ICICI Lombard General Insurance Company Ltd.
ICICIGIFinancial Services filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
19 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 19 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220124 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220426 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220722 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221021 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230120 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230424 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230724 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231024 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240122 | 2023-12-31 | yes | |
| ANALYST_MEET | 20240423 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240725 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241024 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250123 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250421 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250719 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251020 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260119 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260420 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260720 | 2026-06-30 | yes |
ICICIGI
files the general-insurance revenue and shareholders’ accounts. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | insurance general |
| Scope served | standalone |
| Panels on this page | 5 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,577.00 |
| 52-week range | 1427.7 – 2042.9 |
| Return 1M | -2.41% |
| Return 3M | -13.05% |
| Return 1Y | -16.05% |
| Return 3Y | 19.84% |
| Return 5Y | -0.64% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Premium earned | 5,950.00 |
| Net premium written | 6,604.00 |
| Income from investments, net | 858.00 |
| Claims incurred | 4,545.00 |
| Claims paid | 3,512.00 |
| Commission, net | 1,250.00 |
| Operating expenses related to insurance business | 785.00 |
| Premium deficiency | 0.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.51 | -0.00 |
| institutions foreign | 0.21 | -0.01 |
| institutions domestic | 0.21 | 0.01 |
| mutual funds | 0.16 | 0.00 |
| public | 0.49 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| ANALYST_MEET | 2024-03-31 | 1 |
| TRANSCRIPT | 2026-06-30 | 18 |
Financial statements
Filed results, standalone, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Cash flow, as filed
| Line | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|
| Net cash from operating activities | 1,147.00 | 459.00 | 2,622.00 |
| Net cash from investing activities | -1,137.00 | -159.00 | -1,733.00 |
| Net cash from financing activities | -257.00 | -139.00 | -336.00 |
| Purchase of property, plant and equipment | 231.00 | 129.00 | 243.00 |
| Net increase in cash | -247.00 | 248.00 | 554.00 |
| con:CFO.BEFORE_TAX | 1,976.00 | 1,456.00 | 3,837.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 795.00 | 364.00 | 1,024.00 |
| con:CF_OTHER.OPERATING | -34.00 | -632.00 | -191.00 |
| con:INVESTMENTS_PURCHASED | 160,604.00 | 71,966.00 | 148,051.00 |
| con:INVESTMENTS_SOLD | 156,504.00 | 70,242.00 | 143,088.00 |
| con:PPE_DISPOSALS | 2.00 | 1.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 |
Revenue account (policyholders), as filed
| Line | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|
| Premium earned | 19,800.00 | 5,136.00 | 5,652.00 | 5,685.00 | 22,264.00 | 5,950.00 |
| Net premium written | 20,761.00 | 5,611.00 | 5,313.00 | 5,963.00 | 23,374.00 | 6,604.00 |
| Income from investments, net | 3,156.00 | 943.00 | 899.00 | 909.00 | 3,547.00 | 858.00 |
| Claims incurred | 13,987.00 | 3,750.00 | 4,074.00 | 3,904.00 | 15,828.00 | 4,545.00 |
| Claims paid | 12,487.00 | 2,911.00 | 3,278.00 | 3,428.00 | 13,541.00 | 3,512.00 |
| Commission, net | 3,838.00 | 941.00 | 1,013.00 | 1,343.00 | 4,484.00 | 1,250.00 |
| Operating expenses related to insurance business | 2,845.00 | 738.00 | 743.00 | 792.00 | 3,059.00 | 785.00 |
| Premium deficiency | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Underwriting profit or loss | -869.00 | -293.00 | -178.00 | -354.00 | -1,108.00 | -630.00 |
| Transfer to the profit and loss account | 2,267.00 | 654.00 | 753.00 | 571.00 | 2,524.00 | 234.00 |
Profit and loss account (shareholders), as filed
| Line | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|
| Income in the shareholders' account | 3,331.00 | 979.00 | 1,072.00 | 882.00 | 3,717.00 | 522.00 |
| Shareholders' income from investments | 1,005.00 | 317.00 | 319.00 | 310.00 | 1,184.00 | 280.00 |
