surpassing the industry growth of 11.5%, thereby increasing its market share from 8.1% to 8.3%.
- The company's health segment grew by 42% in Q3 2026, significantly outperforming the industry growth of 27.6%, driven by a robust 85.8% growth in retail health.
- ICICI Lombard's investment income increased to INR 37.57 billion in nine months of the current year, compared to INR 33.73 billion in the previous year.
- The company maintained a strong solvency ratio of 2.69 times as of December 31, 2025, well above the regulatory requirement of 1.5 times.
- ICICI Lombard demonstrated better portfolio management in motor insurance, with the combined ratio improving from 108% to 106.9% during the same period.
- The company's gross domestic premium income (GDPI) growth of 3.6% for nine months 2026 lagged behind the industry growth of 8.7%.
- ICICI Lombard's combined ratio worsened to 104.2% in nine months of the current year from 102.9% in the previous year, indicating increased underwriting pressure.
- The motor segment growth of 5% for nine months 2026 was below the industry growth of 8.9%, reflecting competitive challenges.
- The company's growth in the marine cargo and liability segment was not in line with industry growth due to portfolio rationalization.
- The impact of the new labor code resulted in a one-time financial impact of INR 55 crores, affecting the company's financials for the quarter.
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, sir.
Good evening to each one of you. Thank you for joining the earnings conference call for ICICI Lombard for quarter three and nine months financial year 2026.
At the outset, let me wish you all a very happy new year and best of health and happiness. I would like to give you a brief overview of the recent economic industry trends which have shaped the operating environment over the past few months. Following that of CFO Mr. Gopal Balachandran will take you through the company's financial performance for the recently concluded quarter and nine months.
The Indian economy recorded a GDP growth of 8.2% in the quarter to, up from 7.8% in the preceding quarter. The expansion was underpinned by
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