Acko General Insurance vs ICICI Lombard General Insurance
Acko General Insurance founded 2016 (10 years) · ICICI Lombard General Insurance founded 2001 (25 years) · 17 balance-sheet metrics below (Solvency, Investment Mix/Exposure, Book Value per Share, etc.) are point-in-time snapshots — shown as of the latest available period, not a quarter-vs-year comparison.
Rows that only exist in one period type always show, regardless of this toggle.
Portfolio mix — Retail / Hybrid / Commercial (latest quarter)
| Acko General Insurance | ICICI Lombard General Insurance | |
|---|---|---|
| Retail | 38.1% | 33.7% |
| Hybrid | 53.5% | 38.9% |
| Commercial | 8.4% | 27.4% |
Mix divergence score: 19.0 pts (used below to flag mix-sensitive blended ratios).
Premium
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| gross written premium Quarter | 749 ₹ crore QoQ —YoY ▲ 42.3% | 8,297 ₹ crore QoQ ▼ 71.1%YoY — | 1458.3 | Q1 FY26-27 |
| gross written premium Year | 2,065 ₹ crore YoY ▲ 10.4% | 26,833 ₹ crore YoY ▲ 8.3% | 8218.3 | FY24-25 |
Solvency
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| solvency ratio Higher is better. | 1.59 × QoQ ▼ 15.4%YoY ▼ 32.9% | 2.00 × QoQ ▬ 0.0%YoY ▬ 0.0% | 2.0 | Q1 FY26-27 |
Solvency Margin
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| required solvency margin | 50,918 ₹ lakh | 5,56,784 ₹ lakh | 178009.0 | Q1 FY26-27 |
| available solvency margin | 80,829 ₹ lakh | 15,01,016 ₹ lakh | 271557.0 | Q1 FY26-27 |
Claim Settlement
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| claim settlement ratio Year No quarter data for this metric — always shows year regardless of the toggle above. Higher is better. | 88.6 % YoY ▲ 0.8% | 81.0 % YoY ▲ 0.0% | 82.1 | FY24-25 |
Incurred Claims
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| incurred claims ratio Quarter Lower is better. | 72.9 % QoQ ▲ 12.6%YoY ▲ 5.8% | 76.4 % QoQ ▲ 7.9%YoY ▲ 4.7% | 85.6 | Q1 FY26-27 |
| incurred claims ratio Year Lower is better. | 66.3 % YoY ▼ 5.3% | 71.1 % YoY ▲ 0.7% | 81.2 | FY25-26 |
Combined Ratio
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| combined ratio Quarter Lower is better. | 111.7 % QoQ ▼ 0.7%YoY ▲ 1.7% | 107.2 % QoQ ▲ 5.9%YoY ▲ 4.2% | 120.4 | Q1 FY26-27 |
| combined ratio Year Lower is better. | 108.5 % YoY ▼ 13.8% | 103.4 % YoY — | 115.2 | FY25-26 |
Expense Ratio
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| expense ratio to gross premium Quarter Lower is better. | 43.9 % | 28.8 % | 31.0 | Q1 FY26-27 |
| expense ratio to gross premium Year Lower is better. | 38.7 % | 31.7 % | 31.9 | FY25-26 |
| expense ratio Quarter No year data for this metric — always shows quarter regardless of the toggle above. Lower is better. | 38.8 % | 36.2 % | 34.8 | Q1 FY26-27 |
Financial Position
3 metrics below have no year data — all always show quarter, regardless of the toggle above.
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| profit after tax | -29 ₹ crore QoQ ▼ 286.8%YoY ▼ 185.3% | 403 ₹ crore QoQ ▼ 26.2%YoY ▼ 46.0% | 16.5 | Q1 FY26-27 |
| return on net worth Higher is better. | -3.6 % | 2.4 % | 2.8 | Q1 FY26-27 |
| profit before tax | -29 ₹ crore QoQ ▼ 286.8%YoY ▼ 185.3% | 536 ₹ crore QoQ ▼ 25.4%YoY ▼ 46.1% | 19.6 | Q1 FY26-27 |
Underwriting
6 metrics below have no year data — all always show quarter, regardless of the toggle above.
