ICICI Lombard General Insurance Company Limited reported a 46% decline in net profit to ₹403.17 crore for the quarter ended June 30, 2026, compared to ₹747.08 crore in the corresponding period of the previous year. The decline was primarily attributed to the recognition of claim reserves amounting to ₹16,500 lakhs following a Supreme Court judgment on June 11, 2026, regarding compensation for unpaid domestic work under the Motor Vehicles Act. Net Premium Written increased by 17.7% to ₹6,603.73 crore from ₹5,610.52 crore in Q1FY26.

Financial Performance

The Board of Directors approved the audited financial results for Q1FY27 on July 15, 2026. The Combined Ratio deteriorated to 107.2% from 102.9% in the previous year. Excluding the impact of the Supreme Court judgment and two large losses in the Fire segment, the company stated that its Profit After Tax (PAT) would have de-grown by 23.0% to ₹5.75 billion. The Solvency Ratio stood at 2.71, slightly improving from 2.70 in the prior year.

The following table summarises the key financial metrics for Q1FY27:

Operational Metrics & Outlook

Looking ahead, the company indicated that the Combined Ratio is expected to improve to 102%-103% in FY27, in line with historical trends. The company noted that the Supreme Court judgment supports the case for a Motor Third-Party Premium hike. The financial results were audited by joint statutory auditors Walker Chandiok & Co LLP and BSR & Co LLP.

Segment Performance

Segment-wise performance varied during the quarter. The Motor segment reported an underwriting loss of ₹2,452.1 crore, while the Health Group, Corporate segment recorded a loss of ₹3,017.3 crore. The Miscellaneous Group, Corporate segment posted a profit of ₹255.9 crore. Retail Health delivered robust growth of 69.5% for Q1FY27 against industry growth of 31.6%.

Corporate Actions

The Board approved a final dividend of ₹7 per equity share of face value ₹10 each for the year ended March 31, 2026. Additionally, the tenure of Mr. Vinod Mahajan, Chief Investment Officer, was extended for two years effective from May 1, 2027, to April 30, 2029.

ICICI Lombard General Insurance Company Ltd. recorded three notable block trades on the National Stock Exchange (NSE), reflecting significant institutional-level activity in the counter. The transactions were executed at varying price points, with the combined deal value amounting to ₹302.95 crores across all three trades.

NSE Block Trade Details

The following table summarises the key details of all three block trades recorded for ICICI Lombard General Insurance Company Ltd. on the NSE:

Transaction Overview

The first block trade was executed for approximately 376,418 shares at a price of ₹1545.50 per share, aggregating to a total deal value of ₹58.18 crores. The second block trade involved approximately 460,921 shares, transacted at ₹1566.20 per share, amounting to ₹72.19 crores. The latest and largest of the three transactions was executed for approximately 1,064,796 shares at ₹1620.80 per share, amounting to ₹172.58 crores. Across the three trades, the per-share price progressively increased from ₹1545.50 to ₹1620.80, reflecting a price difference of ₹75.30 between the first and the latest transaction. Block trades of this nature are typically associated with institutional investors and are executed outside the regular market order book to minimise price impact.