ICICI Lombard General Insurance Q1 FY27 Results: PAT Declines 46% YoY
ICICI Lombard General Insurance reported healthy premium growth in Q1 FY27, led by health and motor insurance. However, higher underwriting losses weighed on profitability, resulting in a sharp decline in net profit during the quarter.
ICICI Lombard reported mixed Q1 FY27 results as Gross Premium Written crossed ₹8,860 crore, driven by strong health and motor insurance growth. However, higher underwriting losses led to a 46% year-on-year decline in profit after tax, while the solvency ratio remained strong.
ICICI Lombard Q1 Results 2027: ICICI Lombard General Insurance reported a mixed performance for the first quarter of FY27. While premium growth remained healthy across key business segments, profitability came under pressure due to higher underwriting losses. Gross Premium Written (GPW) crossed ₹8,860 crore, driven by strong growth in health and motor insurance, although Profit After Tax (PAT) declined on both a year-on-year and a quarterly basis.
ICICI Lombard General Insurance Q1 FY27 Results Highlights
-
Total Income increased to ₹6,813.71 crore, up 12.01% YoY from ₹6,083.36 crore. Compared with Q4 FY26, total income rose 2.95% from ₹6,618.76 crore.
-
Profit After Tax (PAT) came in at ₹403.17 crore, down 46.04% YoY from ₹747.08 crore. Compared with the March quarter, PAT declined 26.24% from ₹546.56 crore.
-
PAT Margin stood at 5.92%, compared with 12.28% in Q1 FY26 and 8.26% in Q4 FY26. The margin contracted by 6.36 percentage points YoY and 2.34 percentage points QoQ.
-
Basic Earnings Per Share (EPS) declined to ₹8.08, compared with ₹15.06 in the corresponding quarter last year and ₹10.97 in Q4 FY26, reflecting a 46.35% YoY and 26.34% QoQ decline.
|
Particulars (Cr) |
Q1 FY27 |
Q4 FY26 |
QoQ Growth |
Q1 FY26 |
YoY Growth |
|---|---|---|---|---|---|
|
Total Income |
6,813.71 |
6,618.76 |
2.9% |
6,083.36 |
12.0% |
|
Underwriting Profit/(Loss) |
(629.88) |
(282.38) |
-123.1% |
(293.14) |
-114.9% |
|
Profit After Tax (PAT) |
403.17 |
546.56 |
-26.2% |
747.08 |
-46.0% |
|
PAT Margin (%) |
5.92% |
8.26% |
-2.34 pp |
12.28% |
-6.36 pp |
|
Solvency Ratio (x) |
2.71 |
2.67 |
1.50% |
2.7 |
0.37% |
|
Incurred Claim Ratio (%) |
76.40% |
70.80% |
5.6PP |
73.00% |
3.4pp |
|
Basic EPS (₹) |
8.08 |
10.97 |
-26.3% |
15.06 |
-46.3% |
ICICI Lombard General Insurance Q1 FY27 Segment Performance
|
Segment (Cr) |
Q1 FY27 |
Q4 FY26 |
QoQ Growth |
Q1 FY26 |
YoY Growth |
|---|---|---|---|---|---|
|
Fire |
160.60 |
223.49 |
-28.1% |
198.39 |
-19.0% |
|
Marine |
183.66 |
171.36 |
7.2% |
158.29 |
16.0% |
|
Health Retail |
719.16 |
637.90 |
12.7% |
488.87 |
47.1% |
|
Health Group Corporate |
1,906.30 |
1,867.50 |
2.1% |
1,547.67 |
23.2% |
|
Health Government Business |
6.03 |
3.34 |
80.5% |
2.41 |
150.2% |
|
Miscellaneous Retail |
43.04 |
42.40 |
1.5% |
38.57 |
11.6% |
|
Miscellaneous Group Corporate |
321.80 |
314.50 |
2.3% |
307.19 |
4.8% |
|
Crop Insurance |
9.92 |
19.77 |
-49.8% |
11.53 |
-14.0% |
|
Motor |
3,464.20 |
3,331.20 |
4.0% |
3,330.44 |
4.0% |
Source: ICICI Lombard General Insurance Q1 FY27 Financial Results
READ THIS ALSO: Groww Q1 FY27 Results
ICICI Lombard General Insurance Share Price Today
As of 15th July, 3:30 PM
Before announcing its Q1 FY27 results, ICICI Lombard General Insurance shares closed at ₹1,814.60 on the NSE, gaining ₹26.50 (1.48%) during Wednesday's trading session.