ICICI Lombard General Insurance Company Limited — Investor Meet, 20-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

ICICI Lombard's Q1 FY2027 saw Gross Direct Premium Income (GDPI) grow 7.5% to `₹ 8,318 Cr`, driven by retail lines. However, Profit After Tax (PAT) de-grew 46% to `₹ 403 Cr`, impacted by two large fire losses of `₹ 63 Cr` and a `₹ 165 Cr` reserve for a Motor TP judgement. Excluding these, PAT de-grew 23% to `₹ 575 Cr`. The combined ratio increased to 107.2%.

Management highlighted strong growth in Motor (14%) and Health (24.9%), especially Retail Health (69.5%), while commercial lines faced competitive pressure. They remain confident in their disciplined underwriting and long-term strategy, expecting industry actions to address Motor TP and fire pricing.