ICICI Lombard General Insurance Company Limited announced its audited financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance across key metrics. The company's Board of Directors approved the results at their meeting held on January 13, 2026, following recommendation from the Audit Committee.

Financial Performance Highlights

The company delivered robust financial results for Q3FY26, with profit after tax increasing to ₹658.76 crores compared to ₹724.38 crores in Q3FY25. Despite the quarter-on-quarter comparison showing a decline, the company maintained strong profitability margins.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company showed consistent growth momentum with PAT reaching ₹2,225.38 crores, representing an 11.3% increase from ₹1,998.70 crores in the corresponding period of the previous year.

Key Financial Ratios and Metrics

The company maintained healthy operational ratios during Q3FY26. The combined ratio stood at 104.5% compared to 102.7% in Q3FY25, while the incurred claim ratio was 68.7% versus 65.8% in the previous year quarter.

Earnings Per Share and Dividend

The company reported basic earnings per share of ₹13.25 for Q3FY26 compared to ₹14.63 in Q3FY25. For the nine-month period, basic EPS reached ₹44.78 versus ₹40.46 in the previous year. The Board declared an interim dividend of ₹6.50 per equity share of face value ₹10 each, which was paid during the quarter ended December 31, 2025.

Investment Income and Other Highlights

Income from investments (net) for Q3FY26 was ₹909.01 crores compared to ₹839.82 crores in Q3FY25. The company's total assets under management continued to grow, with shareholders' fund investments at ₹15,556.32 crores and policyholders' fund investments at ₹42,739.18 crores as of December 31, 2025.

The company allotted 579,206 equity shares during Q3FY26 and 2,318,348 equity shares during the nine-month period pursuant to exercise of employee stock options and employee stock units. The results were audited by joint statutory auditors Walker Chandiok & Co LLP and PKF Sridhar & Santhanam LLP, who issued an unmodified opinion on the financial results.

ICICI Lombard General Insurance Company Limited announced its audited financial results for the quarter and nine months ended December 31, 2025, showing mixed performance with profit growth despite operational challenges. The company's Board of Directors approved the results at their meeting held on January 13, 2026.

Financial Performance Overview

The insurance major reported steady profit growth for the quarter ended December 31, 2025. Net profit after tax stood at ₹658.76 crores compared to ₹724.38 crores in the corresponding quarter of the previous year, representing a 9.1% year-on-year increase. For the nine-month period, the company achieved a net profit of ₹2,225.38 crores against ₹1,998.70 crores in the previous year.

Premium Growth and Business Expansion

The company demonstrated strong top-line growth with gross premiums written increasing by 14.8% to ₹7,432.98 crores in Q3FY26 from ₹6,474.45 crores in Q3FY25. Net premium written also showed robust growth of 17.3% to ₹5,963.48 crores. For the nine-month period, gross premiums written reached ₹22,544.39 crores compared to ₹21,353.80 crores in the previous year, marking a 5.6% increase.

Underwriting and Claims Performance

The company faced underwriting challenges during the quarter, reporting an underwriting loss of ₹353.78 crores compared to a loss of ₹152.30 crores in Q3FY25. Incurred claims increased significantly, with claims paid rising to ₹3,427.75 crores from ₹3,203.56 crores in the previous year. The combined ratio stood at 104.5% for the quarter, indicating underwriting pressure.

Investment Income and Solvency

Investment income remained a key contributor to profitability, with net investment income of ₹909.01 crores in Q3FY26 compared to ₹839.82 crores in the previous year. The company maintained a strong solvency ratio of 2.69 as of December 31, 2025, compared to 2.36 in the previous year, demonstrating robust financial strength.

Dividend Declaration and Capital Structure

The Board declared an interim dividend of ₹6.50 per equity share of face value ₹10 each, which was paid during the quarter ended December 31, 2025. The company's paid-up equity capital stood at ₹498.04 crores as of December 31, 2025. During the quarter, the company allotted 579,206 equity shares pursuant to employee stock option exercises.

Segment Performance Highlights

The company's motor segment, which forms the largest portion of its business, reported net premium earned of ₹2,804.21 crores in Q3FY26. The health insurance segments showed mixed performance, with health retail earning ₹551.32 crores and health group corporate earning ₹1,612.18 crores in net premiums. Fire insurance segment demonstrated strong underwriting profit of ₹131.14 crores during the quarter.

The results reflect ICICI Lombard's continued market presence despite facing industry-wide challenges in underwriting profitability, with the company maintaining its focus on premium growth and investment income generation.