| Shareholders' other income | 59.00 | 8.00 | 1.00 | 0.00 | 10.00 | 8.00 |
| Transfer from the policyholders' account | 2,267.00 | 654.00 | 753.00 | 571.00 | 2,524.00 | 234.00 |
| Non-operating expense | 10.00 | -14.00 | -5.00 | 12.00 | 58.00 | -14.00 |
| Profit before exceptional items and tax | 3,321.00 | 994.00 | 1,077.00 | 870.00 | 3,659.00 | 536.00 |
| con:EXTRAORDINARY_ITEMS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit for the period | 2,508.00 | 747.00 | 820.00 | 659.00 | 2,772.00 | 403.00 |
| Profit carried to the balance sheet | 6,759.00 | 7,159.00 | 7,978.00 | 8,314.00 | 8,860.00 | 8,914.00 |
| Transfer to reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Final dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Earnings per share, basic | 50.74 | 15.06 | 16.49 | 13.25 | 55.74 | 8.08 |
| Other income | -20.00 | 5.00 | 32.00 | 16.00 | 84.00 | 6.00 |
| con:OTHER_OPERATING_EXPENSES | 1,329.00 | 308.00 | 334.00 | 328.00 | 1,330.00 | 359.00 |
| con:INS.PROVISIONS_DOUBTFUL | 0.00 | 0.00 | 0.00 | 0.00 | 13,541.00 | 0.00 |
| con:INS.PROVISIONS_DOUBTFUL_NON_OPERATING | -6.00 | 0.00 | 5.00 | -4.00 | 1.00 | 1.00 |
| con:INS.NON_OPERATING_EXPENSE_OTHER | 56.00 | 14.00 | 22.00 | 15.00 | 69.00 | 21.00 |
Funds and assets, as filed
| Line | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|
| Paid-up equity share capital | 496.00 | 497.00 | 497.00 | 498.00 | 498.00 | 499.00 |
| Investments — policyholders' fund | 39,782.00 | 41,149.00 | 41,146.00 | 42,739.00 | 43,493.00 | 45,407.00 |
| Investments — shareholders' fund | 13,726.00 | 14,304.00 | 15,053.00 | 15,556.00 | 14,929.00 | 15,172.00 |
| Other assets net of current liabilities | -38,524.00 | -39,298.00 | -39,593.00 | -41,093.00 | -42,349.00 | -43,541.00 |
| Total assets | 14,984.00 | 16,155.00 | 16,606.00 | 17,203.00 | 16,072.00 | 17,038.00 |
| Investments | 53,508.00 | 55,453.00 | 56,200.00 | 58,296.00 | 58,421.00 | 60,579.00 |
| Reserves and surplus | 13,807.00 | — | 15,263.00 | — | 16,347.00 | — |
| Borrowings | 0.00 | — | 0.00 | — | 0.00 | — |
| con:LOANS | 0.00 | — | 0.00 | — | 0.00 | — |
| Property, plant and equipment | 802.00 | — | 843.00 | — | 839.00 | — |
| Current assets | 14,541.00 | — | 16,669.00 | — | 16,733.00 | — |
| Current liabilities | 42,739.00 | — | 46,016.00 | — | 47,585.00 | — |
| con:PROVISIONS | 11,297.00 | — | 11,344.00 | — | 12,453.00 | — |
Solvency and underwriting ratios, as filed
| Line | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|
| Solvency ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Combined ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Incurred claim ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Expenses of management ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross NPAs — policyholders' fund | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross NPAs, per cent — policyholders' fund | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INS.NPA_NET_PCT_POLICYHOLDERS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INS.SHAREHOLDING_PCT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 48.02 | 48.01 | 48.00 | 47.91 | 51.27 | 51.81 | 51.66 | 51.60 | 51.55 | 51.46 | 0.51 | 0.51 | 0.51 | 0.51 |
| Domestic institutions | 17.38 | 18.26 | 18.56 | 18.01 | 16.11 | 17.29 | 16.73 | 17.29 | 17.84 | 17.61 | 0.18 | 0.18 | 0.20 | 0.21 |
| Mutual funds | — | — | — | — | — | — | — | — | 15.85 | 14.94 | 0.14 | 0.15 | 0.15 | 0.16 |
| Insurance companies | 1.45 | 2.14 | 1.84 | 1.67 | 1.49 | 1.13 | 0.62 | 0.61 | 0.56 | 0.59 | 0.01 | 0.01 | 0.01 | 0.01 |
| Foreign institutions | 22.85 | 22.00 | 22.37 | 23.04 | 23.06 | 23.93 | 24.75 | 24.36 | 23.68 | 23.93 | 0.24 | 0.23 | 0.22 | 0.21 |
| Government | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Public | 51.98 | 51.99 | 52.00 | 52.09 | 48.73 | 48.19 | 48.34 | 48.40 | 48.45 | 48.54 | 0.49 | 0.49 | 0.49 | 0.49 |
| Non-institutional | 11.75 | 11.73 | 11.07 | 11.04 | 9.56 | 6.96 | 6.86 | 6.75 | 6.93 | 6.99 | 0.07 | 0.07 | 0.07 | 0.07 |
| Shares outstanding | 491125103 | 491201153 | 491385853 | 492284501 | 492685295 | 493222003 | 494692223 | 495234462 | 495726477 | 496636168 | 497465619 | 498044825 | 498494992 | 499272164 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| ICICI Bank Limited | Promoter & Holding Company | Any other transaction, Dividend paid | 14,172,111,000.00 | 12 |
| ICICI Securities Primary Dealership Limited | Promoter Group entity | Any other transaction | 5,826,034,000.00 | 4 |
| ICICI Prudential Life Insurance Company Limited | Promoter Group entity | Any other transaction, Dividend paid | 327,215,000.00 | 8 |
| ICICI Home Finance Company Limited | Promoter Group entity | Any other transaction | 294,079,000.00 | 6 |
