ICICI Lombard shares reclaim ₹1 lakh crore mcap first time in 10 months after Q1 earnings; check details

The general insurance company has reported a 28.7% year-on-year (YoY) increase in its net profit to ₹747 crore in the first quarter of Q1 FY26, compared to the ₹580 crore it clocked in the year-ago period.

Its net total income stood at ₹6,083 crore in the quarter under review, improving 13.7% YoY from ₹5,352 crore in the June quarter of FY25. Furthermore, its gross direct premium income (GDPI) grew by 0.6% YoY to ₹7,735 crore, as against ₹7,688 crore last year. The GDPI growth fell short of the industry growth of 8.8% YoY.

Its net premium surged 14% YoY to ₹5,136 crore during the quarter, as against ₹4,504 crore in Q1FY25. Meanwhile, its combined ratio expanded to 102.9% in contrast to 102.3% in the corresponding quarter a year earlier and 102.5% in the fourth quarter of FY25.

At the time of writing the piece, shares of ICICI Lombard were seen at ₹2,034.10 apiece, rising 1.57% on the National Stock Exchange. ICICI Lombard has a total market capitalisation of ₹1.01 lakh crore.

The firm reclaimed ₹1 lakh crore in market capitalisation for the first time since September 2024.

Over a month, ICICI Lombard’s shares have gained nearly 5%, while year-to-date it has surged over 12.4%.

The stock had reached a 52-week low of ₹1,613.70 on March 4, 2025; it had hit a year’s high of ₹2,301.90 apiece on September 23, 2024.

In the June FY26 quarter, ICICI Lombard clocked an advanced premium of ₹3,807 crore, up from ₹3,717 crore on March 31, 2025.

The company’s solvency ratio was higher than the regulatory requirement of 1.5x, standing at 2.7 times as of June 30, 2025, compared to 2.69x as of March 31, 2025.

"In the backdrop of elevated competitive intensity, we continue to drive our strategy in motor insurance based on granular portfolio segmentation and distribution expansion," the company said.