ICICI Lombard Q4 Net Profit Jumps 7.3% to ₹5.46 Billion, Declares ₹7 Dividend

3 min read     Updated on 16 Apr 2026, 07:08 PM
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AI Summary

ICICI Lombard General Insurance delivered strong Q4FY26 results with net profit growing 7.30% to ₹546.56 crores and total income increasing 16.90% to ₹8,07,370 lakhs. For FY26, the company achieved net profit of ₹2,771.94 crores, up 10.50% YoY, with net worth reaching ₹16,806.92 crores. The Board declared a final dividend of ₹7 per share and appointed Mr. Shyam Srinivasan as Independent Director, while publishing audited results in newspapers under regulatory compliance.

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ICICI Lombard General Insurance Company Limited announced strong Q4FY26 financial results with net profit rising 7.30% to ₹5.46 billion compared to ₹5.10 billion in the corresponding quarter last year. The company also declared a final dividend of ₹7 per share and reported improved operational metrics during its board meeting held on April 15, 2026. The company published these audited financial results in newspapers pursuant to Regulation 47 of SEBI Listing Regulations.

Strong Q4FY26 Financial Performance

The company delivered robust quarterly performance with significant growth across key financial metrics. Total income from operations for Q4FY26 reached ₹8,07,370 lakhs compared to ₹6,90,394 lakhs in the previous year, marking substantial growth in the quarter.

Financial Metric: Q4FY26 Q4FY25 Growth
Net Profit After Tax: ₹546.56 crores ₹509.59 crores +7.30%
Total Income from Operations: ₹8,07,370 lakhs ₹6,90,394 lakhs +16.90%
Profit Before Tax: ₹718.20 crores ₹668.20 crores +7.50%
Basic EPS: ₹10.97 ₹10.29 +6.61%
Diluted EPS: ₹10.89 ₹10.20 +6.76%

The company's quarterly performance demonstrates strong operational efficiency with improved profitability metrics across all key parameters.

Dividend Declaration

The Board of Directors recommended a final dividend of ₹7.00 per equity share of face value ₹10 each for FY26, representing a dividend rate of 70%. This recommendation is subject to approval by shareholders at the upcoming Annual General Meeting.

Dividend Details: Amount
Final Dividend: ₹7.00 per share
Interim Dividend: ₹6.50 per share
Total FY26 Dividend: ₹13.50 per share
Previous Year Dividend: ₹12.50 per share
Dividend Rate: 70%

Combined with the interim dividend of ₹6.50 per share paid during the year, the total dividend for FY26 amounts to ₹13.50 per share, compared to ₹12.50 per share in the previous year.

Annual Financial Performance for FY26

The company delivered strong financial performance for the fiscal year 2026, demonstrating growth across key metrics with comprehensive improvement in operational parameters.

Financial Metric: FY26 FY25 Growth
Total Income from Operations: ₹30,61,809 lakhs ₹28,25,774 lakhs +8.40%
Net Profit After Tax: ₹2,771.94 crores ₹2,508.29 crores +10.50%
Profit Before Tax: ₹3,658.93 crores ₹3,321.31 crores +10.20%
Basic EPS: ₹55.74 ₹50.74 +9.90%
Diluted EPS: ₹55.24 ₹50.25 +9.93%
Net Worth: ₹16,806.92 crores ₹14,303.10 crores +17.50%

The company's net worth increased significantly to ₹16,806.92 crores from ₹14,303.10 crores in the previous year, reflecting strong balance sheet growth and improved financial position.

Key Board Appointments

New Independent Director

The Board approved the appointment of Mr. Shyam Srinivasan (DIN: 02274773) as Additional Director in the category of Non-executive, Independent Director for a five-year term from April 15, 2026, to April 14, 2031, subject to shareholder approval.

