ICICI Lombard General Insurance Company logo

ICICI Lombard General Insurance Company share price

NSE: ICICIGIBSE: 540716InsuranceMid Cap

ICICI Lombard General Insurance Company Limited · Face value ₹10 · Listed Sep 2017 · Issue price ₹661
Last close ₹1,580.80up ₹7.90 (0.50%)BSE ₹1,572.00

Share price at the NSE close on 30 Oct 2026. Previous close ₹1,572.90.

30 Oct: open ₹1,572.00, high ₹1,580.80, low ₹1,553.30

52-week range of traded prices to 30 Oct 2026
₹1,423.10Low, 15 Sep 2026₹2,064.90High, 13 Nov 2025
Market cap
₹78,979 Cr122nd largest listed
P/E
30.91
P/B
4.40
Dividend yield
0.89%
ROE
15.2%
Solvency
2.75times the capital required
Gross premium
₹30,618 Cr
Combined ratio
103.36%
Claims ratio
71.10%
Expense ratio
31.73%
Volume, NSE
2,83,77357.6% delivered

ICICI Lombard General Insurance Company share price chart

Daily closes since Sep 2017, adjusted for splits and bonuses

−21.5%over a year · Nifty 500 −8.2%

Results20-session average 8,60,112 shares a day, 53.8% delivered

About ICICI Lombard General Insurance Company

ICICI Lombard General Insurance Company Limited is a general insurer in India, covering vehicles, health, property and businesses rather than lives.1 It sells motor, health, travel, personal accident, crop, fire, marine, engineering and liability insurance to individuals, companies and government bodies through agents, banks, brokers and its own direct channels.12

Its businesses are a Retail Group, which sells to individuals and small enterprises through agents, brokers, banks, direct alliances, motor insurance service providers and digital platforms; a Corporate Solutions Group, for companies, specialised industries and emerging enterprises; and a Government and Rural Business Group, for central and state governments, government-owned bodies and rural communities.3 In 2021 it became the first private non-life insurer to set up an insurance office at the International Financial Services Centre in GIFT City, Gandhinagar, which it uses to underwrite international business.45

It was incorporated in 2000, with its registered office in Mumbai.6 It began as a joint venture between ICICI Bank and Fairfax, and in 2017 became the first non-life insurer to list its shares on the stock exchanges.7 In September 2021 it acquired the business of Bharti AXA General Insurance.8 ICICI Bank is its promoter and holding company, with a direct holding of 51.26% of its shares at the end of March 2026.9

ICICI Lombard General Insurance Company key points

Results

  • On the 1/n basis the regulator requires (multi-year premium spread over its years), gross direct premium income (GDPI, premium on policies it writes) was ₹67.92 billion in the quarter to Sep 2026, up 3.0%, and ₹151.10 billion in the half year, up 5.4%.1011
  • On that basis the company's profit after tax rose 15.5% to ₹9.46 billion in the quarter, from ₹8.20 billion, and fell 13.9% to ₹13.50 billion in the half year, from ₹15.67 billion; the quarter's combined ratio (claims and costs over premium) was 107.0%, against 105.1%.12
  • On the 'n' basis (multi-year premium counted in full when sold), the company's profit after tax rose 27.5% to ₹10.31 billion in the quarter and fell 5.8% to ₹14.54 billion in the half year; the quarter's combined ratio was 104.5%.1314
  • In the year to Mar 2026, GDPI, as the company presents it, rose 7.0% (1/n basis) to ₹287.12 billion, against industry growth of 9.3%; profit after tax rose 10.5% to ₹27.72 billion, from ₹25.08 billion; the combined ratio was 103.4%, against 102.8%.151617

Market position

  • In the year to Mar 2026 it ranked first among India's 28 private non-life insurers, including standalone health insurers, the company says, with 12.9% of their GDPI and 8.5% of the whole market.1819
  • Market share by line of business20
    Itemquarter to Sep 2026quarter to Sep 2025
    Marine cargo19.0%17.1%
    Liability16.6%16.1%
    Engineering16.4%15.8%
    Fire11.9%11.4%

