ICICI Lombard: Growth Of 7.5% In Q1 GDPI; Excluding the impact of the two large fire losses and the Supreme Court judgement on the Motor TP portfolio, the combined ratio stood at 102.3% in Q1 FY2027 compared to 102.2% in Q1 FY2026.
FinTech BizNews Service
Mumbai, July 15, 2026: ICICI Lombard’s Profit has dipped on account of exceptional items. The company is building momentum on new business.
Gross Direct Premium Income (GDPI) of the Company, was at Rs 83.18 billion in Q1 FY2027 compared to Rs 77.35 billion in Q1 FY2026, a growth of 7.5%, as against the industry growth of 10.9%.
Combined ratio (CoR) on 1/n basis stood at 107.2% in Q1 FY2027 compared to 102.9% in Q1 FY2026.
On an “n” basis, the Combined ratio stood at 106.1% in Q1 FY2027 compared to 102.2% in Q1 FY 2026. Combined ratio for Q1 FY2027 included the following:
Incurred two large losses under fire segment to the tune of Rs 0.63 billion, impacting the CoR by 1.0%.
Judgement of the Honourable Supreme court resulted in an increase in claim reserves of Rs 1.65 billion in our Motor TP portfolio. This had an additional impact on our combined ratio of 2.8%.
o Excluding the impact of the above, the Combined ratio for Q1 FY2027 stood at 102.3% as against 102.2% for Q1 FY2026.
Investment income was at Rs 11.74 billion in Q1 FY2027 as against Rs 12.88 billion in Q1 FY2026.
o Our capital gains (net of impairment on investment assets) stood at Rs 1.83 billion in Q1 FY2027 compared to Rs 3.80 billion in Q1 FY2026.
Profit before tax (PBT) de-grew by 46.1% to Rs 5.36 billion in Q1 FY2027 compared to Rs 9.94 billion in Q1 FY2026.
