India’s leading private general insurance company, ICICI Lombard General Insurance Co Ltd, on Tuesday (October 14) reported a net profit of ₹819.5 crore for Q2, up 18.1% from ₹693.9 crore in the same quarter last year.
The company’s total income rose 12.5% to ₹6,582.7 crore compared to ₹5,850 crore a year ago, while gross premium income grew 1.6% to ₹7,058.9 crore versus ₹6,948.3 crore YoY. The board approved an interim dividend of ₹6.5 per share, up from ₹5.5 per share in H1 FY2025.
The company’s gross direct premium income (GDPI) was ₹14,331 lakh crore in H1 FY26, down 0.5% from ₹14,409 lakh crore in H1 FY25, compared with an industry growth of 7.3%.
Excluding the impact of the 1/n accounting norm, GDPI grew 4.2% in H1 FY26 against industry growth of 11.3%. Excluding the crop and mass health segments, GDPI growth was 3.5% versus 10.5% for the industry.
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For Q2 FY26, GDPI was ₹6,596 crore, down 1.9% from ₹6,721 crore in Q2 FY2025, while excluding crop and mass health, growth stood at 3.5%, compared with industry growth of 9.8%.
The combined ratio in Q2 FY2026 was 105.1% versus 104.5% in Q2 FY25. Excluding catastrophe losses of ₹73 crore in Q2 FY26 and ₹94 crore in Q2 FY2025, the combined ratio was 103.8% and 102.6%, respectively. For H1 FY26, the combined ratio stood at 104.0% versus 103.2% in H1 FY2025; excluding CAT losses, it was 103.3% against 102.2% last year.
Profit Before Tax (PBT) grew 17.2% to ₹1,077 crore in Q2 FY26 from ₹919 crore in Q2 FY25 and 22.3% to ₹2,071 crore in H1 FY26 versus ₹1,693 crore. Capital gains were ₹236 crore in Q2 FY26 and ₹616 crore in H1 FY26.
ROAE was 21.4% in Q2 FY26 (21.8% in Q2 FY25) and 20.8% in H1 FY2026 (20.3% in H1 FY25). Solvency ratio stood at 2.73x as of September 30, 2025, above the minimum regulatory requirement of 1.5x, compared with 2.70x on June 30, 2025, and 2.69x on March 31, 2025.
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The results came after the close of the market hours. Shares of ICICI Lombard General Insurance Co Ltd ended at ₹1,858.65, up by ₹24.50 or 1.34% on the BSE.
