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ICICI Lombard's net profit fell 9% YoY to ₹658.8 crore in Q3FY26 due to higher costs, despite premium growth.
ICICI Lombard reported a 9% year-on-year decline in net profit to ₹658.8 crore for Q3FY26, driven by higher expenses, including a one-time ₹53 crore gratuity cost from new labor laws and a 16.2% rise in total costs.
Despite a 15% increase in gross written premium to ₹7,433 crore and strong retail health insurance growth, profitability pressures emerged with a worsening combined ratio of 104.5%.
The company maintained a strong solvency ratio of 2.69x, well above the regulatory minimum.
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El beneficio neto de ICICI Lombard cayó un 9% interanual a ₹ 658.8 crore en el Q3FY26 debido a los costos más altos, a pesar del crecimiento de las primas.