ICICI Lombard General

ICICI Lombard reported a strong Q4 FY26 with PAT of ₹27.72 billionCurrent reported value: ₹27.72 billion. No comparable prior figure is available in the source record. (up 10.5Current reported value: 10.5. No comparable prior figure is available in the source record.% YoY) on a 1-Yr basis, driven by robust growth in retail health (51.1% YoY) and motor (15% in Q4). The combined ratio improved to 101.2%Current reported value: 101.2%. No comparable prior figure is available in the source record. (1-Yr basis) from 102.5% a year ago, reflecting disciplined underwriting. Management highlighted a rebound in H2 growth momentum, with GDPI growth of 18.2% in Q4 vs industry 10.9%. Key operational metrics include a 5pp improvement in retentionCurrent reported value: 5pp improvement in retention. No comparable prior figure is available in the source record. and a 2x increase in new retail health businessCurrent reported value: 2x increase in new retail health business. No comparable prior figure is available in the source record.. Guidance for FY27 is cautiously optimistic, with expectations of high single-digit industry growth and continued market share gains. However, elevated competition in commercial lines and the absence of a motor TP price hike remain headwinds.