ICICI Lombard General Insurance — Underwriting Performance
ICICI Lombard General Insurance: Health led at 36.1% of gross direct premium (₹2,97,384 lakh) for Q1 FY26-27, per IRDAI form NL-4.
Business mix by segment — Q1 FY26-27
| Classification | Gross direct premium | Share of business | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail | ₹2,78,611 lakh | 33.8% | |||||||||||||||||||||||||||
Retail segments (2)
| |||||||||||||||||||||||||||||
| Hybrid | ₹3,22,256 lakh | 39.1% | |||||||||||||||||||||||||||
Hybrid segments (3)
| |||||||||||||||||||||||||||||
| Commercial | ₹2,22,604 lakh | 27.0% | |||||||||||||||||||||||||||
Commercial segments (9)
| |||||||||||||||||||||||||||||
| Grand total | ₹8,23,471 lakh | 100% | |||||||||||||||||||||||||||
Retail/Hybrid/Commercial is this site's own classification of IRDAI's filed segments, not an IRDAI-defined category — click through to the full per-segment breakdown below for the underlying filed detail, or the combined ratio & ICR by segment table further down for each segment's own profitability ratios.
Gross direct premium by segment — full detail, Q2 FY25-26 to Q1 FY26-27
| Segment | Q1 FY26-27 | Q4 FY25-26 | Q3 FY25-26 | Q2 FY25-26 | % of total, Q1 FY26-27 |
|---|---|---|---|---|---|
| Fire GDP | ₹99,719 lakh | ₹58,998 lakh | ₹64,444 lakh | ₹70,392 lakh | 12.1% |
| Marine Cargo GDP | ₹32,076 lakh | ₹17,806 lakh | ₹16,863 lakh | ₹16,482 lakh | 3.9% |
| Marine Hull GDP | ₹4,343 lakh | ₹4,487 lakh | ₹1,943 lakh | ₹1,385 lakh | 0.5% |
| Motor OD GDP | ₹1,40,228 lakh | ₹1,57,296 lakh | ₹1,69,645 lakh | ₹1,28,342 lakh | 17.0% |
| Motor TP GDP | ₹1,38,383 lakh | ₹1,62,543 lakh | ₹1,70,211 lakh | ₹1,22,782 lakh | 16.8% |
| Health GDP | ₹2,97,384 lakh | ₹2,44,307 lakh | ₹1,86,796 lakh | ₹1,64,879 lakh | 36.1% |
| Personal Accident GDP | ₹16,238 lakh | ₹11,083 lakh | ₹11,157 lakh | ₹10,694 lakh | 2.0% |
| Travel GDP | ₹8,634 lakh | ₹4,879 lakh | ₹6,406 lakh | ₹7,862 lakh | 1.0% |
| Workmen's Comp. GDP | ₹5,639 lakh | ₹4,979 lakh | ₹5,247 lakh | ₹5,108 lakh | 0.7% |
| Liability GDP | ₹3,592 lakh | ₹2,679 lakh | ₹2,690 lakh | ₹2,867 lakh | 0.4% |
| Engineering GDP | ₹33,811 lakh | ₹29,728 lakh | ₹29,062 lakh | ₹25,281 lakh | 4.1% |
| Aviation GDP | ₹2,806 lakh | ₹3,908 lakh | ₹4,060 lakh | ₹4,996 lakh | 0.3% |
| Crop GDP | ₹1,830 lakh | ₹221 lakh | ₹2,712 lakh | ₹66,663 lakh | 0.2% |
| Other GDP | ₹38,788 lakh | Not disclosed | Not disclosed | ₹28,408 lakh | 4.7% |
| Total gross direct premium | ₹8,23,471 lakh | ₹7,02,914 lakh | ₹6,71,236 lakh | ₹6,56,141 lakh | 100% |
Gross direct premium (not net earned premium) per IRDAI Form NL-4 (Premium Schedule), "for the quarter" column — these are standalone quarterly amounts, not running year-to-date totals. Segment-level net incurred claims in absolute rupees aren't shown here: IRDAI's segment-level claims filing (Form NL-5) hasn't been extracted for this insurer yet — see the combined ratio & ICR table below for the ratio form of this, sourced from NL-20.
Combined ratio & ICR by segment — Q1 FY26-27
| Segment | ICR | Combined ratio |
|---|---|---|
| Fire | 118.0% | 120.5% |
| Marine Cargo | 83.0% | 109.3% |
| Marine Hull | 52.0% | 40.9% |
| Motor OD | 68.0% | 118.1% |
| Motor TP | 71.0% | 98.3% |
| Health | 86.0% | 109.7% |
| Personal Accident | 55.0% | 63.2% |
| Travel | 56.0% | 107.5% |
| Workmen's Comp. | 59.0% | 107.0% |
| Liability | 47.0% | 100.4% |
| Engineering | 87.0% | 85.2% |
| Aviation | 48.0% | 58.2% |
| Crop | -335.0% | -359.1% |
Per IRDAI Form NL-20 (Analytical Ratios Schedule)'s own segmental breakdown, latest quarter only — this granularity isn't reliably available as a multi-quarter trend across insurers. Combined ratio here can legitimately differ from a simple "ICR + expense" sum when a segment's own expense-to-net-written-premium ratio is unusually negative or positive for the quarter — reported exactly as filed, not recalculated.
Provenance (Health GDP, latest quarter)
- Reported by
- ICICI Lombard General Insurance
- Regulatory form
- NL-4-PREMIUM-SCHEDULE · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- pdfs/icici-lombard/NL-4.pdf · ICICI Lombard General Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-26
- Note
- NL-4 segment GDP, for the quarter (sum=827,719 vs Grand Total=773483.0)