India's largest private general insurer by gross direct premium. Joint venture between ICICI Bank and Fairfax Financial Holdings. Listed on NSE and BSE.
ICICI Lombard General Insurance is a general insurance company licensed by IRDAI (registration number 115). Its solvency ratio of 2.00× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 10th among 27 general insurers. The company reported gross written premium of ₹28712 crore in Q4 FY25-26, ranking 1st by premium among 15 general insurers. Its incurred claim ratio of 76.4% in Q1 FY26-27 is below the general insurer median of 85.6%, ranking 8th among 27 general insurers. Its combined ratio of 107.2% in Q1 FY26-27 is above 100%.
Peer rank among general insurers with data for that metric. Not shown when fewer than 3 peers have data.
A snapshot, not a time series — see Underwriting Performance, Revenue Mix and Distribution Mix for how these move quarter to quarter.
How to read this page
GWP — Gross Written Premium: total premium underwritten, including any reinsurance accepted.
GDPI — Gross Direct Premium Income: premium from direct business only. Insurers disclose both; they are not the same number.
ICR — Incurred Claims Ratio: net incurred claims ÷ net earned premium.
Commission ratio — net commission paid ÷ net written premium.
Combined ratio — (incurred claims + expenses + commission) ÷ net earned premium. Below 100% means an underwriting profit, before investment income.
Solvency ratio — available solvency margin ÷ required solvency margin. IRDAI's regulatory minimum is 1.50×.
This page shows figures in ₹ crore; the detail pages it links to (Underwriting Performance, Distribution Mix) show the same facts in ₹ lakh as filed. Where a filing for a given period couldn't be located, this site says "Not disclosed" rather than estimating.
GWP, Q4 FY25-26
₹28,712 cr
GDPI, Q1 FY26-27
₹8,277 cr
Gross Direct Premium Income
ICICI Lombard General Insurance: Hybrid business — Health, Personal Accident and Travel together — made up 38.9% of gross direct premium in Q1 FY26-27; Brokers carried 57.7% of premium in Q1 FY26-27.
Line of business — Q1 FY26-27 (₹ crore, % of GDPI)
Retail: bought directly by an individual (Motor). Hybrid: designed for individuals but sold in a group structure (Health, Personal Accident, Travel). Commercial: the end beneficiary is a business (Fire, Marine, Engineering, Liability, Aviation, Crop, Credit and other specialty lines).
Segment
Gross direct premium
Share
Retail
₹2,786 cr
33.7%
Hybrid
₹3,223 cr
38.9%
Commercial
₹2,269 cr
27.4%
Grand total
₹8,277 cr
100%
Retail/Hybrid/Commercial is this site's own classification of IRDAI's filed segments, not an IRDAI-defined category — see Underwriting Performance for the full per-segment detail this rolls up from.
Channel mix — Q1 FY26-27 (₹ crore, % of premium)
Channel
Premium
Share
Brokers
₹4,783 cr
57.7%
Agents/POSP
₹1,240 cr
14.9%
Direct Website
₹821 cr
9.9%
Banks
₹702 cr
8.5%
Direct non-website
₹380 cr
4.6%
Others
₹237 cr
2.9%
Corporate Agents
₹132 cr
1.6%
Total
₹8,297 cr
100%
Regrouped from IRDAI Form NL-36's finer channel list — Agents/POSP = Individual agents + Point of Sales Persons; Others = Micro agents, Common Service Centres, Insurance Marketing Firms, MISP, Web aggregators and Referral arrangements. See Distribution Mix for the full unrounded breakdown.