Icici Lombard General Insurance Co. Ltd. · NSE:ICICIGI
Icici Lombard General Insurance — Q1 FY2026 Earnings Presentation
32 slides from Icici Lombard General Insurance's earnings presentation, 2025
Slide 1: Q1 2026 Performance Review
Q12026 Performance Review
Slide 2: Safe harbor
Safe harbor : Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will' , 'would' , ‘indicating’ , ‘expected to’ etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These f
Slide 3: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 4: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 5: Pillars of Strength
Pillars of Strength Consistent Market Diverse products Excellence in Risk Capital Leadership and and multi-channel Customer service Management Conservation growth distribution and Technology • Leading private sector • Comprehensive and • Leveraging on • Profitable growth • Maintain high level of non
Slide 6: Key Highlights
Key Highlights Particulars FY2024 FY2025* Q12025 Q12026* (₹ billion) Actual Actual Actual Actual Gross Written Premium 255.94 282.58 79.31 80.53 Gross Direct Premium Income (GDPI) 247.76 268.33 76.88 77.35 GDPI Growth 17.8% 8.3% 20.4% 0.6% Combined Ratio (CoR) 103.3% 102.8% 102.3% 102.9% Profit afte
Slide 7: Comprehensive Product Portfolio
Comprehensive Product Portfolio Product Mix 11% 11% 11% 12% 0% Others 4% 5% 3% 4% 3% 3% 4% Crop 14% 12% 17% 19% Marine 29% 29% Fire 34% 34% Health, Travel & PA 20% 20% Motor TP 15% 15% Motor OD 19% 20% 16% 16% FY2024 FY2025 Q12025 Q12026 Diversified product mix– motor, health, travel & personal ac
Slide 8: Comprehensive Product Portfolio: Motor
Comprehensive Product Portfolio: Motor ₹ billion Motor GDPI and Mix Industry leading position in Type Q12025 Q12026 Growth Q12025 Q12026 Q12026 with market share of Private Car 12.19 13.38 9.8% 51.5% 54.8% 10.5% Two-wheeler 6.16 6.60 7.1% 26.0% 27.0% In the backdrop of elevated Commercial Vehicl
Slide 9: Comprehensive Product Portfolio: Health
Comprehensive Product Portfolio: Health* ₹ billion Health, Travel & PA GDPI and Mix Investments made towards Health Type Q12025 Q12026 Growth Q12025 Q12026 distribution have helped Retail Health Individual 3.22 4.45 38.2% 12.5% 17.1% grow by 32.2% for Q12026 Group - Others 5.35 3.39 (36.6%) 20.7%
Slide 10: Comprehensive Product Portfolio: P & C
Comprehensive Product Portfolio: P & C ₹ billion Property & Casualty (P&C) Market Share Property & Casualty 68.6% 60.0% 74.9% 71.8% Product Q12025 Q12026 Fire 13.9% 13.1% 68.51 69.95 Engineering 18.7% 19.0% Marine Cargo 22.6% 20.7% 25.08 26.77 Liability 19.1% 17.1% FY2024 FY2025 Q12025 Q12026 Loss R
Slide 11: Digital Opportunities
Digital Opportunities Service Excellence Policy Issuance Claims & Servicing ILTakeCare App 8.9 Mn Policies sourced 1.0 Mn Claims processed 16.6 Mn+ ILTakeCare user downloads (14.9 Mn+ 99.7% issued electronically 68 claims NPS for Health and at March 31, 2025) (98.9% in Q12025) Motor claims in FY2025
Slide 12: Risk Management
Risk Management Underwriting Reinsurance Predictive ultimate loss model to improve risk selection Spread of risk across panel of quality re-insurers Diversified exposure across geographies and products Conservative level of catastrophe (CAT) protection Historically lower proportion of loss
Slide 13: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 14: Financial Performance
Financial Performance Combined ratio (CoR) (%) ₹ billion Return on average Equity (ROAE) (%) 103.3% 102.8% * 102.9%* 20.5% 102.3% 19.1% 19.1% 17.2% FY2024 FY2025 Q12025 Q12026 FY2024 FY2025 Q12025 Q12026 Profit before Tax (PBT) Growth Profit after Tax (PAT) Growth 30.0% 30.7% 33.21 25.08 25.55 19.19
Slide 15: Robust Investment Performance
Robust Investment Performance ₹ billion 2 Realised Return (%) Investment Book Investment Leverage 4.09x 3.74x 4.14x 3.74x 7.98% 8.42% 535.08 554.53 510.04 489.07 1 1 2.21% 2.32% FY2024 FY2025 Q12025 Q12026 FY2024 FY2025 Q12025 Q12026 Investment portfolio mix3 for Q12026 : Corporate bonds 49.3%, G-
Slide 16: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 17: Driving Sustainability in Operations
Driving Sustainability in Operations Operational Eco- Environment friendly Climate Risk efficiency business practices Management • Focused efforts towards • Creating capacities and developing • Board Approved Climate Risk decarbonisation innovative risk solutions that aid Management Framework coveri
