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ICICI Lombard General Insurance Company Ltd

| Audited Results – Q4 & FY2026

Report Source

⬤15th Apr 26

Summary : ICICI Lombard announced FY26 results, recommended dividend, appointed new director, and granted employee stock options.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Commissions & Brokerage (net): ₹118,757 lakhs (Q4 FY26), ₹448,419 lakhs (FY26).
  2. Operating Expenses (Employees' remuneration): ₹42,456 lakhs (Q4 FY26), ₹172,828 lakhs (FY26).
  3. Operating Expenses (Other operating expenses): ₹36,098 lakhs (Q4 FY26), ₹133,027 lakhs (FY26).
  4. Incurred Claims (Claims Paid): ₹392,474 lakhs (Q4 FY26), ₹1,354,120 lakhs (FY26).
  5. Incurred Claims (Change in Outstanding Claims): ₹17,506 lakhs (Q4 FY26), ₹228,727 lakhs (FY26).
  6. Gross Premiums written: ₹807,370 lakhs (Q4 FY26), ₹3,061,809 lakhs (FY26).
  7. Net Premium written: ₹648,744 lakhs (Q4 FY26), ₹2,337,448 lakhs (FY26).
  8. Premium Earned (Net): ₹579,053 lakhs (Q4 FY26), ₹2,226,357 lakhs (FY26).
  9. Income from investments (net): ₹79,668 lakhs (Q4 FY26), ₹354,736 lakhs (FY26).
  10. Other income: ₹3,155 lakhs (Q4 FY26), ₹8,401 lakhs (FY26).
  11. Net cash from operating activities: ₹262,197 lakhs (FY26).
  12. Net cash from investing activities: ₹(173,272) lakhs (FY26).
  13. Net cash from financing activities: ₹(57,167) lakhs (FY26).
  14. Share capital: ₹49,849 lakhs (March 31, 2026).
  15. Reserves and Surplus: ₹1,634,742 lakhs (March 31, 2026).
  16. Investments - Shareholders: ₹1,492,870 lakhs (March 31, 2026).
  17. Investments - Policyholders: ₹4,349,257 lakhs (March 31, 2026).
  18. Total Assets: ₹1,607,225 lakhs (March 31, 2026).
  19. The report refers to the Company's standalone financial results.

Corporate Overview

  1. India
  2. General insurance company
  3. Formal and informative, announcing board meeting outcomes.
  4. Fire
  5. Marine
  6. Health (Retail, Group, Government)
  7. Miscellaneous (Retail, Group)
  8. Crop Insurance
  9. Motor

Risk Factors

  1. Reliance on Appointed Actuary for liabilities.
  2. Impact from new labor codes on benefits.
  3. Industry seasonality affects financial performance.
  4. Market volatility impacts investment valuations.

Key Drivers

  1. Final dividend of ₹7.0 per share recommended.
  2. Auditors issued an unmodified opinion.
  3. New independent director appointed to board.
  4. Employee stock options and units granted.

Auditor’s Report

  1. Unmodified opinion
  2. Reliance on Appointed Actuary's certificate for actuarial valuation of liabilities (IBNR, IBNER, PDR).
  3. Financial results include balancing figure between full year and Q3 audited figures.

Board Commentary

  1. Appointment of Mr. Shyam Srinivasan as Additional Director.
  2. Mr. Srinivasan appointed as Non-executive, Independent Director.
  3. Term of 5 years from April 15, 2026 to April 14, 2031.
  4. Appointment subject to approval by Members of the Company.
  5. Recommended final dividend of ₹7.0/- per equity share for FY26.
  6. Dividend is 70% of face value of ₹10/- per share.
  7. Subject to approval by Members at the Annual General Meeting.
  8. Compliance with SEBI Listing Regulations and IRDAI circulars.
  9. New Labour Codes effective Nov 21, 2025, impacting employee benefits.
  10. Incremental liability of 5,509 lakhs charged due to new Labour Codes.
  11. Approved grant of up to 1.7 million stock options (ESOS-2005).
  12. Approved grant of up to 1.05 million stock units (ESUS-2023).

Corporate Governance

  1. Appointment of a Non-executive, Independent Director.
  2. Audit Committee
  3. Board Nomination and Remuneration Committee

Management Discussion & Analysis

Critical Risks

  1. Actuarial valuation of liabilities (IBNR, IBNER, PDR) relies on Appointed Actuary.
ICICI Lombard General Insurance Company Ltd (ICICIGI) Quarterly Report Analysis & Insights | Dhanarthi