ICICI Lombard General Insurance Company Ltd.Strong H2 Momentum

ICICI Lombard delivered robust fourth-quarter performance with 18.2% growth against 10.9% industry growth, reversing earlier underperformance.

Full-year Gross Direct Premium Income grew 7.0%, while Profit After Tax increased 10.5% to ₹2,772 crore. The company's Retail Health segment was a standout, growing 51.1% versus 19.9% industry growth, expanding market share from 3.3% to 4.1% with improving loss ratios. Combined ratio stood at 103.4%, maintaining underwriting discipline, while Return on Average Equity was 17.8%. Management expressed confidence in sustaining H2 momentum into Q1-Q2 FY2027, supported by favorable vehicle sales trends and GST rationalization tailwinds.

The company achieved 5% improvement in overall retention rates and targets Motor loss ratio between 65-67%. ICICI Lombard announced seeking one-year forbearance for Ind AS transition while maintaining prudent solvency at 2.67x. The Board proposed increasing dividend to ₹13.50 per share, reflecting a 25% payout ratio. Digital initiatives continue driving operational excellence, with 21 million IL TakeCare app downloads.