ICICI Lombard General Insurance released its financial results for the October–December quarter of FY26 on January 13, 2026. The company reported a drop in profitability during the period, even as premium collections continued to expand at a healthy pace.

Earnings and operating performance

The insurer’s net profit declined 9% year-on-year to ₹658.76 crore in Q3 FY26, compared with ₹724.38 crore recorded in the same quarter of the previous fiscal. Operating profit also moderated, falling 16.6% to ₹571.09 crore from ₹685.36 crore a year earlier, reflecting pressure on margins.

Premium growth remains strong

Despite weaker profits, ICICI Lombard delivered solid growth in premium income. Net premium earned during the quarter rose 12.6% to ₹5,685.30 crore, up from ₹5,045.17 crore in the corresponding quarter last year. The increase was largely supported by higher health insurance business volumes.

Health insurance continues to lead expansion

The health portfolio remained the biggest growth engine for the insurer.

• Retail health premiums surged to ₹551.32 crore, compared with ₹356.78 crore in the same period last year.
• Corporate health premiums increased to ₹1,612.18 crore from ₹1,414.72 crore in the year-ago quarter.

Strong demand for both retail and group health policies helped offset pressure on profitability during the quarter.

Summary

ICICI Lombard reported a 9% decline in net profit to ₹658.76 crore in Q3 FY26, along with a 16.6% fall in operating profit. However, net premium income grew 12.6% year-on-year to ₹5,685.30 crore. The health insurance segment—both retail and corporate—was the key driver of premium growth, even as margins came under pressure.

This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.

Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.