| Alok Kumar Agarwal | KMP | Any other transaction, Dividend paid, Remuneration | 260,674,000.00 | 4 |
| ICICI Securities Limited | Promoter Group entity | Any other transaction, Sale of fixed assets | 130,361,000.00 | 6 |
| ICICI Prudential Asset Management Company Limited | Promoter Group entity | Any other transaction | 115,577,000.00 | 3 |
| India Infradebt Limited | Promoter Group entity | Any other transaction | 61,769,000.00 | 5 |
| Sanjeev Mantri | KMP | Remuneration | 34,027,000.00 | 1 |
| Gopal Balachandran | KMP | Dividend paid, Remuneration | 20,191,000.00 | 2 |
| Vikas Mehra | KMP | Any other transaction, Dividend paid, Remuneration | 12,565,000.00 | 5 |
| ICICI Venture Funds Management Company Limited | Promoter Group entity | Any other transaction | 2,435,000.00 | 3 |
| ICICI Investment Management Company Limited | Promoter Group entity | Any other transaction | 1,057,000.00 | 2 |
| ICICI Prudential Pension Fund Management Company Limited | Promoter Group entity | Any other transaction | 799,000.00 | 3 |
| i-Process Services (India) Private Limited | Promoter Group entity | Any other transaction | 726,000.00 | 3 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-20 | Q1FY27 | ICICI Lombard, Lombard, Operations, ICICI Lombard | Read the call |
| 2026-04-20 | Q4FY26 | Read the call | |
| 2026-01-19 | Q3FY26 | UNDERWRITING & CLAIMS | Read the call |
| 2025-10-20 | Q2FY26 | CLAIMS | Read the call |
| 2025-07-19 | Q1FY26 | CLAIMS | Read the call |
| 2025-04-21 | Q4FY25 | PROPERTY & CASUALTY | Read the call |
| 2025-01-23 | Q3FY25 | Read the call | |
| 2024-10-24 | Q2FY25 | Read the call | |
| 2024-07-25 | Q1FY25 | Read the call | |
| 2024-04-23 | Q4FY24 | Read the call | |
| 2024-01-22 | Q3FY24 | CLAIMS | Read the call |
| 2023-10-24 | Q2FY24 | Read the call | |
| 2023-07-24 | Q1FY24 | Read the call | |
| 2023-04-24 | Q4FY23 | Read the call | |
| 2023-01-20 | Q3FY23 | Read the call | |
| 2022-10-21 | Q2FY23 | Read the call | |
| 2022-07-22 | Q1FY23 | Read the call | |
| 2022-04-26 | Q4FY22 | Read the call | |
| 2022-01-24 | Q3FY22 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | — | The expansion was underpinned by sustained government capital expenditure, coupled with an increase in private capex, robust services activity, and a … | — | — | — | However, we have started seeing an uptick in government spending towards capital expenditure in the 1 GDP – Gross Domestic Product 2 Real GDP for Sept… | — |
| Capital allocation | So, Prayesh, in line with what we have been mentioning even in the earlier earnings call, a better metric to look at as we keep saying is combined rat… | Again, we have discussed this in the past, particularly when it comes to new motor, that typically comes with a relatively low loss outcome, but possi… | And also as loss ratio picks up, which is very real and you are absolutely spot on, but at the same time the expense and the commission of acquisition… | However, the cost of acquisition with respect to these businesses, particularly the large corporates tends to be more direct and hence to that extent … | So far as ICICI Lombard, I think if you recollect what we had said was obviously we continue to write the motor segment through a combination of both … | We remain committed and focused for the upcoming year with more tech enabled offerings, customer centricity through efficient systems and processes, a… | Ltd. April 15, 2025 The Board of Directors of the Company has proposed a final dividend of ₹ 7.00 per share for FY2025. This payment is, however, subj… | And in that context, I think if you would have seen historically, we do have a Board-Governed Dividend Distribution Policy in place. |
| Costs | — | — | — | You know one of the things that we are watching very closely is the claim inflation because the input costs are going up for everyone. | That is an input cost to us, largely on the non-proportion side the cost has gone up, the commissions that reinsurers give on the proportional side ha… | — | — | — |
| Debt and cash | — | That, by itself, clearly also contributes to the overall available cash flows, and that has also had an impact on the overall investment leverage. | Even our budgets for that matter, if I have to share, are all taken on n basis because that is how portfolio can be picked up in the right manner and … | — | — | — | Reinvestment of the incremental cash flows will get subjected to getting placed at a lower interest rate and that will be true for the entire market. | — |
