ICICI Lombard General Insurance Company

Net profit up 15%

The income from operation of ICICI Lombard General Insurance Company increased 17.70% to Rs 6651.87 crore in Q2FY2027. The revenue of Fire (2.52% of total revenues) segment has gone down 15.69% to Rs 197.88 crore. The revenue of Marine (2.71% of total revenues) segment has gone up 23.89% to Rs 212.62 crore. The revenue of Health (41.73% of total revenues) segment has gone up 48.69% to Rs 3,273.05 crore. The revenue of Miscellaneous (4.94% of total revenues) segment has gone up 3.69% to Rs 387.83 crore. The revenue of Crop Insurance (0.15% of total revenues) segment has gone down 94.86% to Rs 11.89 crore. The revenue of Motor (47.94% of total revenues) segment has gone up 11.59% to Rs 3,760.45 crore.

PBIT of Fire segment fell 18.33% to Rs 127.98 crore (accounting for 14.65% of total PBIT). PBIT of Marine reported profit of Rs 10.20 crore (accounting for 1.17% of total PBIT) compared to loss of Rs 32.58 crore. PBIT of Health reported loss of Rs 135.25 crore compared to profit of Rs 65.00 crore. PBIT of Miscellaneous segment rose 133.31% to Rs 94.56 crore (accounting for 10.83% of total PBIT). PBIT of Crop Insurance reported profit of Rs 23.14 crore (accounting for 2.65% of total PBIT) compared to loss of Rs 46.53 crore. PBIT of Motor segment rose 32.18% to Rs 752.84 crore (accounting for 86.19% of total PBIT).

Overall OPM has increased to 18.48% in Q2FY2027 from 17.99% in Q2FY2026, leading to 20.87% rise in operating profit to Rs 1,229.26 crore. Other expenditure as a percentage of total income moved down to 74.64% from 74.76% in Q2FY2027. The staff cost as a percentage of total income declined to 6.88% from 7.24% in Q2FY2027.

Other income declined 2.21% to Rs 32.29 crore. Interest cost remained nil. PBT moved up 15.79% to Rs 1,247.41 crore.

The effective tax rate increased to 24.13% in Q2FY2027 compared to 23.92% in Q2FY2026. Provision for tax was expense of Rs 301.01 crore, compared to Rs 257.73 crore. Profit after tax rose 15.48% to Rs 946.40 crore.

Financial performance H1FY2027

The income from operation of ICICI Lombard General Insurance Company increased 16.82% to Rs 12601.91 crore in Q2FY2027. The revenue of Fire (2.45% of total revenues) segment has gone down 17.23% to Rs 358.48 crore. The revenue of Marine (2.70% of total revenues) segment has gone up 20.12% to Rs 396.28 crore. The revenue of Health (40.28% of total revenues) segment has gone up 39.25% to Rs 5,904.54 crore. The revenue of Miscellaneous (5.13% of total revenues) segment has gone up 4.43% to Rs 751.67 crore. The revenue of Crop Insurance (0.15% of total revenues) segment has gone down 91.02% to Rs 21.81 crore. The revenue of Motor (49.29% of total revenues) segment has gone up 7.83% to Rs 7,224.65 crore.

PBIT of Fire segment fell 42.63% to Rs 153.87 crore (accounting for 13.90% of total PBIT). PBIT of Marine reported loss of Rs 10.49 crore (accounting for (-)0.95% of total PBIT) compared to loss of Rs 48.35 crore. PBIT of Health reported loss of Rs 291.75 crore (accounting for (-)26.35% of total PBIT) compared to loss of Rs 8.96 crore. PBIT of Miscellaneous segment rose 5.26% to Rs 127.45 crore (accounting for 11.51% of total PBIT). PBIT of Crop Insurance reported profit of Rs 37.15 crore (accounting for 3.36% of total PBIT) compared to loss of Rs 44.23 crore. PBIT of Motor segment fell 2.50% to Rs 1,091.03 crore (accounting for 98.53% of total PBIT).

Overall OPM eased to 13.62% in Q2FY2027 from 18.26% in Q2FY2026, leading to 12.85% fall in operating profit to Rs 1,716.33 crore. Other expenditure as a percentage of total income moved up to 79.37% from 73.96% in Q2FY2027. The staff cost as a percentage of total income declined to 7.01% from 7.79% in Q2FY2027.

Other income declined 0.22% to Rs 45.89 crore. Interest cost remained nil. Provisions increased 62.48% to Rs 20.89 crore. After which, PBT moved down 13.90% to Rs 1,783.11 crore.

The effective tax rate declined to 24.31% in Q2FY2027 compared to 24.35% in Q2FY2026. Provision for tax was expense of Rs 433.54 crore, compared to Rs 504.36 crore. Profit after tax fell 13.85% to Rs 1,349.57 crore.