Appointment Details: Information
Name: Mr. Shyam Srinivasan
Position: Non-executive, Independent Director
Term: 5 years (April 15, 2026 to April 14, 2031)
Previous Role: Managing Director & CEO of Federal Bank
Key Achievements: Business Standard Banker of the Year (2020), Forbes Icon of the Year (2025)

Mr. Srinivasan brings over three decades of experience in banking and financial services, having previously served as Managing Director & CEO of Federal Bank for fourteen years until his retirement in 2024.

Auditor Appointment

The Board approved the appointment of B S R & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022) as Joint Statutory Auditor for a four-year term from the conclusion of the Twenty-Sixth AGM to the Thirtieth AGM, subject to shareholder approval.

Regulatory Compliance

The company published the extract of audited financial results in Financial Express (all editions) and Loksatta (Mumbai edition) newspapers on April 16, 2026, pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement includes a Quick Response code to access the full format of financial results, and complete details are available on the company's website at www.icicilombard.com .

Historical Stock Returns for ICICI Lombard General Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-2.09%-6.07%+2.90%-10.46%-5.74%+28.30%

How will Mr. Shyam Srinivasan's banking expertise influence ICICI Lombard's strategic direction in the evolving insurance-banking convergence landscape?

What impact could the appointment of B S R & Co. LLP as joint statutory auditor have on the company's audit quality and regulatory compliance standards?

Will ICICI Lombard maintain its current dividend payout ratio of 70% in future years given the strong cash flow generation?

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Motilal Oswal Maintains Buy Rating on ICICI Lombard General Insurance with Revised Target Price of ₹2,230

1 min read     Updated on 16 Apr 2026, 09:05 AM
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Motilal Oswal maintains Buy rating on ICICI Lombard General Insurance with revised target price of ₹2,230, down from ₹2,270. The recommendation is supported by combined ratio beat, motor segment recovery, and health market share gains. The brokerage expects better-than-industry growth in 2HFY26 and combined ratio improvement to ~101.8% by FY28, despite earnings estimate cuts and weak investment income.

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ICICI Lombard General Insurance has received a maintained Buy rating from Motilal Oswal, with the brokerage revising its target price to ₹2,230 from the earlier ₹2,270. The recommendation comes amid a mixed performance outlook, with several positive developments offsetting certain challenges.

Key Rating Parameters

Parameter Details
Rating Buy (Maintained)
Target Price ₹2,230
Previous Target ₹2,270
Brokerage Motilal Oswal

Performance Highlights

The company demonstrated resilience with a combined ratio beat, showcasing effective underwriting discipline despite facing headwinds from weak investment income. This performance metric indicates the insurer's ability to maintain profitability in its core insurance operations even when investment returns were subdued.

Sectoral Recovery and Market Position

ICICI Lombard General Insurance is benefiting from a recovery in the motor segment, which represents a significant portion of the general insurance market. Additionally, the company has been gaining market share in the health insurance segment, positioning itself favorably in one of the fastest-growing insurance categories.

Growth Outlook and Projections

Motilal Oswal expects the company to deliver better-than-industry growth in 2HFY26, reflecting its competitive positioning and operational efficiency. The brokerage has made earnings estimate cuts while projecting an improvement in the combined ratio to approximately 101.8% by FY28.

Projection Metric Target/Expectation
2HFY26 Growth Better-than-industry
Combined Ratio by FY28 ~101.8%
Earnings Estimates Revised downward

The maintained Buy rating reflects confidence in the company's long-term prospects despite near-term challenges, with the revised target price accounting for current market conditions and updated earnings projections.

Historical Stock Returns for ICICI Lombard General Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-2.09%-6.07%+2.90%-10.46%-5.74%+28.30%

What specific strategies will ICICI Lombard implement to achieve better-than-industry growth in 2HFY26 amid competitive pressures?

How sustainable is the motor segment recovery, and could potential regulatory changes or EV adoption impact future growth?

What market share gains can ICICI Lombard realistically capture in health insurance given increasing competition from new entrants?

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1 Year Returns:-5.74%