Combined ratio in Q2 FY2026 was 105.1 per cent as compared to 104.5 per cent in Q2 FY25. Company’s underwriting losses have dipped to Rs178 crore in the second quarter of the current fiscal from Rs160 crore in Q2FY26. The insurer, at 31.9 per cent, has breached regulatory permitted expenses of management(EoM ) limit during Q2FY26
Mumbai: ICICI Lombard General Insurance, the country’s second largest general insurer, has increased its net profit by 18 per cent year-on-year(Y-o-Y) to Rs 820 crore in the quarter ended September.
The board approved an interim dividend of Rs 6.5 per share, up from Rs 5.5 per share in H1 FY2025.
The insurer’s gross premium has gone up marginally by 1.61percent Y-O- Y to Rs 7,058.6 crore, as compared to Rs 6,946.3 crore in the year-ago period.
The company’s combined ratio, a key measure of underwriting profitability, deteriorated to 105.1% in Q2FY 26 from 104.5% a year earlier.
Excluding catastrophe losses of Rs 73 crore in Q2 FY26 and Rs 94 crore in Q2 FY2025, the combined ratio was 103.8 per cent and 102.6 per cent respectively.
For H1 FY26, the combined ratio stood at 104.0 per cent as compared to 103.2 per cent in H1 FY2025; excluding CAT losses, it was 103.3 per cent against 102.2 per cent in corresponding period of the last year.
The company’s underwriting losses have dipped to Rs 178 crore in the second quarter of the current fiscal from Rs 160 crore in Q2FY26.
The insurer, at 31.9 per cent, has breached regulatory permitted expenses of management(EoM ) limit during Q2FY26 as against 29.80 per cent in Q2FY25.
The total income of the insurer rose 12.5 per cent to Rs 6,583 crore while its expenses has risen almost as much to Rs 5,830 crore during the reporting period.
The incurred claim ratio of ICICI Lombard General Insurer has risen marginally to72.1 per cent in Q2FY26 from 71.40 per cent in Q2FY 25
The insurer has managed to make underwriting profit from portfolios like Fire and Health(Retail and government business) but has suffered underwriting losses in portfolios like Marine, Crop, Health(Group and Corporate ) and Motor.