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The insurer’s net profit for the second quarter last fiscal stood at ₹8,19.54 crore. During Q2FY27, its net premium written rose to ₹6,213.66 crore from ₹5,313.04 crore in Q2FY26, according to the company’s stock exchange filing.

During the period under review, the gross premium written grew 9.11 per cent y-o-y at ₹7,702.09 crore compared with ₹7,058.86 crore for the corresponding period last fiscal.

The insurer’s Expenses of Management (EoM) ratio rose 240 basis points y-o-y at 36.3 per cent for Q2FY27 as against 31.9 per cent for Q2FY26. Its combined ⁠ratio, a measure of underwriting performance, worsened to 107 per cent from 105.1 per cent in the year-ago period.

Gross direct premium income (GDPI) of the company was at ₹15,110 crore in the first half (H1FY27) compared to ₹14,331 crore in H1FY26, a growth of 5.4 per cent y-o-y, as against the industry growth of 8.9 per cent y-o-y.

Excluding Crop and Mass Health, GDPI growth of the company was at 10.4 per cent, as against the industry growth of 12.6 per cent in H1FY27, it said in a statement.

On a “n” basis, its combined ratio was 105.2 per cent for for the first half of the current financial year as against 103 per cent for the same period of the last financial year.

“We maintained our leadership position in marine cargo and engineering line of business for H1. In the motor segment, we recorded a healthy growth of 13 per cent for H1FY27, broadly in line with the industry growth of 13.1 per cent, thereby maintaining our market leadership position with market share of 10.3 per cent. For H1FY27, we remain focused on strengthening our granular distribution across OEM dealership and diversified retail channels,” said Sanjeev Mantri, Managing Director & CEO, ICICI Lombard, during the earnings call.

On the Irdai’s public consultation paper on insurance distribution reforms, Mantri said the proposed reform is expected to result in simplifying distribution structures, improving accessibility, and enhancing customer experience. “We believe that the broad objectives outlined in the paper are aligned with the long-term vision of insurance for all,” he added.

The company’s board of directors declared an interim dividend of ₹7 per share for H1FY27.

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