ICICI Lombard Q4 net profit up 7% to ₹547 crore on 17% premium growth; ₹7 dividend declared

Largest private sector general insurer ICICI Lombard General Insurance Company Ltd on Wednesday (April 15) reported a 7.25% year-on-year rise in net profit to ₹547 crore for the quarter, compared with ₹510 crore in the same period last year.Profit before tax (PBT) increased to ₹718 crore in Q4 FY2026 from ₹668 crore a year earlier. For FY2026, PBT stood at ₹3,659 crore compared with ₹3,321 crore in FY2025.

Gross written premium increased 16.9% to ₹8,074 crore versus ₹6,903.9 crore a year earlier. Operating profit rose 31.3% to ₹546 crore from ₹416 crore in the corresponding quarter.
Also Read: ICICI Lombard shares fall 4% as underwriting loss, multiple one-offs hitThe company reported an underwriting loss of ₹282.4 crore, compared with a loss of ₹209.7 crore in the year-ago period. The combined ratio improved to 101.2% from 102.5% on a year-on-year basis.

Gross direct premium income (GDPI) increased to ₹7,340 crore in Q4 FY2026 from ₹6,211 crore, reflecting 18.2% growth, compared with industry growth of 10.9%. Excluding crop and mass health segments, GDPI growth stood at 18.4%, compared with industry growth of 13.3%.

For FY2026, GDPI rose to ₹28,712 crore from ₹26,833 crore in FY2025, a growth of 7.0%, against industry growth of 9.2%. Excluding crop and mass health, GDPI growth was 10.2%, compared with industry growth of 13.3%.Also Read: ICICI Lombard says draft Q3 financials were accidentally shared on WhatsApp; internal inquiry underway

The combined ratio improved to 101.2% in Q4 FY2026 from 102.5% a year earlier. For FY2026, the combined ratio stood at 103.4% compared with 102.8% in FY2025. Return on average equity (ROAE) stood at 17.8% in FY2026 versus 19.1% in FY2025. In Q4 FY2026, ROAE was 13.3% compared with 14.5% a year ago.

The solvency ratio stood at 2.67x as of March 31, 2026, compared with 2.69x at December 31, 2025 and 2.69x a year earlier. The company said solvency was impacted by 14 basis points due to mark-to-market losses in its equity portfolio.

The board has recommended a final dividend of ₹7 per equity share for FY2026, subject to shareholder approval at the upcoming annual general meeting. Total dividend for FY2026 stands at ₹13.50 per share, compared with ₹12.50 in FY2025. The dividend is subject to the approval of shareholders at the upcoming annual general meeting.

Also Read: ICICI Lombard Q2 Results | Net profit rises 18%; gross premium up 2%, declares dividend of ₹6.5

Shares of ICICI Lombard General Insurance Co Ltd ended at ₹1,859.25, up by ₹74.40, or 4.17%, on the BSE.