Business segments

  • Share of GDPI by line of business21
    Itemyear to Mar 2026
    Health, travel and personal accident32%
    Motor third party20%
    Motor own damage20%
    Fire12%
    Marine3%
    Crop2%
    Others11%
    Third-party cover pays for harm to others; own-damage cover pays for the owner's vehicle.
  • Motor. Motor grew 13.0% in the half year to Sep 2026, against 13.1% for the industry, for a 10.3% market share. Private cars made up 49.8% of the motor portfolio, two-wheelers 28.1% and commercial vehicles 22.1%.22
  • Health. Retail health grew 66.4% in the half year to Sep 2026, against 32.0% for the industry, lifting its market share to 4.7% from 3.7% a year earlier. Group health grew 15.4%, for an 8.8% market share.2324
  • Commercial lines. Excluding fire, the commercial lines portfolio grew 20.0% in the quarter to Sep 2026 and 13.2% in the half year. Fire declined 21.2% in the quarter, after 32.1% in the previous quarter.25

Branches and reach

  • In its presentation of 14 Oct 2026, the company showed 345 branches, 830 brokers, 170,215 individual agents, including point-of-sale agents, 351 corporate agents and 15,231 employees. At the end of March 2026 its branches covered 28 states and 7 union territories.2627

Capital and investments

  • On the 'n' basis, the company's solvency ratio (available capital over the capital the regulator requires) was 2.74 times at the end of September 2026; the regulatory minimum is 1.50 times.13
  • Investment portfolio at cost28
    Itemhalf year to Sep 2026
    Corporate bonds36.9%
    Government securities35.5%
    Equity, including equity ETFs18.0%
    Mutual funds and AT1 bonds5.1%
  • In its presentation of 14 Oct 2026, the company said 89.6% of its debt portfolio is in sovereign or AAA-rated securities, by domestic credit rating.29

What the company expects

  • On its earnings call of 14 Oct 2026, the company said it plans to raise the contribution of digital sourcing from the current 6.0% to 15%.30
  • On its earnings call of 14 Oct 2026, the company said it underwrites motor insurance for a loss ratio (claims over earned premium) of 65% to 67% and retail health for 65% to 70%.3132
  • On its earnings call of 14 Oct 2026, the company said it recognised a reserving requirement of ₹1.65 billion for motor third-party claims in the quarter to Jun 2026, after a Supreme Court judgment, and expects no further provision.3334

Recent events

  • On 3 Aug 2026 the company marked 25 years of operations; to mark it, it unveiled 25 new solutions, including Complete Home Protect and Paw Care.35
  • On 12 Jun 2026 ICRA reaffirmed the company's issuer rating at [ICRA]AAA (Stable).36

Litigation and regulatory matters

  • On 7 Sep 2026 the insurance regulator, IRDAI, fined the company ₹1,00,00,000 over aspects of its outsourcing activities and issued further directions; the company said it expects no impact on its operations.3738
  • On 14 Jul 2026 the company said it had received, on 13 Jul 2026, an arbitral award ordering it to pay an insured ₹776.73 million plus 7.5% yearly interest over Bharti AXA General Insurance policies; it was evaluating legal remedies; its documents give no later outcome.398
  • In its filing of 23 Jan 2026, the company said the Bombay High Court had granted a temporary stay of a GST order it had challenged, demanding ₹17,28,86,10,803 plus a ₹1,72,88,61,079 penalty for July 2017 to March 2022; its documents give no later outcome.40

