Icici Lombard General Insurance Co. Ltd. · NSE:ICICIGI

Icici Lombard General Insurance — Q1 FY2027 Earnings Presentation

32 slides from Icici Lombard General Insurance's earnings presentation, 2026

  1. Slide 1: Q1 FY2027 Performance Review

    Q12027 Performance Review

  2. 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

  3. Slide 3: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  4. Slide 4: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  5. Slide 5: Our Strategic Pillars

    Our Strategic Pillars Maintain market leadership and deliver steady ROE across multiple time periods 2. Comprehensive 1. Profitable Growth Product Portfolio & Ensuring sustainable and Diversified Distribution profitable growth while Product innovation ; maintaining our leadership Driving multiple ch

  6. Slide 6: A balanced product mix supported by a comprehensive product portfolio

    A balanced product mix supported by a Comprehensive Product portfolio* 11% 11% 11% 11% 2% 0.2% 0.03% Others 5% 3% 4% 4% 3% 12% 12% Crop 12% 19% Marine 29% 32% 39% Fire 34% Health, Travel & PA 20% 20% Motor TP 15% 17% Motor OD 20% 20% 16% 17% FY2025 FY2026 Q12026 Q12027 6 *Basis GDPI figures

  7. Slide 7: Comprehensive Product Portfolio: Motor

    Comprehensive Product Portfolio: Motor ₹ billion Motor GDPI Motor Mix Type Q12026 Q12027 Growth Q12026 Q12027 Private Car 13.38 13.87 3.7% 54.8% 49.8% Two-Wheeler 6.60 8.01 21.4% 27.0% 28.7% Commercial Vehicle 4.46 5.98 34.0% 18.2% 21.5% Total 24.44 27.86 14.0% 100.0% 100.0% • In the Motor segment,

  8. Slide 8: Comprehensive Product Portfolio: Health

    Comprehensive Product Portfolio: Health ₹ billion Health, Travel & PA GDPI Health, Travel & PA Mix Type Q12026 Q12027 Growth Q12026 Q12027 Individual 4.45 7.18 61.4% 17.1% 22.3% Group - Others 3.39 3.04 -10.5% 13.1% 9.4% Group Employer-Employee 18.08 21.95 21.4% 69.7% 68.1% Mass 0.03 0.06 71.7% 0.1%

  9. Slide 9: Comprehensive Product Portfolio: P & C

    Comprehensive Product Portfolio: P & C ₹ billion Property & Casualty (P&C) GDPI Property & Casualty (P&C) Mix Type Q12026 Q12027 Growth Q12026 Q12027 Fire 14.68 9.97 -32.1% 54.8% 43.2% Engineering 3.38 3.66 8.3% 12.6% 15.9% Marine Cargo 2.79 3.21 15.2% 10.4% 13.9% Liability 2.07 1.88 -9.1% 7.7% 8.2%

  10. Slide 10: Focus on diversified Portfolio and Distribution

    Focus on diversified Portfolio and Distribution Channel Mix 3% 3% 3% 3% 15% 16% 14% 15% Branches 12% 10% 10% 12% 341 15% 14% Brokers 18% 15% 814 Individual Agents^ 163,057 Corporate Agents 54% 58% 58% 339 52% Employees 15,377 FY2025 FY2026 Q12026 Q12027 Brokers Direct Corporate Agents Individual Age

  11. Slide 11: Risk Management

    Risk Management Value Added Reinsurance Reserving Investments Underwriting Services • Risk Committee* • Proactive risk • Spread of risk through • Conservative • High proportion of Debt top quality and portfolio in sovereign or framework for risks management for reserving philosophy diversified reins

  12. Slide 12: Technology has helped us optimise processes and better serve our customers

    Technology has helped us optimise processes and better serve our customers Customer sourcing Claims payment Call centre Renewals • 99.7% policies issued • 97.3% of Motor Own • Differentiated service • Focused renewal execution electronically in Q12027 Damage* and 99.0% of desks have been created usi

  13. Slide 13: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  14. Slide 14: Key Highlights

    Key Highlights ₹ billion Particulars FY2025 FY2026 Q12026 Q12027 Financials Gross Written Premium 282.58 306.18 80.53 88.60 Gross Direct Premium Income 268.33 287.12 77.35 83.18 GDPI Growth 8.3% 7.0% 0.6% 7.5% * Profit after Tax 25.08 27.72 7.47 4.03 Ratios * Combined Ratio (CoR) 102.8% 103.4% 102.9

  15. Slide 15: Financial Performance

    Financial Performance Particulars On n basis On 1/n basis (₹ in billions) Q12027 Q12027 GDPI 87.39 83.18 GDPI Growth 8.5% 7.5% * PAT 4.23 4.03 PAT Growth -42.4% -46.0% * Return on Average Equity (RoAE) 10.1% 9.6% * Combined Ratio (CoR) 106.1% 107.2% Investment Leverage (x) 3.59 3.57 *Excluding the i

  16. Slide 16: Financial Performance

    Financial Performance ₹ billion Combined ratio (CoR) (%) Return on average Equity (ROAE) (%) * 107.2% 102.8% 103.4% 102.9% 20.5% 19.1% 17.8% * 9.6% FY2025 FY2026 Q12026 Q12027 FY2025 FY2026 Q12026 Q12027 Profit before Tax (PBT) Growth Profit after Tax (PAT) Growth 10.2% -46.1% 10.5% -46.0% 36.59 33.

