ICICI Lombard Reports Strong Profit Growth, Declares Interim Dividend for H1 FY2026
ICICI Lombard reported strong Q2 and H1 FY2026 profit growth despite GDPI de-growth due to accounting changes. PAT grew 22.9% for H1. An interim dividend of ₹6.50/share was declared, and an investor presentation was released.
The announcement contains key financial results for the quarter and half-year, including significant profitability metrics, a strong solvency ratio, and an increased interim dividend. These factors are crucial for investor evaluation and are likely to have a substantial impact on market perception and stock performance.
The company demonstrated robust growth in Profit Before Tax (PBT) and Profit After Tax (PAT) for both the quarter and half-year, alongside an increase in the interim dividend per share. While Gross Direct Premium Income (GDPI) showed a de-growth, this was attributed to a regulatory accounting change, with underlying growth present when adjusted. The solvency ratio remains strong.
ICICI Lombard General Insurance Company Limited (ICICIGI) announced its performance review for the quarter and half-year ended September 30, 2025, along with an investor presentation. * Gross Direct Premium Income (GDPI) for H1 FY2026 was ₹14,331 crore (₹143.31 billion), a de-growth of 0.5% compared to ₹14,409 crore (₹144.09 billion) in H1 FY2025. Excluding the impact of the 1/n accounting norm (effective October 1, 2024, as mandated by IRDAI), GDPI grew by 4.2% for H1 FY2026. For Q2 FY2026, GDPI was ₹6,596 crore (₹65.96 billion), a de-growth of 1.9% from ₹6,721 crore (₹67.21 billion) in Q2 FY2025. * Profit before tax (PBT) grew by 22.3% to ₹2,071 crore (₹20.71 billion) in H1 FY2026 from ₹1,693 crore (₹16.93 billion) in H1 FY2025. For Q2 FY2026, PBT increased by 17.2% to ₹1,077 crore (₹10.77 billion) from ₹919 crore (₹9.19 billion) in Q2 FY2025. * Profit after tax (PAT) grew by 22.9% to ₹1,567 crore (₹15.67 billion) in H1 FY2026 from ₹1,274 crore (₹12.74 billion) in H1 FY2025. For Q2 FY2026, PAT rose by 18.1% to ₹820 crore (₹8.20 billion) from ₹694 crore (₹6.94 billion) in Q2 FY2025. * The Combined Ratio was 104.0% in H1 FY2026 (103.3% excluding CAT losses of ₹73 crore) and 105.1% in Q2 FY2026 (103.8% excluding CAT losses of ₹73 crore). * Return on Average Equity (ROAE) was 20.8% in H1 FY2026 and 21.4% in Q2 FY2026. * The Solvency ratio stood at 2.73x as of September 30, 2025, well above the minimum regulatory requirement of 1.50x. * The Board of Directors declared an interim dividend of ₹6.50 per share for H1 FY2026, up from ₹5.50 per share for H1 FY2025. * An investor presentation on the performance review for the half-year ended September 30, 2025, was also enclosed and will be referred during an upcoming earnings conference call.
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ICICI Lombard General Insurance Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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