ICICI Lombard Approves Quarter Results for June 30, 2026; Extends Key Investment Officer's Tenure

ICICI Lombard Approves Quarter Results for June 30, 2026; Extends Key Investment Officer's Tenure​

ICICI Lombard General Insurance Company Limited announced the approval of its audited financial statements and results for the quarter ended June 30, 2026. The Board of Directors also approved the extension of tenure for Mr. Vinod Mahajan, Chief Investment Officer (CIO), who is an existing Key Management Personnel of the company.

The Board Meeting was held on July 15, 2026. Based on these approvals, the company's financial performance saw a net profit of 40,317 lakhs for the quarter, amid substantial Gross Premiums Written and prudent risk management indicators.

Financial Performance Highlights​

For the three months ending June 30, 2026, the company reported strong top-line growth. Gross Premium written totaled 1,402,021 lakhs. Net Premium written stood at 660,373 lakhs, reflecting the performance against previous periods. Total income for the quarter was reported at 125,018 lakhs, against operating expenses of 42,812 lakhs.

This resulted in a quarterly profit (PAT) of 40,317 lakhs. The company's financial health indicators reflected effective risk management and profitability within the insurance sector.

Key operational metrics for the quarter ended June 30, 2026 included:

• Incurred Claim Ratio: 76.4%
• Risk-Based Combined Ratio: 74.5%
• Profit/(Loss) after tax (PAT): 40,317 lakhs

The results are detailed in the table below, presenting critical operating metrics against prior periods:


Note: The source states "14 GM" for the March 31, 2026 figure, interpreted as millions in line with other figures.

Personnel and Corporate Governance Decisions​

The Board of Directors utilized the meeting to address key personnel matters. Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the extension of tenure for Mr. Vinod Mahajan, Chief Investment Officer (CIO) and an existing Key Management Person and Senior Management Personnel of the Company. His contract was extended from May 1, 2027 till April 30, 2029, extending his retirement date originally set for April 30, 2027.

Audit Opinion and Reserves Valuation​

The quarterly financial results were audited by the joint statutory auditors, Walker Chandlok & Co LLP and B S & Co. LLP, who issued an unmodified opinion on the results. The audit covered the condensed interim financial statements prepared in accordance with Accounting Standard (AS) 25, "Interim Financial Reporting," and relevant IRDAI guidelines.

The company's Appointed Actuary certified the actuarial valuation of liabilities related to Premium Deficiency Reserve (PDR), Incurred But Not Reported (IBNR), and Incurred But Not Enough Reported (IBNER) for non-life policies in force, on which the financial results are based.

Balance Sheet Snapshot​

The company maintained a strong balance sheet position as of June 30, 2026. Total Assets stood at 1,517,224 lakhs, while total liabilities were reported at 49,927 lakhs. Key assets included Policyholders' Funds amounting to 4,540,716 lakhs and Investments—Shareholders at 1,517,224 lakhs.

In terms of solvency, the balance sheet showed a Surplus of 1,649,898 lakhs, with Shareholders' Funds reported at 968 lakhs for the quarter.

ICICIGI Stock Price Movement​

Today, shares of ICICI Lombard General Insurance Company Limited rallied by 1.5%, concluding trading at ₹1814.60. The stock traded within a tight range, hitting a low of ₹1790.90 and a high of ₹1821.90, while completing the session with 637,190 shares exchanged.