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| operating profit ratio Higher is better. | -6.1 % | 3.9 % | -2.6 | Q1 FY26-27 |
| underwriting balance ratio Higher is better. | -16.0 % | -0.1 % | -15.0 | Q1 FY26-27 |
| net earning ratio Higher is better. | -4.1 % | 6.8 % | 0.9 | Q1 FY26-27 |
| net retention ratio | 78.8 % | 74.5 % | 73.0 | Q1 FY26-27 |
| investment income ratio Higher is better. | 8.0 % | 1.9 % | 2.0 | Q1 FY26-27 |
| gross direct premium to net worth ratio | 91.00 × | 50.00 × | 52.0 | Q1 FY26-27 |
| net commission ratio Quarter | 11.9 % | 18.9 % | 18.3 | Q1 FY26-27 |
| net commission ratio Year | 11.4 % | 19.2 % | 16.4 | FY25-26 |
Growth
2 metrics below have no year data — all always show quarter, regardless of the toggle above.
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| net worth growth rate | -1.4 % | 0.9 % | 3.0 | Q1 FY26-27 |
| gross direct premium growth rate | 42.3 % | 7.5 % | 10.2 | Q1 FY26-27 |
Distribution by Channel
18 metrics below have no year data — all always show quarter, regardless of the toggle above.
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| Common Service Centres (CSC) premium | 0 ₹ lakh | 90 ₹ lakh | 10.6 | Q1 FY26-27 |
| Web Aggregators policies | 0 count | 11,353 count | 54.5 | Q1 FY26-27 |
| Corporate Agents – Banks policies | 0 count | 9,20,450 count | 44345.5 | Q1 FY26-27 |
| MISP (Direct) policies | 0 count | 14,96,026 count | 12384.0 | Q1 FY26-27 |
| Corporate Agents – Banks premium | 1,030 ₹ lakh | 70,235 ₹ lakh | 2201.0 | Q1 FY26-27 |
| Individual Agents policies | 0 count | 6,66,612 count | 58733.0 | Q1 FY26-27 |
| Common Service Centres (CSC) policies | 0 count | 5,216 count | 4126.5 | Q1 FY26-27 |
| MISP (Direct) premium | 0 ₹ lakh | 21,285 ₹ lakh | 591.6 | Q1 FY26-27 |
| Brokers policies | 89,415 count | 49,44,886 count | 614443.0 | Q1 FY26-27 |
| Corporate Agents – Others policies | 1,31,237 count | 6,63,511 count | 23294.5 | Q1 FY26-27 |
| Insurance Marketing Firm policies | 0 count | 44,394 count | 1640.0 | Q1 FY26-27 |
| Brokers premium | 15,850 ₹ lakh | 4,78,325 ₹ lakh | 92437.0 | Q1 FY26-27 |
| Corporate Agents – Others premium | 15,372 ₹ lakh | 13,241 ₹ lakh | 3380.0 | Q1 FY26-27 |
| Web Aggregators premium | 0 ₹ lakh | 95 ₹ lakh | 7.5 | Q1 FY26-27 |
| Point of Sales Person (Direct) policies | 0 count | 8,03,441 count | 87834.0 | Q1 FY26-27 |
| Point of Sales Person (Direct) premium | 0 ₹ lakh | 25,909 ₹ lakh | 9562.0 | Q1 FY26-27 |
| Individual Agents premium | 0 ₹ lakh | 98,119 ₹ lakh | 10951.0 | Q1 FY26-27 |
| Insurance Marketing Firm premium | 0 ₹ lakh | 2,274 ₹ lakh | 337.0 | Q1 FY26-27 |
Investment Mix
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| other investments | 68,748 INR_lakhs | 2,06,438 INR_lakhs | 68227.0 | Q1 FY26-27 |
| infrastructure & housing | 66,621 INR_lakhs | 11,06,060 INR_lakhs | 324934.0 | Q1 FY26-27 |
| mutual funds | 16,958 INR_lakhs | 1,41,183 INR_lakhs | 20869.5 | Q1 FY26-27 |
| government securities | 1,39,488 INR_lakhs | 21,59,709 INR_lakhs | 659572.0 | Q1 FY26-27 |
| debentures & bonds | 98,124 INR_lakhs | 13,72,814 INR_lakhs | 205814.0 | Q1 FY26-27 |
| real estate & subsidiaries | 11,419 INR_lakhs | 8,318 INR_lakhs | 9868.5 | Q1 FY26-27 |
| other approved securities | 2,372 INR_lakhs | 2,43,176 INR_lakhs | 11314.5 | Q4 FY25-26 / Q1 FY26-27 |
