The insurer’s net premium earned rose 15.9% year-on-year to ₹5,950 crore, compared with ₹5,136 crore in the corresponding quarter last year, reflecting continued growth in its core insurance business.
The combined ratio – a key measure a measure of underwriting profitability of an insurance company after factoring claims expenses and operating expenses – stood at 107.2%, compared with 102.9% a year ago and 101.2% in the March quarter.
Company said its investment income declined to ₹1,174 crore in the quarter from ₹1,288 crore a year earlier. Net capital gains, after impairment on investment assets, fell to ₹183 crore from ₹380 crore in the year-ago period.
The company’s return on average equity (ROAE) dropped to 9.6% from 20.5% a year ago.
ICICI Lombard’s solvency ratio improved to 2.71 times as of June 30, 2026, from 2.67 times at the end of March and remained well above the regulatory requirement of 1.50 times.
The insurer also said 99.7% of its policies were issued electronically during the quarter, unchanged from the corresponding period last year.
Earlier on July 14, the firm had informed that it has received an arbitration award directing the company to pay ₹776.73 million (₹77.67 crore) to an insured party, along with interest at 7.5% per annum from the date of filing of the Statement of Claim until the date of payment.
The arbitration award was passed by an Arbitral Tribunal in relation to a dispute involving Roadway Solutions Narayanpur Roads Project Private Ltd, an insured entity.
Ahead of the earning announcements, shares of ICICI Lombard General Insurance Co. Ltd. ended at ₹1,815.00 on the NSE on July 15, gaining ₹26.90, or 1.50%, from the previous close.
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