Icici Lombard General Insurance Co. Ltd. · NSE:ICICIGI
Icici Lombard General Insurance — H1 FY2027 Earnings Presentation
38 slides from Icici Lombard General Insurance's earnings presentation, Oct 14, 2026
Slide 1: Cover letter to BSE and NSE
October 14, 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:
Slide 2: Cover letter signature and contact details
You are requested to kindly take the same on your records. Thanking you. Yours Sincerely, For ICICI Lombard General Insurance Company Limited Digitally signed by Vikas Vikas Mehra Mehra Date: 2026.10.14 18:57:24 +05'30' Vikas Mehra Company Secretary Encl. As above ICICI Lombard General Insurance Com
Slide 3: ICICI Lombard Quarter Two Results: Profit Soars by 27.5%
October 14, 2026 ICICI LOMBARD QUARTER TWO RESULTS: PROFIT SOARS BY 27.5% Declares Interim Dividend of ₹7.00 per share for Half Year • Gross Direct Premium Income (GDPI) of the Company, was at ₹ 151.10 billion in H1 FY2027 compared to ₹ 143.31 billion in H1 FY2026, a growth of 5.4%, as against the i
Slide 4: Profit after tax grew by 27.5% to ₹10.31 billion
• On “n” basis, Profit after tax (PAT) grew by 27.5% to ₹ 10.31 billion in Q2 FY2027 from ₹ 8.09 billion in Q2 FY2026. Return on Average Equity (RoAE) was at 23.7% in Q2 FY2027 compared to 21.3% in Q2 FY2026. • The Board of Directors of the Company has declared interim dividend of ₹ 7.00 per share f
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
Dis cla im e r 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 fo
Slide 7: H1 2027 Performance Review
H12027 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% 11.7% 2% 0.3% Others 5% 3% 5% 4% 3% 3% 12% 10% Crop 12% 15% Marine 29% 32% 37% Fire 31% Health, Travel & PA 20% 20% Motor TP 17% 18% Motor OD 20% 20% 18% 19% FY2025 FY2026 H12026 H12027 6 *Basis GDPI figures
Slide 13: Comprehensive Product Portfolio: Motor
Comprehensive Product Portfolio: Motor Motor GDPI Growth Motor Mix Type Q12027 Q22027 H12027 Q22026 Q22027 H12026 H12027 Private Car 3.7% 3.4% 3.6% 54.0% 49.8% 54.3% 49.8% Two-wheeler 21.4% 24.7% 23.0% 24.6% 27.4% 25.8% 28.1% Commercial Vehicle 34.0% 19.3% 26.0% 21.4% 22.8% 19.9% 22.1% Total 14.0% 1
Slide 14: Comprehensive Product Portfolio: Health
Comprehensive Product Portfolio: Health Health, Travel & PA GDPI Health, Travel & PA Mix Growth Type Q12027 Q22027 H12027 Q22026 Q22027 H12026 H12027 Individual 61.4% 59.7% 60.5% 30.4% 38.3% 22.6% 29.0% Group - Others -10.5% -13.0% -11.8% 19.5% 13.4% 15.7% 11.1% Group Employer-Employee 21.4% 22.2% 2
Slide 15: Comprehensive Product Portfolio: Commercial
Comprehensive Product Portfolio: Commercial Commercial GDPI Growth Commercial Mix Type Q12027 Q22027 H12027 Q22026 Q22027 H12026 H12027 Fire -32.1% -21.2% -28.5% 44.4% 34.5% 51.0% 39.6% Engineering 8.3% 8.3% 8.3% 16.0% 17.0% 13.9% 16.3% Marine Cargo 15.2% 49.8% 28.0% 10.4% 15.3% 10.4% 14.5% Liabilit
Slide 16: Focus on diversified Portfolio and Distribution
Focus on diversified Portfolio and Distribution Channel Mix 3% 3% 3% 3% 15% 16% 15% 16% Branches 12% 12% 11% 12% 345 Brokers 18% 15% 17% 13% 830 Individual Agents^ 170,215 Corporate Agents 52% 54% 54% 56% 351 Employees 15,231 FY2025 FY2026 H12026 H12027 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 • 99.4% policies issued • 97.0% of Motor Own • Differentiated service • Focused renewal execution electronically in H12027 Damage* and 99.2% of desks have been created usi
Slide 19: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 20: Financial Performance on 'n' basis
Financial Performance on ‘n’ basis On 'n' basis Particulars Q12026 Q12027 Q22026 Q22027 H12026 H12027 GDPI (₹ in billions) 80.54 87.39 69.57 72.84 150.12 160.23 GDPI Growth 4.8% 8.5% 3.5% 4.7% 4.2% 6.7% PAT (₹ in billions) 7.34 4.23 8.09 10.31 15.43 14.54 PAT Growth 26.5% -42.3% 16.5% 27.5% 21.1% -5
Slide 21: Financial Performance on '1/n' basis
Financial Performance on ‘1/n’ basis On '1/n' basis Particulars Q12026 Q12027 Q22026 Q22027 H12026 H12027 GDPI (₹ in billions) 77.35 83.18 65.96 67.92 143.31 151.10 GDPI Growth 0.6% 7.5% -1.9% 3.0% -0.5% 5.4% PAT (₹ in billions) 7.47 4.03 8.20 9.46 15.67 13.50 PAT Growth 28.7% -46.0% 18.1% 15.5% 22.
