ICICI Lombard Q3 FY26 GDPI up 13.3% to ₹7,041 Crore; PAT de-grows 9.1% to ₹659 Crore.
ICICI Lombard reported Q3 FY26 GDPI of ₹7,041 crore, up 13.3%, and 9M FY26 GDPI of ₹21,372 crore, up 3.6%. Q3 FY26 PAT de-grew 9.1% to ₹659 crore, while 9M FY26 PAT grew 11.3% to ₹2,225 crore. Combined ratio for Q3 FY26 was 104.5% (1/n basis). Solvency ratio was 2.69x.
The results show a mixed performance with growth in premium income but a decline in quarterly profit, which is a significant financial metric for investors. The impact is moderate as it doesn't represent a severe downturn or exceptional growth.
The company reported growth in GDPI but a de-growth in PAT for the quarter, indicating mixed financial performance. While the overall GDPI for the nine-month period shows growth, the quarterly PAT decline prevents a strongly positive sentiment.
ICICI Lombard General Insurance Company Limited has announced its financial results for the quarter and nine months ended December 31, 2025. The company reported a Gross Direct Premium Income (GDPI) of ₹7,041 crore (₹70.41 billion) for Q3 FY2026, marking a growth of 13.3% compared to ₹6,214 crore (₹62.14 billion) in Q3 FY2025. For the nine months ended December 31, 2025 (9M FY2026), GDPI stood at ₹21,372 crore (₹213.72 billion), a 3.6% increase from ₹20,623 crore (₹206.23 billion) in 9M FY2025.
In terms of profitability, Profit Before Tax (PBT) for Q3 FY2026 de-grew by 9.4% to ₹870 crore (₹8.70 billion) from ₹960 crore (₹9.60 billion) in Q3 FY2025. Consequently, Profit After Tax (PAT) on a 1/n basis de-grew by 9.1% to ₹659 crore (₹6.59 billion) in Q3 FY2026, compared to ₹724 crore (₹7.24 billion) in Q3 FY2025. However, for the nine-month period, PAT on a 1/n basis grew by 11.3% to ₹2,225 crore (₹22.25 billion) in 9M FY2026, up from ₹1,999 crore (₹19.99 billion) in 9M FY2025.
The combined ratio on a 1/n basis for Q3 FY2026 was 104.5%, an increase from 102.7% in Q3 FY2025. For 9M FY2026, the combined ratio on a 1/n basis was 104.2%, up from 102.9% in 9M FY2025. The company's solvency ratio stood at 2.69x as of December 31, 2025, which is higher than the minimum regulatory requirement of 1.50x.
The company also provided an investor presentation detailing its performance review for the nine months ended December 31, 2025. This information has been made available on the company's website, and the audio recording and transcript of the earnings call will also be hosted online.
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