Slide 18: Building an Inclusive Future
Building an Inclusive Future Addressing Creating value for Enabling community customer needs employees awareness & development • “One IL One Team” philosophy with a focus • Supplier Code of Conduct to promote ethical • Product & services enabling inclusiveness and sustainable business practices acro
Slide 19: Robust Governance
Robust Governance Information & Cyber Governance Structure Corporate Policies Security • CSR & Sustainability Board Committee • Zero tolerance approach towards • Dedicated Information Security oversight sustainability activities fraud, bribery and corruption Committee, Information Technology Strateg
Slide 20: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 21: General Insurance Industry – Steady growth through the various phases of evolution
General Insurance Industry – Steady growth through the various phases of evolution GDPI (₹ billion) FY2001 to FY2008 13.1% 0.6% ^ Tariff era Industry growth CAGR - 16.6% 73.3% IL growth CAGR - 73.3% IL (incorporated in FY2001, grew on a CAGR/Growth 8.8% ^ small base) 14.8% 3,076.59 ^ FY2008 to FY202
Slide 22: Non-life Insurance Market: Large TAM
Non - life Insurance Market : Large TAM* Significantly underpenetrated 9.4 Premium as a % of GDP (CY24) 5.3 India: US$ EA^: US$ World: US$ 2.6 2.4 2.0 36.32 billion 417.37 billion 4,601.69 billion 1.9 1.9 1.0 0.7 0.6 Non-Life Insurance Density 2nd largest non-life insurance market in Emerging (Pre
Slide 23: Thank You
Qrcic1Giombard Thank You
Slide 24: Annexure
D Icict€ombard Annexure ONEIL Team
Slide 25: Loss Ratio
Loss Ratio Particulars FY2024 FY2025 Q12025 Q12026 Motor OD 63.5% 65.2% 64.3% 66.9% Motor TP 66.8% 63.2% 69.3% 68.7% Health, Travel & PA 78.9% 82.2% 83.6% 80.8% Crop 88.4% 89.2% 109.0% 78.2% Fire 62.2% 46.8% 78.5% 80.6% Marine 73.4% 79.8% 78.4% 81.5% Engineering 63.8% 36.8% 53.3% 67.4% Other 72.2% 6
Slide 26: Financial Performance
Financial Performance Particulars On n basis On 1/n basis (₹ billion) Q12026 Q12026 GDPI 80.54 77.35 GDPI Growth 4.8% 0.6% PAT 7.34 7.47 PAT Growth 26.5% 28.7% Return on Average Equity 20.3% 20.5% Combined Ratio (CoR) 102.2% 102.9% Investment Leverage 3.77x 3.74x With effect from October 1, 2024, Lo
Slide 27: Impact of catastrophic events: Historical snapshot
Impact of catastrophic events: Historical snapshot ₹ billion Economic Insured Our Share of Catastrophic Event Year Losses* losses* Insured losses Andhra Pradesh & Telangana floods 2024 - 5.00 4.72% North India floods 2024 - 4.00 6.33% Gujarat floods 2024 - 22.00 5.54% Cyclone Michaung 2023 120.00 25
Slide 28: Reserving Triangle Disclosure: Total
Reserving Triangle Disclosure: Total1 ₹ billion Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2025 Prior* AY 16 AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 End of First Year 226.65 49.39 59.24 62.46 77.00 87.33 83.76 101.17 114.84 130.33 152.39 One year later 2
Slide 29: Reserving Triangle Disclosure: IMTPIP
Reserving Triangle Disclosure: IMTPIP ₹ billion Incurred Losses and Allocated Expenses (Ultimates movement) As at March 31, 2025 AY 08 AY 09 AY 10 AY 11 AY 12 AY 13 End of First Year 2.71 One year later 3.85 2.72 Two years later 4.49 3.85 3.54 Three years later 5.81 4.49 5.52 3.61 Four years later 6
Slide 30: Reserving Triangle Disclosure: Motor-TP (excl. IMTPIP)
Reserving Triangle Disclosure: Motor-TP (excl. IMTPIP) ₹ billion Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2025 Prior* AY 16 AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 End of First Year 41.81 15.97 17.05 19.98 24.41 31.55 25.15 28.07 35.39 38.07 40.80 One
Slide 31: Reserving Triangle Disclosure: Total (excl. Motor-TP)
Reserving Triangle Disclosure: Total (excl. Motor-TP) ₹ billion Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2025 Prior* AY 16 AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 End of First Year 184.84 33.42 42.19 42.48 52.58 55.78 58.61 73.11 79.46 92.26 111.59 One
Slide 32: Abbreviations & Glossary
Abbreviations & Glossary: AI - Artificial Intelligence IMTPIP – Indian Motor Third Party Insurance Pool AT1 - Additional Tier-1 InvIT- Infrastructure Investment Trust App - Application IoT – Internet of Things AY – Accident Year IRDAI – Insurance Regulatory and Development Authority of India BRSR –
ICICI Lombard General Insurance Company — Q1 FY2026 Earnings Presentation on 6ix