Last updated

All 40 sources, each with its page
  1. 1. Annual report, 27 May 2026, page 250
  2. 2. Annual report, 27 May 2026, page 61
  3. 3. Annual report, 27 May 2026, page 62
  4. 4. Annual report, 27 May 2026, page 123
  5. 5. Annual report, 27 May 2026, page 62
  6. 6. Annual report, 27 May 2026, page 1
  7. 7. Annual report, 27 May 2026, page 77
  8. 8. Exchange filing, 14 Jul 2026, page 3
  9. 9. Annual report, 27 May 2026, page 31
  10. 10. Investor presentation, 14 Oct 2026, page 3
  11. 11. Investor presentation, 14 Oct 2026, page 23
  12. 12. Investor presentation, 14 Oct 2026, page 21
  13. 13. Investor presentation, 14 Oct 2026, page 4
  14. 14. Investor presentation, 14 Oct 2026, page 20
  15. 15. Annual report, 27 May 2026, page 165
  16. 16. Annual report, 27 May 2026, page 251
  17. 17. Annual report, 27 May 2026, page 73
  18. 18. Annual report, 27 May 2026, page 165
  19. 19. Annual report, 27 May 2026, page 166
  20. 20. Earnings call, 14 Oct 2026, page 7
  21. 21. Annual report, 27 May 2026, page 62
  22. 22. Earnings call, 14 Oct 2026, page 7
  23. 23. Earnings call, 14 Oct 2026, page 7
  24. 24. Earnings call, 14 Oct 2026, page 8
  25. 25. Earnings call, 14 Oct 2026, page 6
  26. 26. Investor presentation, 14 Oct 2026, page 16
  27. 27. Annual report, 27 May 2026, page 166
  28. 28. Investor presentation, 14 Oct 2026, page 24
  29. 29. Investor presentation, 14 Oct 2026, page 17
  30. 30. Earnings call, 14 Oct 2026, page 9
  31. 31. Earnings call, 14 Oct 2026, page 24
  32. 32. Earnings call, 14 Oct 2026, page 14
  33. 33. Earnings call, 14 Oct 2026, page 12
  34. 34. Earnings call, 14 Oct 2026, page 7
  35. 35. Earnings call, 14 Oct 2026, page 8
  36. 36. Exchange filing, 12 Jun 2026, page 1
  37. 37. Exchange filing, 8 Sep 2026, page 3
  38. 38. Exchange filing, 8 Sep 2026, page 5
  39. 39. Exchange filing, 14 Jul 2026, page 1
  40. 40. Exchange filing, 23 Jan 2026, page 1

Results

Standalone; ₹ crore. Gross premium is what policyholders paid in the period, before the part passed on to reinsurers.ICICI Lombard General Insurance Company quarterly results

Gross premium growth, 12 months
+14.3%
Net profit growth, 12 months
−8.8%

Quarter to Sep 2026, against the quarter before

Gross premium
₹7,702 Cr
Net profit
₹946 Crup 134.74%

Gross premium by quarter

₹6,474 CrDec 24₹6,904 CrMar 25₹8,053 CrJun 25₹7,059 CrSep 25₹7,433 CrDec 25₹8,074 CrMar 26₹8,860 CrJun 26₹7,702 CrSep 26
Peak gross premium ₹8,860 Cr, quarter to Jun 2026; lowest ₹6,474 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹724 CrDec 24₹510 CrMar 25₹747 CrJun 25₹820 CrSep 25₹659 CrDec 25₹547 CrMar 26₹403 CrJun 26₹946 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Gross premium6,4746,9048,0537,0597,4338,0748,8607,702
Net profit724510747820659547403946
Standalone. The last eight quarters. The latest is shaded.

Business segments

Share of revenue, year to Mar 2026, standalone.Segment revenue and profit

  • Motor₹11,025 Crup 9.70%49.5%
  • Health: group₹6,303 Crup 12.07%28.3%
  • Health: retail₹2,100 Crup 51.44%9.4%
  • Group and corporate, other than health₹1,082 Crup 12.00%4.9%
  • Fire₹690 Crup 5.96%3.1%
  • Marine₹624 Crup 2.77%2.8%
  • Crop₹293 Crdown 31.04%1.3%
  • Retail, other than health₹137 Cr0.6%
  • Health: government schemes₹9 Cr0.0%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.ICICI Lombard General Insurance Company PE ratio and valuation

Price to earnings

At or below today's level on 2% of 1,730 trading days since Jul 2019.

LowestHighest
Its median42.64Industry median39.29
Price to book

At or below today's level on 1% of 1,987 trading days since Feb 2018.

LowestHighest
Its median7.12Industry median4.60
Dividend yield

At or below today's level on 97% of 2,242 trading days since Oct 2017.

LowestHighest
Its median0.61%Industry median0.68%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−3.8%+9.9%−13.1%0.8%
3 years+17.7%+16.5%+0.3%0.7%
5 years+4.4%+11.5%−7.0%0.8%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.ICICI Lombard General Insurance Company shareholding pattern

Shareholding by group

  • Promoters51.28%
  • Foreign institutions18.34%
  • Indian institutions23.93%
  • Individuals and others6.45%
Holder
ICICI BANK LIMITEDPromoter51.15%
NPS TRUSTProvident and pension funds2.34%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I2.09%
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED ( NOW ICICI LIFE INSURANCE COMPANY LIMITED)Promoter0.13%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters +0.06 pts, foreign institutions −3.11 pts, Indian institutions +3.18 pts, mutual funds +3.01 pts.