Slide 22: Financial Performance 'n' basis
Financial Performance ‘n’ basis ₹ billion Combined ratio (CoR) (%)* Return on average Equity (ROAE) (%) 105.2% 23.7% 104.5% 21.3% 20.7% 103.9% 18.5% 17.9% 16.8% 103.0% 102.6% 102.4% FY2025 FY2026 Q22026 Q22027 H12026 H12027 FY2025 FY2026 Q22026 Q22027 H12026 H12027 Profit before Tax (PBT) Growth Pro
Slide 23: Financial Performance 1/n basis
Financial Performance 1/n basis ₹ billion Combined ratio (CoR) (%)* Return on average Equity (ROAE) (%) 107.0% 107.0% 21.4% 21.7% 20.8% 105.1% 19.1% 17.8% 104.0% 15.5% 103.4% 102.8% FY2025 FY2026 Q22026 Q22027 H12026 H12027 FY2025 FY2026 Q22026 Q22027 H12026 H12027 Profit before Tax (PBT) Growth Pro
Slide 24: Robust Investment Performance
Robust Investment Performance ₹ billion Realised Return (%) Investment Book Investment Leverage1 3.74x 3.48x 3.57x 3.58x 8.42% 8.47% 643.32 584.21 562.00 535.08 4.55% 4.38% 2.19% 2.47% FY2025 FY2026 Q22026 Q22027 H12026 H12027 FY2025 FY2026 H12026 H12027 • Investment portfolio mix2 for H12027 : Corp
Slide 25: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 26: 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 27: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 28: General Insurance Industry – Steady growth through various phases of evolution
General Insurance Industry – Steady growth through various phases of evolution GDPI (₹ billion) 12.8% 5.4% FY2001 to FY2008 ICICI Lombard 73.3% Tariff era 14.5% 8.9% Industry growth CAGR - 16.6% CAGR/Growth ICICI Lombard growth CAGR - 73.3% (incorporated in FY2001, grew on a small 3,361.21 base) Ind
Slide 29: 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 30: Thank You
Qrcici€\ombard Thank You
Slide 31: Annexure
Annexure @icier€.ombard
Slide 32: Loss Ratio
Loss Ratio Particulars FY2025 FY2026 Q22026 Q22027 H12026 H12027 Motor 64.2% 66.3% 65.4% 61.7% 66.6% 65.4% Motor OD 65.2% 68.7% 70.1% 72.2% 68.5% 69.9% Motor TP 63.2% 63.8% 60.6% 51.3% 64.6% 60.8% Health,Travel & PA 82.2% 78.4% 77.3% 85.3% 79.0% 84.5% Fire 46.8% 52.6% 54.2% 67.5% 65.8% 90.2% Marine
Slide 33: 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# Gujarat 2026 - 50.00 5.93% 8.5%^ 10.5%^ Andhra Pradesh & Telangana floods 2024 170.00 5.00 4.76% 8.7% 10.6% Nor
Slide 34: 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 35: 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 36: 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 37: 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 38: Abbreviations & Glossary
Abbreviations & Glossary: AI - Artificial Intelligence LODR– Motor Third Party AT1 - Additional Tier-1 Mn – Million App - Application MS – Market Share AY – Accident Year MSCI - Morgan Stanley Capital International Bn - billion MSME – Micro, Small and Medium Enterprises BRSR – Business Responsibilit
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