ICICI Lombard reported mixed H1 FY2026 results.

Gross Direct Premium Income (GDPI) showed a slight de-growth of 0.5% to 14,331 Cr for H1 FY2026 and 1.9% to 6,596 Cr for Q2 FY2026, largely due to a new accounting norm.

However, excluding this norm, GDPI grew a healthier 4.2% for H1 FY2026. The company focuses on profitable growth through a diversified product portfolio and distribution.

Key strategies include product innovation, strengthening distribution, prudent underwriting, and leveraging technology for customer service.

Digital initiatives like the IL TakeCare app and AI-powered solutions are central.

Recent highlights include an interim dividend of ₹6.50 per share.

Retail Health market share expanded, with individual health GDPI jumping 29.9%. Motor business grew 2.2% in H1 FY2026, boosted by strong new private car sales (up 17.8% in Sep). Commercial lines also saw robust growth.

MSCI upgraded its ESG rating to "AAA." Profit Before Tax (PBT) surged 22.3% to 2,071 Cr for H1 FY2026, and Profit After Tax (PAT) grew 22.9% to 1,567 Cr.

Return on Average Equity (ROAE) stood at 20.8% for H1 FY2026. Solvency ratio is strong at 2.73x. The company maintains its focus on conscious underwriting and pricing discipline.

India's non-life insurance market remains significantly underpenetrated, indicating strong long-term potential.