Mutual fund holdings

237 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 94 of the 127 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 237 funds holding ICICI Lombard General Insurance Company

Bought for the first time
2
Bought again
8
Added
86
Cut
41
Held unchanged
96
Sold out
12
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 1 Nov 2025.ICICI Lombard General Insurance Company insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 14 pledge filings of unclear kind
  • Others: no market trade · 95 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

ICICI Lombard General Insurance Company competitors and peers

Insurance, 12 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to ICICI Lombard General Insurance Company in market cap. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Life Insurance Corporation of India logoLife Insurance Corporation of IndiaLICI4,84,8118.072.53+10.3%+23.3%36.3%–2.61%
SBI Life Insurance Company logoSBI Life Insurance CompanySBILIFE1,66,42562.678.10+16.9%+8.2%13.7%–0.16%
HDFC Life Insurance Company logoHDFC Life Insurance CompanyHDFCLIFE1,14,03955.675.86+17.8%+8.2%11.2%–0.40%
General Insurance Corporation of India logoGeneral Insurance Corporation of IndiaGICRE54,5366.060.90+6.6%−6.1%15.7%–4.26%
Max Financial Services logoMax Financial ServicesMFSL41,414–7.24+17.6%––4.1%0.00%
Star Health and Allied Insurance Company logoStar Health and Allied Insurance CompanySTARHEALTH31,22129.624.11–+97.7%14.4%–0.00%
The New India Assurance Company logoThe New India Assurance CompanyNIACL26,193–1.13+5.6%−152.2%−2.4%–0.94%
Go Digit General Insurance logoGo Digit General InsuranceGODIGIT24,10948.965.09+8.3%+6.6%11.0%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

Dividends

Per share, by the year it was paid for, and the latest payments.ICICI Lombard General Insurance Company dividend history

Dividend per share, ₹, restated for later splits and bonuses

3.3Mar 186Mar 193.5Mar 208Mar 219Mar 2210Mar 2311Mar 2413Mar 2514Mar 267Mar 27so far
Highest ₹13.50 a share, year to Mar 2026.
Ex-dateTypePer share
23 Oct 2026Interim₹7.00
29 May 2026Final₹7.00
23 Oct 2025Interim₹6.50
6 Jun 2025Final₹7.00
28 Oct 2024Interim₹5.50
7 Jun 2024Final₹6.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.ICICI Lombard General Insurance Company announcements

ICICI Lombard General Insurance Company share price by year

Each calendar year to 2025.ICICI Lombard General Insurance Company share price history

YearClose at year endChangeHighest closeLowest close
20251,962.10+9.8%2,063.601,639.70
20241,787.75+25.9%2,275.201,372.80
20231,420.10+14.8%1,480.001,059.60
20221,236.80−11.7%1,449.551,107.70
20211,401.25−7.9%1,638.051,315.50
20201,520.85+9.7%1,521.55826.30
20191,386.80+60.4%1,431.90817.85
2018864.45+11.5%921.40696.75
2017775.50–800.00666.20
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 27 Sep 2017.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 20261,583.701,584.401,559.001,572.901,564.944,02,12162.2%
28 Oct 20261,578.001,588.001,560.001,583.801,577.583,57,39954.1%
27 Oct 20261,575.001,583.901,556.101,576.201,573.683,23,19255.3%
26 Oct 20261,589.901,603.801,570.001,580.001,585.606,35,70856.4%
23 Oct 20261,617.101,625.201,580.001,592.001,593.702,72,90947.5%
22 Oct 20261,625.201,652.101,616.501,633.001,634.843,06,09247.9%
21 Oct 20261,655.001,662.401,626.301,640.001,636.715,45,72061.7%
19 Oct 20261,681.001,694.501,642.001,650.001,652.645,10,96355.4%
16 Oct 20261,685.101,703.101,660.201,680.101,678.3615,50,07263.0%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Rakesh Jha
At the end of the quarter to Sep 2026
Managing director and CEO
Sanjeev Radheyshyam Mantri
At the end of the quarter to Sep 2026
NSE symbol
ICICIGI
BSE code
540716
ISIN
INE765G01017
Industry
Insurance
CIN
L67200MH2000PLC129408
Corporate identity number, the registrar of companies' code for it
Incorporated
2000
Registered office
ICICI Lombard House, 414 Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi, Mumbai 400025, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments