NSE:ICICIGI'
s ROE % Range Over the Past 10 Years
Min: 15.14 Med: 19.15 Max: 21.6
Current: 17.59
During the past 13 years, ICICI Lombard General Insurance Co's highest ROE % was 21.60%. The lowest was 15.14%. And the median was 19.15%.
NSE:ICICIGI's ROE % is ranked better than 72.02% of 504
companies
in the Insurance industry
Industry Median: 11.675
vs NSE:ICICIGI: 17.59
ICICI Lombard General Insurance Co (NSE:ICICIGI) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
ICICI Lombard General Insurance Co ROE % Related Terms
ICICI Lombard General Insurance Co ROE % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Insurance - Diversified subindustry, ICICI Lombard General Insurance Co's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ICICI Lombard General Insurance Co ROE % vs Insurance Industry
For the Insurance industry and Financial Services sector, ICICI Lombard General Insurance Co's ROE % distribution charts can be found below:
* The bar in red indicates where ICICI Lombard General Insurance Co's ROE % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
ICICI Lombard General Insurance Co (NSE:ICICIGI) has a ROE % of 13.19% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ICICI Lombard General Insurance Co and its competitors. This is 31% below median its historical median of 19.15. Over the past decade, ICICI Lombard General Insurance Co's ROE % has ranged from 15.14 to 21.60. According to the industry distribution chart, ICICI Lombard General Insurance Co ranks #141 out of 504 companies in the Insurance industry, placing it in the top 28%.
Is ICICI Lombard General Insurance Co's ROE % too high?
ICICI Lombard General Insurance Co's current ROE % of 13.19% is 31% below median its 10-year median of 19.15. Over the past 10 years, this metric has ranged from a low of 15.14 to a high of 21.60. The Insurance industry median ROE % is 11.68. ICICI Lombard General Insurance Co's value of 13.19% is 13% above this industry median. Based on the distribution chart, ICICI Lombard General Insurance Co ranks #141 out of 504 companies in the Insurance industry, which is above the industry midpoint. Overall, ICICI Lombard General Insurance Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ICICI Lombard General Insurance Co's ROE % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, ICICI Lombard General Insurance Co ranks #141 out of 504 companies for ROE %. This puts ICICI Lombard General Insurance Co in the upper half of its industry. The industry median ROE % is 11.68. ICICI Lombard General Insurance Co's value of 13.19% is 13% above this benchmark. Historically, ICICI Lombard General Insurance Co's own ROE % has ranged from 15.14 to 21.60 over the past decade. While the company's 10-year median is 19.15 vs. the industry median of 11.68, ICICI Lombard General Insurance Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Insurance company?
The median ROE % among Insurance companies is 11.68, based on 504 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ICICI Lombard General Insurance Co's current ROE % of 13.19% is 13% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ICICI Lombard General Insurance Co and its competitors. For the Insurance industry, the median ROE % is 11.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICICI Lombard General Insurance Co's current ROE % is 13.19%, which is 31% below median its own 10-year median of 19.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICICI Lombard General Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, ICICI Lombard General Insurance Co (NSE:ICICIGI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,115.04, compared to a current price of ₹1,794.30 — trading 15.2% below its estimated fair value. The current ROE % is 13.19%, which is 31% below median its 10-year median of 19.15 and 13% above the Insurance industry median of 11.68. ICICI Lombard General Insurance Co's overall GF Score™ is 90/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For ICICI Lombard General Insurance Co (NSE:ICICIGI), the current ROE % is 13.19% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ICICI Lombard General Insurance Co (NSE:ICICIGI) Overvalued in 2026?
Based on GuruFocus' analysis, ICICI Lombard General Insurance Co stock appears to be undervalued.
The current stock price of ₹1,794.30 is trading 15.2% below its estimated GF Value™ of ₹2,115.04.
GuruFocus considers ICICI Lombard General Insurance Co to be Modestly Undervalued.
Key valuation signals for NSE:ICICIGI:
ROE %: 13.19% (31% below median its 10-year median of 19.15)
GF Value™: ₹2,115.04 vs. price of ₹1,794.30 (15.2% below fair value)
Industry Position: 13% above the Insurance median (#141 of 504)
No single metric tells the full story. See the NSE:ICICIGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICICI Lombard General Insurance Co Business Description
ICICI Lombard General Insurance Co Ltd is a general insurance company. Its business segment include Fire; Marine Cargo; Marine, Marine Others, Motor-OD, Motor-TP, Health Insurance, and Personal Accident. The company products include Motor Insurance; Car Insurance; Two Wheeler Insurance; Health Insurance; Complete Health Insurance; Health Booster; Personal Accident Insurance; International Travel Insurance; Home Insurance; Marine Insurance; NRI Insurance Services; Business Insurance; third-party insurance; Crop Insurance and Rural Insurance. Geographically, it operates only in India.
90GF Score
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