| ⚠ Different periods — Q4 FY25-26 vs Q1 FY26-27. Not a like-for-like comparison. | ||||
| equity & preference shares | 526 INR_lakhs | 8,20,242 INR_lakhs | 159528.0 | Q1 FY25-26 / Q1 FY26-27 |
| ⚠ Different periods — Q1 FY25-26 vs Q1 FY26-27. Not a like-for-like comparison. | ||||
Investment Exposure Norms
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| central govt. securities | 22.0 % | 22.0 % | 23.0 | Q1 FY26-27 |
| housing & infrastructure | 16.0 % | 19.0 % | 26.0 | Q1 FY26-27 |
| govt + approved securities | 35.0 % | 36.0 % | 38.0 | Q1 FY26-27 |
Investment Yield
4 metrics below have no year data — all always show quarter, regardless of the toggle above.
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| gross yield (quarterly) Higher is better. | 7.93 % | 1.89 % | 6.3 | Q1 FY26-27 |
| net yield (quarterly) Higher is better. | 7.93 % | 1.28 % | 5.4 | Q1 FY26-27 |
| gross yield (annualized) Higher is better. | 7.81 % | 8.18 % | 7.8 | Q4 FY25-26 |
| net yield (annualized) Higher is better. | 7.81 % | 5.52 % | 6.8 | Q4 FY25-26 |
Revenue Mix by Segment
14 metrics below have no year data — all always show quarter, regardless of the toggle above.
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| crop insurance segment premium | 0 ₹ lakh | 1,830 ₹ lakh | 2.0 | Q1 FY26-27 |
| marine cargo segment premium | 0 ₹ lakh | 32,076 ₹ lakh | 4005.0 | Q1 FY26-27 |
| other segment premium | 4,515 ₹ lakh | 38,788 ₹ lakh | 10122.2 | Q1 FY26-27 |
| workmen's compensation segment premium | 0 ₹ lakh | 5,639 ₹ lakh | 456.0 | Q1 FY26-27 |
| liability segment premium | 1,727 ₹ lakh | 3,592 ₹ lakh | 1727.0 | Q1 FY26-27 |
| fire segment premium | 74 ₹ lakh | 99,719 ₹ lakh | 16719.0 | Q1 FY26-27 |
| travel segment premium | 1,979 ₹ lakh | 8,634 ₹ lakh | 143.6 | Q1 FY26-27 |
| health segment premium | 37,617 ₹ lakh | 2,97,384 ₹ lakh | 37617.0 | Q1 FY26-27 |
| aviation segment premium | 0 ₹ lakh | 2,806 ₹ lakh | 21.0 | Q1 FY26-27 |
| marine hull segment premium | 0 ₹ lakh | 4,343 ₹ lakh | 330.0 | Q1 FY26-27 |
| motor OD segment premium | 11,794 ₹ lakh | 1,40,228 ₹ lakh | 43901.0 | Q1 FY26-27 |
| personal accident segment premium | 504 ₹ lakh | 16,238 ₹ lakh | 6026.0 | Q1 FY26-27 |
| motor TP segment premium | 16,719 ₹ lakh | 1,38,383 ₹ lakh | 58853.0 | Q1 FY26-27 |
| engineering segment premium | 0 ₹ lakh | 33,811 ₹ lakh | 3438.3 | Q1 FY26-27 |
Other Claims
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| claims paid to provisioned ratio Quarter No year data for this metric — always shows quarter regardless of the toggle above. | 6.7 % | 7.6 % | 12.6 | Q1 FY26-27 |
| claims repudiation ratio Year No quarter data for this metric — always shows year regardless of the toggle above. Lower is better. | 1.91 % | 8.28 % | 3.1 | FY24-25 |
Per Share
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| book value per share | 2.94 ₹ | 340.46 ₹ | 49.9 | Q1 FY26-27 |
Balance Sheet
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period |
|---|---|---|---|---|
| liquid assets to liabilities ratio Higher is better. | 27.0 % | 0.1 % | 0.2 | Q1 FY26-27 |
| technical reserves to premium ratio | 364.0 % | 7.4 % | 7.6 | Q1 FY26-27 |
Incurred Claims by Segment
5 metrics below have no year data — all always show quarter, regardless of the toggle above.
