| Revenue growth | 7.5% GDPI growth in Q1 FY2027. |
|---|---|
| Margins | CoR deteriorated to 107.2% from 102.9% YoY. |
| Demand visibility | Strong retail vehicle sales and healthy bank credit growth. |
| Management confidence | High; citing market leadership and prudent reserving despite headwinds. |
Growth
GDPI grew 7.5% YoY; PAT de-grew 46.0% to ₹4.03 billion due to large fire losses and Motor TP provisioning.
Outlook
Management expects Motor TP price hikes; focus on SME segment and digital adoption via IL TakeCare app.
Risks
Regulatory risks from Supreme Court judgements impacting Motor TP; intense competitive pricing in fire insurance segments.
Last quarter's promises, checked
Delivered
- Guided Motor loss ratio 65%-67% → delivered 66.3% (= BEAT)
- Guided Retail Health indemnity loss ratio 65%-70% → delivered 64.6% (= BEAT)
- Guided dividend payout ~25% of PAT → delivered ₹13.50/share (~25%) (= BEAT)
Partly delivered
- Guided positive H2 growth momentum into Q1 → delivered 7.5% GDPI growth (slowdown from 18.2% in Q4) (= PARTIAL)
Missed
- Guided industry-leading CoR → delivered 107.2% in Q1FY27 vs 102.9% YoY (= MISS)
Earnings Call filed with NSE, NSE: ICICIGI. Summary written with AI assistance from the document.
ICICI Lombard General Insurance Company Ltd: key numbers
- Share price
- ₹1,586.90
- Market cap
- ₹79,289 Cr
- Revenue (annual)
- ₹26,994 Cr
- Net profit (annual)
- ₹2,772 Cr
- P/E (TTM)
- 32.7×Sector 21.9×
- Promoter holding
- 51.22%-0.07% QoQ
- FII holding
- 21.45%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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