Declares interim dividend of Rs6.50 per share
FinTech BizNews Service
Mumbai, October 14, 2025: ICICI Lombard has declared its Q2 results.
Gross Direct Premium Income (GDPI) of the Company was at Rs 143.31 billion in H1 FY2026 compared to Rs 144.09 billion in H1 FY2025, a de-growth of 0.5%, as against the industry growth of 7.3%*. Excluding the impact of 1/n accounting norm, GDPI of the Company grew by 4.2% for H1 FY2026, as against the industry growth of 11.3%*. Excluding Crop and Mass Health, GDPI growth of the Company was at 3.5%, as against the industry growth of 10.5%* in H1 FY2026.
o GDPI of the Company was at Rs 65.96 billion in Q2 FY2026 compared to Rs
67.21 billion in Q2 FY2025, a de-growth of 1.9%, as against the industry
growth of 5.9%*. Excluding Crop and Mass Health, GDPI growth of the
Company was at 3.5%, as against the industry growth of 9.8%* in Q2
FY2026.
Combined ratio was at 104.0% in H1 FY2026 compared to 103.2% in H1
FY2025. Excluding the impact of CAT losses of Rs 0.73 billion in H1 FY2026 and
Rs 0.94 billion in H1 FY2025, the Combined ratio was 103.3% and 102.2%
respectively.
o Combined ratio was at 105.1% in Q2 FY2026 compared to 104.5% in Q2
FY2025. Excluding the impact of CAT losses of Rs 0.73 billion in Q2
FY2026 and Rs 0.94 billion in Q2 FY2025, the Combined ratio was 103.8%
and 102.6% respectively.
Profit before tax (PBT) grew by 22.3% to Rs 20.71 billion in H1 FY2026 compared to Rs 16.93 billion in H1 FY2025.
o PBT grew by 17.2% to Rs 10.77 billion in Q2 FY2026 compared to Rs 9.19 billion in Q2 FY2025.
o Capital gains was at Rs 6.16 billion in H1 FY2026 compared to Rs 5.21
billion in H1 FY2025. Capital gains was at Rs 2.36 billion in Q2 FY2026
compared to Rs 2.37 billion in Q2 FY2025.
Consequently, Profit after tax (PAT) grew by 22.9% to Rs 15.67 billion in H1
FY2026 compared to Rs 12.74 billion in H1 FY2025.
o PAT grew by 18.1% to Rs 8.20 billion in Q2 FY2026 from Rs 6.94 billion in
Q2 FY2025.
The Board of Directors of the Company has declared interim dividend of Rs 6.50
per share for H1 FY2026 as against Rs 5.50 per share for H1 FY2025.
Return on Average Equity (ROAE) was at 20.8% in H1 FY2026 compared to
20.3% in H1 FY2025.
o ROAE was at 21.4% in Q2 FY2026 compared to 21.8% in Q2 FY2025.
Solvency ratio was at 2.73x as at September 30, 2025 as against 2.70x as at
June 30, 2025 which was higher than the minimum regulatory requirement of
1.50x. Solvency ratio was at 2.69x as at March 31, 2025.
Operating Performance Review and Ratios
With effect from October 1, 2024, Long-term Products are accounted on a 1/n basis, as
mandated by IRDAI, hence FY2025, Q2 & H1 FY2026 numbers are not comparable
with prior periods.
