ICICI Lombard General Insurance Company Limited — Q1FY27 earnings call summary

Filed 20 July 2026 · Official transcript

Fire segment faced severe pricing pressure, 27.8% industry de-growth
Motor segment grew 14%, market share 10.5%; Retail Health grew 69.5%, market share 4.5%
Management expects competitive intensity in Fire to ease; Motor TP pricing and claims environment evolving with regulatory and market actions
Q1 FY2027 GDPI grew 7.5% to ₹83.18bn vs industry 10.9%; retail lines drove growth
Combined ratio rose to 107.2% from 102.9%, impacted by ₹0.63bn fire losses and ₹1.65bn Motor TP Supreme Court judgement provision
Excluding these, combined ratio stable at ~102.3%
PAT declined 46% to ₹4.03bn; excluding impacts, PAT down 23% to ₹5.75bn
Supreme Court judgement on Motor TP loss ratio may increase industry loss ratio 12-15%, prompting urgent premium rate revision