| Demand | — | These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, our growth and expansion in business… | The Motor segment grew at 8.9% in 9M FY2026, compared to 7.6% in H1 FY2026. For Q3 FY2026, the growth stood at 10.9%, supported by festive season dema… | Ltd. April 21, 2022 impact of any acquisitions, technological implementation and changes, the actual growth in demand for insurance products and servi… | Ltd. April 18, 2023 impact of any acquisitions, technological implementation and changes, the actual growth in demand for insurance products and servi… | These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, our growth and expansion in business… | We believe that the increasing demand for health protection, coupled with increasing medical inflation, may drive double digit growth in the Health se… | These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, our growth and expansion in business… |
| Guidance | And we had earlier given a guidance to reach 102% by FY2025 end. | So the Management guidance was to end up with 102% for FY2025, and probably 101.5% for the fourth quarter. | We closed the year with a 10.7% market share, probably a loss of 0.4 or thereabouts as to what we had 9 months, but as we close, the positivity with w… | So, that journey has now started, we will have to see if we can maintain the momentum of both of March, but clearly the increase in the market share o… | Our experience or our estimate for the year, we have been giving a guidance as a company that over the next two years we want to bring down combined r… | So going ahead, what is our guidance on combined ratio? | Looking at the underlying performance of the industry, you may recall our discussion a year back during our earnings call, where we expected ICICI Lom… | So, should we expect H2 trend to play out next year also that we will grow faster than the industry? |
| Margin | — | — | — | — | And second on the expense of management side, I mean of course the new regulation has come, but even for the existing regulation perspective, I mean f… | — | — | — |
| People | — | — | — | So, as of now, we've only hired about 750, the balance 250 are expected to come in and the initial signs in terms of the hiring of agents that they've… | — | So do you think of better utilization of capital going forward? | — | — |
| Pricing | Is it because of the pricing environment changing or we believe we will be little more aggressive or more confident to do motor than what we were doin… | Also, just on the Fire piece, you mentioned that there could be price hike, so why would that be, because your loss ratio outcomes seems to be pretty … | And have you seen any further pricing aggression in Q3 with respect to Motor OD premiums given that it was anticipated that the growth would be there … | Coming back to your question on growth, on what’s happened as we've been explaining for the last few quarters is that we took some calibrated call on … | First on the motor side, I think in recent conversations you have mentioned that there has been some positive development on the pricing side in motor… | Having said that, we do look at developments in the space wherever we believe the pricing is appropriate for the risk that we are assuming then obviou… | Excluding the Fire segment, the overall Commercial segment grew by 8.5% for FY2025. The Motor segment grew by 6.9% for Q4 FY2025 and 8.0% for FY2025… | Second, Sanjeev, you have been talking about Motor TP price hike and we have discussed this in the last few calls as well, but given the trajectory on… |
| Revenue growth | My first question is on the new strategy of ‘One IL One Team’, so could you help me understand what would be the impact on the topline from the strate… | The second thing is that if you can break down the exact growth of Motor into new and old vehicle, the way you did it last time. | The Indian economy recorded a GDP growth of 8.2% in Q2 FY2026, up from 7.8% in the preceding quarter. | But I'm sure there'll be opportunities to distribute health in due course and if you see the growth of that channel, while the aggregate banca partner… | So, there is still some traction on the investments that we have made in terms of the improvement in the topline from that channel that we have added. | The Gross Direct Premium Income (GDPI) of the company stood at ₹ 247.76 billion in FY2024 compared to ₹ 210.25 billion in FY2023 a growth of 17.8% whi… | However, in Q4 FY2025, we have seen a de-growth of 1.9% for the Two-wheeler segment and a de-growth of 4.6% for the Tractor segment. | And in these lines, I just wanted to understand, given the soft market growth outlook, given your second half growth is 16% and maybe crop being a new… |