Positive impactCompany
ICICI Lombard Q2 net jumps 15.5% at ₹946.40 crore, combined ratio worsens
BusinessLine 2 hrs ago·14 Oct 2026, 3:36 pm
ICICI Lombard reported a 15.5% rise in net profit to ₹946.40 crore for the second quarter, driven by a 9.11% growth in gross premium written. This indicates strong demand for its insurance products and an expanding customer base. However, the company’s combined ratio worsened to 96.7% from 94.4% a year ago, suggesting that claims and expenses are eating into its underwriting profitability.
For investors, the premium growth is a positive sign for the company's top line, but the rising combined ratio is a key concern. A ratio above 100% means the insurer is paying out more in claims than it earns in premiums, which can hurt long-term margins. Investors should monitor the company's efforts to control claim costs and operational expenses in the coming quarters to see if the ratio stabilizes.
Moving forward, the focus will be on how ICICI Lombard manages its underwriting discipline amidst rising competition in the sector. The stock's performance will likely depend on whether the company can improve its combined ratio while sustaining its premium growth momentum. Keeping an eye on industry-wide trends and regulatory changes will also be important for assessing the stock's future outlook.
Excerpt from BusinessLine
Non-life insurer ICICI Lombard General Insurance on Wednesday reported a 15.48 per cent year-on-year increase in net profit at ₹946.40 crore for the second quarter this fiscal, backed by around 17 per cent y-o-y jump in net premium written. The insurer’s net profit for the second quarter last fiscal stood at ₹8,19.54…Read the original at BusinessLine
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- Category: Company.
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