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| fire incurred claims ratio Lower is better. | 47.7 % Minimal book — 0.1% of GDP | 118.0 % | 65.2 | Q1 FY26-27 | |||||||||
| motor od incurred claims ratio Lower is better. | 127.0 % | 68.0 % | 86.3 | Q1 FY26-27 | |||||||||
| motor tp incurred claims ratio Lower is better. | 59.0 % | 71.0 % | 82.0 | Q1 FY26-27 | |||||||||
| other incurred claims ratio Lower is better. | 85.2 % Minimal book — 6.0% of GDP | 52.0 % Minimal book — 4.7% of GDP | 73.9 | Q4 FY25-26 | |||||||||
| health incurred claims ratio Lower is better. | 56.3 % | 86.0 % | 90.9 | Q4 FY25-26 / Q1 FY26-27 | |||||||||
| ⚠ Different periods — Q4 FY25-26 vs Q1 FY26-27. Not a like-for-like comparison. | |||||||||||||
3 minor segment metric(s) — under 5% of book for both insurers
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Combined Ratio by Segment
5 metrics below have no year data — all always show quarter, regardless of the toggle above.
| Metric | Acko General Insurance | ICICI Lombard General Insurance | Industry median | Period | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| motor tp combined ratio Lower is better. | 98.0 % | 98.3 % | 121.0 | Q1 FY26-27 | |||||||||
| fire combined ratio Lower is better. | 54.9 % Minimal book — 0.1% of GDP | 120.5 % | 80.9 | Q1 FY26-27 | |||||||||
| motor od combined ratio Lower is better. | 164.0 % | 118.1 % | 141.1 | Q1 FY26-27 | |||||||||
| other combined ratio Lower is better. | 94.5 % Minimal book — 6.0% of GDP | 94.9 % Minimal book — 4.7% of GDP | 96.7 | Q4 FY25-26 | |||||||||
| health combined ratio Lower is better. | 104.5 % | 109.7 % | 111.6 | Q4 FY25-26 / Q1 FY26-27 | |||||||||
| ⚠ Different periods — Q4 FY25-26 vs Q1 FY26-27. Not a like-for-like comparison. | |||||||||||||
3 minor segment metric(s) — under 5% of book for both insurers
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Prototype build — 89 comparable metrics found for this pair (87 quarterly, 7 annual, 5 both). Not SEO'd, not styled to final look-and-feel. For review only.
★ How this comparison was built
- A metric only appears here when BOTH insurers have a value for it — nothing is shown as blank.
- No "winner" is ever declared across two different reporting periods (e.g. one insurer's Q1 FY26-27 vs. the other's Q4 FY25-26) — a period mismatch is flagged instead.
- No "winner" is declared on a segment metric (e.g. Fire Combined Ratio) when that segment is under 10% of an insurer's own book — too small a slice to be meaningful.
- Blended company-wide ratios (Combined Ratio, Claim Settlement Ratio, Net Commission Ratio, Expense Ratio) get a caveat when the two insurers' Retail/Hybrid/Commercial mix differs by more than 20 points — the raw number still shows, but isn't treated as a clean apples-to-apples read. For Combined Ratio and Incurred Claims Ratio, that caveat also has a "Show segment breakdown" toggle so you can see which segments are actually driving the difference.
- A segment under 5% of the book for BOTH insurers is folded into a collapsed "minor segments" section rather than cluttering the main table.
All three numbers above (10% exposure, 20pt mix-divergence, 5% materiality) are placeholders, not yet confirmed — once agreed, the same number is used consistently across every comparison page.