Icici Lombard General Insurance Co. Ltd. · NSE:ICICIGI
Icici Lombard General Insurance — Q1 FY2027 Earnings Presentation
38 slides from Icici Lombard General Insurance's earnings presentation, Jul 15, 2026
Slide 1: Cover letter to stock exchanges
July 15, 2026 To, The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot C/1 Dalal Street G Block, Bandra Kurla Complex, Mumbai – 400 001 Mumbai – 400 051 Scrip code: Equity (BSE: 54
Slide 2: Performance for the quarter ended June 30, 2026
July 15, 2026 PERFORMANCE FOR THE QUARTER ENDED JUNE 30, 2026 ICICI Lombard Profit dips on account of exceptional items; Builds momentum on new business Gross Direct Premium Income (GDPI) of the Company, was at ₹ 83.18 billion in Q1 FY2027 compared to ₹ 77.35 billion in Q1 FY2026, a growth of 7.5%
Slide 3: PBT and PAT decline; ROAE and solvency ratio
Profit before tax (PBT) de-grew by 46.1% to ₹ 5.36 billion in Q1 FY2027 compared to ₹ 9.94 billion in Q1 FY2026. Consequently, Profit after tax (PAT) de-grew by 46.0% to ₹ 4.03 billion in Q1 FY2027 compared to ₹ 7.47 billion in Q1 FY2026. o Excluding the impact of the two large losses in Fire se
Slide 4: Operating Performance on a 1/n basis
Operating Performance on a 1/n basis: (₹ billion) Financial Q1 FY2026 Q1 FY2027 Growth % FY2026 Indicators GDPI 77.35 83.18 7.5% 287.12 PBT 9.94 5.36 (46.1%) 36.59 PAT 7.47 4.03 (46.0%) 27.72 Ratios on a 1/n basis: Financial Indicators Q1 FY2026 Q1 FY2027 FY2026 ROAE – Annualised 20.5% 9.6%* 17.8% C
Slide 5: About ICICI Lombard General Insurance Company Limited
About ICICI Lombard General Insurance Company Limited ICICI Lombard is the leading private general insurance company in the country. The Company offers a comprehensive and well-diversified range of products through multiple distribution channels, including motor, health, crop, fire, personal acciden
Slide 6: Disclaimer
Disclaimer 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 forwar
Slide 7: Q1 2027 Performance Review
Q12027 Performance Review
Slide 8: 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
Slide 9: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 10: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 11: 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
Slide 12: 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
Slide 13: 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,
Slide 14: 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%
Slide 15: 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%
Slide 16: 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
Slide 17: 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
Slide 18: 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
Slide 19: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 20: 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
Slide 21: 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
Slide 22: 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.
Slide 23: 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
Slide 24: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 25: 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
Slide 26: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 27: 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
Slide 28: 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
Slide 29: Thank You
Qrcici€\ombard Thank You
Slide 30: Annexure
Annexure @icier€.ombard
Slide 31: 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%
Slide 32: 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%
Slide 33: 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
Slide 34: 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
Slide 35: 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
Slide 36: 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
Slide 37: 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
Slide 38: 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
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