ICICI Lombard General Insurance Company : Standalone Results
Particulars	2609 (3)	2509 (3)	Var (%)	2609 (6)	2509 (6)	Var (%)	2603 (12)	2503 (12)	Var (%)
Income from Operations	6651.87	5651.65	17.7	12601.91	10787.74	16.82	22263.57	19800.2	12.44
OPM (%)	18.48	17.99	49 bps	13.62	18.26	-464 bps	15.97	16.34	-37 bps
OP	1229.26	1016.97	20.87	1716.33	1969.31	-12.85	3554.6	3235.04	9.88
Other Inc.	32.29	33.02	-2.21	45.89	45.99	-0.22	93.75	39.89	135.02
PBDIT	1261.55	1049.99	20.15	1762.22	2015.3	-12.56	3648.35	3274.93	11.4
Interest	0	0	-	0	0	-	0	0	-
PBDT	1261.55	1049.99	20.15	1762.22	2015.3	-12.56	3648.35	3274.93	11.4
Depreciation	0	0	-	0	0	-	0	0	-
Profit before Tax & Provisions	1261.55	1049.99	20.15	1762.22	2015.3	-12.56	3648.35	3274.93	11.4
Provisions	14.14	-27.28	LP	-20.89	-55.68	62.48	-10.58	-46.38	77.19
PBT before EO	1247.41	1077.27	15.79	1783.11	2070.98	-13.9	3658.93	3321.31	10.17
EO	0	0	-	0	0	-	0	0	-
PBT after EO	1247.41	1077.27	15.79	1783.11	2070.98	-13.9	3658.93	3321.31	10.17
Tax Expenses	301.01	257.73	16.79	433.54	504.36	-14.04	886.99	813.02	9.1
PAT	946.4	819.54	15.48	1349.57	1566.62	-13.85	2771.94	2508.29	10.51
EPS (Rs)*	75.8	65.6	?	54.0	62.7	?	55.5	50.2	?
* Annualised on current equity of Rs 499.65 crore, Face value of Rs 10, Excluding extraordinary items.
Figures in Rs crore, Source: Capitaline Corporate Database

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ICICI Lombard General Insurance Company : Standalone Segment Results
?	% of (Total)	2609 (3)	2509 (3)	Var.(%)	% of (Total)	2609 (6)	2509 (6)	Var.(%)	% of (Total)	2603 (12)	2503 (12)	Var.(%)
Segment Revenue	?	?	?	?	?	?	?	?	?	?	?	?
Fire	2.52	197.88	234.71	-15.69	2.45	358.48	433.1	-17.23	3.46	895.87	844.46	6.09
Marine	2.71	212.62	171.62	23.89	2.7	396.28	329.91	20.12	2.61	676.61	651.82	3.8
Health	41.73	3273.05	2201.2	48.69	40.28	5904.54	4240.15	39.25	34.96	9053.12	7460.94	21.34
Miscellaneous	4.94	387.83	374.04	3.69	5.13	751.67	719.8	4.43	5.58	1445.67	1260.73	14.67
Crop Insurance	0.15	11.89	231.34	-94.86	0.15	21.81	242.87	-91.02	1.26	327.09	447.14	-26.85
Motor	47.94	3760.45	3369.76	11.59	49.29	7224.65	6700.2	7.83	52.12	13496.58	12271.51	9.98
Total Segment Revenue	100	7843.72	6582.67	19.16	100	14657.43	12666.03	15.72	100	25894.94	22936.6	12.9
Less: Inter segment revenues	?	0	0	-	?	0	0	-	?	0	0	-
Total Segment Revenue from Operations (Net)	100	7843.72	6582.67	19.16	100	14657.43	12666.03	15.72	100	25894.94	22936.6	12.9
PBIT	?	?	?	?	?	?	?	?	?	?	?	?
Fire	14.65	127.98	156.7	-18.33	13.9	153.87	268.21	-42.63	24.98	630.51	783.31	-19.51
Marine	1.17	10.2	-32.58	LP	-0.95	-10.49	-48.35	78.3	-2.92	-73.62	-7.2	-922.5
Health	-15.48	-135.25	65	PL	-26.35	-291.75	-8.96	-3156.14	-0.52	-13.03	-363.17	96.41
Miscellaneous	10.83	94.56	40.53	133.31	11.51	127.45	121.08	5.26	13.45	339.55	350.65	-3.17
Crop Insurance	2.65	23.14	-46.53	LP	3.36	37.15	-44.23	LP	1.05	26.52	35.72	-25.76
Motor	86.19	752.84	569.54	32.18	98.53	1091.03	1119.04	-2.5	63.95	1613.8	1467.61	9.96
Total PBIT	100	873.47	752.66	16.05	100	1107.26	1406.79	-21.29	100	2523.73	2266.92	11.33
Less : Interest	?	0	0	-	?	0	0	-	?	0	0	-
PBT	100	873.47	752.66	16.05	100	1107.26	1406.79	-21.29	100	2523.73	2266.92	11.33
Capital Employed	?	?	?	?	?	?	?	?	?	?	?	?
Fire	2.96	-364.28	-522.43	30.27	2.96	-364.28	-522.43	30.27	3.19	-385.12	-400.07	3.74
Marine	2.16	-265.58	-219.45	-21.02	2.16	-265.58	-219.45	-21.02	1.44	-174.29	-151.27	-15.22
Health	40.61	-4997.99	-4184.95	-19.43	40.61	-4997.99	-4184.95	-19.43	38.51	-4655.99	-3804.28	-22.39
Miscellaneous	8.2	-1008.59	-1073.54	6.05	8.2	-1008.59	-1073.54	6.05	8.18	-988.44	-1071.37	7.74
Crop Insurance	0.02	-2.21	-49.12	95.5	0.02	-2.21	-49.12	95.5	0	-0.14	-0.01	-1300
Motor	46.05	-5667.41	-5066	-11.87	46.05	-5667.41	-5066	-11.87	48.69	-5886.6	-5552.67	-6.01
Total Segment	100	-12306.1	-11115.5	-10.71	100	-12306.1	-11115.5	-10.71	100	-12090.6	-10979.7	-10.12
Add: Unallocated Corporate	?	0	0	-	?	0	0	-	?	0	0	-
Total	100	-12306.1	-11115.5	-10.71	100	-12306.1	-11115.5	-10.71	100	-12090.6	-10979.7	-10.12

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