Profit after tax (PAT) on a 1/n basis grew by 10.5% to Rs27.72 billion in FY2026 compared to Rs25.08 billion in FY2025.
FinTech BizNews Service
Mumbai, April 15, 2026: ICICI Lombard General Insurance Company today announced its Q4 FY2026 results. The Board of Directors of the Company has proposed a final dividend of Rs 7.00 per share for FY2026.
Combined Ratio for Q4 FY2026 was 101.2% as against 102.5% in Q4 FY2025 driven by growth in Gross Direct Premium Income (GDPI) of 18.2% in Q4 FY2026 vs Industry growth of 10.9%
Gross Direct Premium Income (GDPI) of the Company on a 1/n basis was at Rs
287.12 billion in FY2026 compared to Rs 268.33 billion in FY2025, a growth of
7.0%, as against the industry growth of 9.2%. Excluding Crop and Mass Health,
GDPI growth of the Company on a 1/n basis was at 10.2% as against the
industry growth of 13.3% in FY2026.
o GDPI of the Company on a 1/n basis was at Rs 73.40 billion in Q4 FY2026
compared to Rs 62.11 billion in Q4 FY2025, a growth of 18.2%, as against
the industry growth of 10.9%. Excluding Crop and Mass Health, GDPI
growth of the Company on a 1/n basis was at 18.4%, as against the
industry growth of 13.3% in Q4 FY2026.
Combined ratio on a 1/ n basis was at 103.4% in FY2026 compared to 102.8% in
FY2025. Combined ratio on n basis was at 102.4% in FY2026 compared to
102.6% in FY2025.
o Combined ratio on a 1/n basis was at 101.2% in Q4 FY2026 compared to
102.5% in Q4 FY2025. Combined ratio on n basis was at 100.5% in Q4
FY2026 compared to 102.1% in Q4 FY2025.
Profit before tax (PBT) on a 1/n basis grew by 10.2% to Rs 36.59 billion in
FY2026 compared to Rs 33.21 billion in FY2025.
o PBT on a 1/n basis grew by 7.5% to Rs 7.18 billion in Q4 FY2026
compared to Rs 6.68 billion in Q4 FY2025.
Consequently, Profit after tax (PAT) on a 1/n basis grew by 10.5% to Rs 27.72
billion in FY2026 compared to Rs 25.08 billion in FY2025. PAT on an n basis
grew by 14.1% to Rs 27.61 billion in FY2026 compared to Rs 24.19 billion in
FY2025.
o PAT on a 1/n basis grew by 7.3% to Rs 5.47 billion in Q4 FY2026 from Rs
5.10 billion in Q4 FY2025. PAT on n basis grew by 15.6% to Rs 5.39 billion
in Q4 FY2026 from Rs 4.66 billion in Q4 FY2025.
The Board of Directors of the Company has proposed a final dividend of Rs 7.00
per share for FY2026. This payment is, however, subject to approval of
shareholders in the ensuing Annual General Meeting of the Company. The overall
dividend for FY2026, including the proposed final dividend, is Rs 13.50 per share.
Last year, the overall dividend was Rs 12.50 per share.
Return on Average Equity (ROAE) on a 1/n basis was at 17.8% in FY2026
compared to 19.1% in FY2025.
o ROAE on a 1/n basis was at 13.3% in Q4 FY2026 compared to 14.5% in
Q4 FY2025.
Solvency ratio was at 2.67x as at March 31, 2026 as against 2.69x as at
December 31, 2025 which was higher than the minimum regulatory requirement of
1.50x.
o The solvency was impacted by 14 basis points, as an outcome of the Mark to Market losses experienced on the equity portfolio as at March 31,2026.
Solvency ratio was at 2.69x as at March 31, 2025.
