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ICICI Lombard's Q1 FY2026 PAT grew 28.7% to ₹747 Cr, with PBT up 28.4% to ₹994 Cr. GDPI increased marginally by 0.6% to ₹7,735 Cr, compared to industry growth of 8.8%, reflecting a strategic focus on profitability. The Combined Ratio stood at 102.9%. Retail Health saw strong 32.2% growth, boosting market share, while Group Health declined due to muted credit and 1/n accounting norms. Motor business grew 3.2%, impacted by competitive pricing. Management remains committed to profitable growth through data, technology, and distribution, navigating intense market competition. They expressed optimism for a potential Motor TP price hike.
All announcements from ICICI Lombard General Insurance Company Limited