Negative impactCorporate Action
ICICI Lombard's underwriting loss jumps 79% to ₹318 crore in Q2 as combined ratio worsens
CNBC-TV18 2 hrs ago·14 Oct 2026, 2:58 pm
ICICI Lombard reported a significant jump in its underwriting loss for the second quarter, reaching ₹318 crore. This deterioration is primarily driven by a combined ratio that worsened, indicating that the company paid out more in claims than it collected in premiums during the period.
Despite the underwriting strain, the insurer demonstrated resilience by growing its net earned premium by 17.7%. This growth was particularly strong in the health insurance segment, which outpaced industry averages. Additionally, the board approved an interim dividend of ₹7 per share, offering some support to shareholders.
Investors should monitor the company's ability to improve its combined ratio in upcoming quarters. A sustained improvement would signal better underwriting discipline and operational efficiency. Furthermore, watching the pace of health insurance growth will be key to understanding the company's long-term market position.
Excerpt from CNBC-TV18
Published On Oct 14, 2026 | 20:28 IST Last Updated On Oct 14, 2026 | 20:28 IST ICICI Lombard reported a 78.9% rise in Q2 FY27 underwriting loss to ₹318.38 crore, with a combined ratio of 107%. Net earned premium rose 17.7% to ₹6,651.87 crore, and total income increased 19.2% to ₹7,843.72 crore. The board approved an…Read the original at CNBC-TV18
Key takeaways
- Category: Corporate Action.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
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