ICICI Lombard Q3 Net Profit Falls 8.8% to ₹660 Crores Despite 12.7% Revenue Growth

ICICI Lombard General Insurance reported mixed financial results for Q3, with net profit declining despite strong revenue growth. The general insurance company's performance reflects the challenging operating environment in the insurance sector.

Financial Performance Overview

The company's Q3 financial metrics present a contrasting picture of growth and profitability challenges:

Metric	Q3 Current Year	Q3 Previous Year	Change
Net Profit	₹660.00 crores	₹724.00 crores	-8.8%
Revenue	₹5,685.00 crores	₹5,045.00 crores	+12.7%
Combined Ratio	104.5%	102.7%	+1.8 percentage points

Revenue Growth Momentum

Despite profitability pressures, ICICI Lombard demonstrated robust revenue growth of 12.7% year-on-year, with total revenue reaching ₹5,685.00 crores compared to ₹5,045.00 crores in the corresponding quarter of the previous year. This growth indicates the company's ability to expand its business volume and market presence in the competitive general insurance landscape.

Profitability and Combined Ratio Analysis

The company's net profit declined to ₹660.00 crores from ₹724.00 crores in the previous year's Q3, representing an 8.8% decrease. This decline coincided with a deterioration in the combined ratio, which increased to 104.5% from 102.7% year-on-year.

The combined ratio is a critical metric for insurance companies, measuring the relationship between claims and expenses against premiums earned. A ratio above 100% indicates that the company is paying out more in claims and expenses than it collects in premiums, suggesting underwriting losses. The increase of 1.8 percentage points to 104.5% reflects higher claims costs or expenses relative to premium income during the quarter.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.30%	-4.77%	-2.70%	-6.30%	+2.64%	+20.41%

ICICI Lombard General Insurance Company Limited has announced the allotment of 24,132 equity shares under its employee stock option schemes on January 13, 2026. The allotment represents the company's ongoing commitment to employee participation through equity-based compensation programs.

Share Allotment Details

The company allotted a total of 24,132 equity shares of ₹10 each across two distinct employee stock option schemes. The distribution of shares demonstrates the utilization of both legacy and contemporary employee incentive programs.

Scheme:	Shares Allotted
ICICI Lombard Employees Stock Option Scheme - 2005:	22,991
ICICI Lombard - Employees Stock Unit Scheme – 2023:	1,141
Total Shares Allotted:	24,132

Approval and Authorization

The allotment received approval from a Whole-time Director of the company on January 13, 2026 at 03:16 p.m. This approval was granted pursuant to the authority delegated by the Board of Directors at its meeting held on July 18, 2023. The structured approval process ensures compliance with corporate governance requirements for equity allotments.

Share Characteristics

The newly allotted equity shares carry a face value of ₹10 each and will rank pari-passu with the existing equity shares of the company in all respects. This means the new shares will have equal rights regarding dividends, voting, and other shareholder benefits as the existing equity shares.

Corporate Communication

The company has formally communicated this allotment to both BSE Limited and National Stock Exchange of India Limited, where its equity shares are listed under the scrip codes BSE: 540716 and NSE: ICICIGI. The information regarding this allotment is also available on the company's official website at www.icicilombard.com , ensuring transparency and accessibility for stakeholders.