The insurer’s combined ratio was 107 per cent in the July-September quarter as against 105 per cent in Q2 FY2026.
The company had an underwriting loosses of Rs 318 crore, up 78 per cent in Q2FY27.
Mumbai: With higher premium and investment income, ICICI Lombard General Insurance, the second largest general insurer in the country, has reported a net profit of Rs 946 crore, up 15.5 per cent year-on-year(Y-oY) for the September quarter of FY27.
The general insurer had mobilised a gross premium of Rs 7,702 crore, up nine per cent Y-O-Y in the reporting period.
The insurer’s combined ratio was 107 per cent in the July-September quarter as against 105 per cent in Q2 FY2026.
The company had an underwriting loosses of Rs 318 crore, up 78 per cent in Q2FY27.
It had an investment income of Rs 1554 crore in Q2 FY2027 as against Rs 1249 crore in Q2 FY2026, said a company statement on Wednesday.
The general insurer had catastrohe losses of Rs 118 crores in Q2 FY2027 as against Rs 73 crore in Q2 FY2026.
It had a incurred claim ratio(ICR) of 72.70 percent in Q2FY27 as against 72.10 per cent in the corresponding quarter of FY 26.
The insurer had paid total claims of Rs 4,652 crore, up 42 per cent Y-O-Y, during the reporting quarter.
The company had expenses of management (EoM) of 36.30 per cent in Q2FY27 compared to 31.9 per cent in Q2FY26.
It had underwriting losses in some of its major portfolios including Motor, Health(both retail and group),Crop and Marine during the reporting quarter.
The board of directors of the insurer has declared interim dividend of ₹ 7.00 per share for H1 FY2027 as against ₹ 6.50 per share for H1 FY2026.