  17. Slide 17: Robust Investment Performance

    Robust Investment Performance ₹ billion 1 Realised Return (%) Investment Book Investment Leverage 3.74x 3.48x 3.74x 3.57x 8.42% 8.47% 584.21 605.79 535.08 554.53 2.32% 1.87% FY2025 FY2026 Q12026 Q12027 FY2025 FY2026 Q12026 Q12027 • Investment portfolio mix2 for Q12027 : Corporate bonds 36.3%, G-Sec

  18. Slide 18: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  19. Slide 19: Driving Impact: ESG Measures

    Driving Impact: ESG Measures Environmental Management Social - Building an Inclusive Future Strong Governance Operating Practices Fostering Inclusivity through Sustainable Board Oversight Products • Accelerating the use of renewable power • CSR & Sustainability Committee oversees for electricity con

  20. Slide 20: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  21. Slide 21: General Insurance Industry – Steady growth through various phases of evolution

    General Insurance Industry – Steady growth through various phases of evolution GDPI (₹ billion) 12.8% 7.5% FY2001 to FY2008 ICICI Lombard 73.3% Tariff era 14.5% 10.9% Industry growth CAGR - 16.6% CAGR/Growth ICICI Lombard growth CAGR - 73.3% (incorporated in FY2001, grew on a small 3,361.21 base) In

  22. Slide 22: Non-Life Insurance Market: Large TAM in India

    Non - Life Insurance Market: Large TAM* in India Non-life premium in USD billion 2,715.51 Significantly underpenetrated 9.4 Premium as a % of GDP (CY24) 98.03 5.3 India: US$ EA^: US$ World: US$ 150.43 9.66 80.94 348.06 40.97 36.32 13.98 8.52 36.32 billion 417.37 billion 4,601.69 billion 2.6 2.4 2.0

  23. Slide 23: Thank You

    Qrcici€\ombard Thank You

  24. Slide 24: Annexure

    @icier€.ombard Annexure ‘ae on wv

  25. Slide 25: Loss Ratio

    Loss Ratio Particulars FY2025 FY2026 Q12026 Q12027 Motor 64.2% 66.3% 67.8% 69.1% Motor OD 65.2% 68.7% 66.9% 67.6% Motor TP 63.2% 63.8% 68.7% 70.6% Health,Travel & PA 82.2% 78.4% 80.8% 83.5% Crop 89.2% 95.2% 78.2% -335.1% Fire 46.8% 52.6% 80.6% 118.3% Marine 79.8% 90.9% 81.5% 81.5% Engineering 36.8%

  26. Slide 26: Impact of catastrophic events: Historical snapshot

    Impact of catastrophic events: Historical snapshot ₹ billion Economic Insured IL’s Share of IL’s Market IL’s P&C Catastrophic Event Year Losses* losses* Insured losses share# Market share# Andhra Pradesh & Telangana floods 2024 - 5.00 4.76% 8.7% 10.6% North India floods 2024 - 4.00 6.19% 8.7% 10.6%

  27. Slide 27: Reserving Triangle Disclosure: Total

    1 Reserving Triangle Disclosure: Total ₹ billion Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2026 Prior* AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 AY 26 End of First Year 276.28 59.24 62.46 77.00 87.33 83.76 101.17 114.84 130.33 152.39 170.49 One year later

  28. Slide 28: Reserving Triangle Disclosure: IMTPIP

    Reserving Triangle Disclosure: IMTPIP Incurred Losses and Allocated Expenses (Ultimates movement) As at March 31, 2026 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 ₹ billion Two years later 4.49 3.85 3.54 Three years later 5.81 4.49 5.52 3.61 AY: Accident Year

  29. Slide 29: 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, 2026 Prior* AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 AY 26 End of First Year 58.55 17.05 19.98 24.41 31.55 25.15 28.07 35.39 38.07 40.80 42.45 One

  30. Slide 30: 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, 2026 Prior* AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 AY 26 End of First Year 217.72 42.19 42.48 52.58 55.78 58.61 73.11 79.46 92.26 111.59 128.04 On

  31. Slide 31: Customer Initiatives

    Customer Initiatives Call Centre Claims NPS Health NPS at the Call Centre Cashless & Non-cashless 60 76 77 71 83 77 78 71 71 75 75 76 84 82 In Q1 2026 In Q1 2027 67 63 70 69 72 60 65 68 63 71 65 57 Growth in digital servicing adoption: 71% (FY2022 >> FY2026) Of the total service Q1-24Q2-24Q3-24Q4-24

  32. Slide 32: Abbreviations & Glossary

    Abbreviations & Glossary: AI - Artificial Intelligence J&K – Jammu & Kashmir AT1 - Additional Tier-1 LODR - Listing Obligations and Disclosure Requirements App - Application Motor TP – Motor Third Party AY – Accident Year Mn – Million AUM - Assets Under Management MS – Market Share Bn - billion MSCI

ICICI Lombard General Insurance Company — Q1 FY2027 Earnings Presentation on 6ix