ICICI Lombard

Q4 FY25Insurance

ICICI Lombard Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹1,617

Market cap₹81.4K Cr

P/E33.5

Updated23 Aug 2026

Read4 min read

The short version

Expectation of mid-single-digit growth in new Motor sales, with continued competition impacting growth rates. The company expects a positive growth outlook for FY2026 amid some industry challenges.

From ICICI Lombard's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Expectation of mid-single-digit growth in new Motor sales, with continued competition impacting growth rates.
Health segment projected to see double-digit growth, particularly in Retail Health due to new insurance adoption and inflationary effects.
Commercial lines expected to rebound to double-digit growth, aided by improved Fire pricing discipline and increased government CAPEX.
Anticipated overall Gross Direct Premium Income (GDPI) growth of about 8.3% in FY2025 with optimism for further growth in FY2026.
Industry-wide impact of regulatory changes (1/n accounting) may cause subdued growth in H1 FY2026, with potential unwinding in H2 improving full-year growth.

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Profitability & Margins

The company expects a positive growth outlook for FY2026 amid some industry challenges.
Motor segment growth is anticipated to be mid-single digit to potentially double-digit, with new sales expected to improve.
Health segment is expected to see double-digit growth, driven mainly by Retail Health.
Commercial lines, including Fire and Engineering, are expected to rebound to double-digit growth due to improved pricing discipline and increased CAPEX activity.
The company aims to maintain Return on Equity (ROE) in the range of 16% to 20%, focusing on profitable growth and balancing underwriting outcomes with investment returns.
Combined ratio guidance remains cautious but aims for improvement; no explicit revision announced.

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Capital Expenditure Plans

The document does not explicitly mention any specific current or future capex, capital investment, or strategic investment plans by ICICI Lombard General Insurance Co. Ltd. However, the following relevant points can be inferred: - The company anticipates growth in Commercial lines driven by government CAPEX and related activities, suggesting an indirect impact of government capital spending on their business. - The focus remains on maintaining underwriting discipline, improving ROE (targeting 16%-20%), and leveraging profitable opportunities including domestic and reinsurance inward business. - No direct mention of capital investments or strategic acquisitions is provided in the extracted discussion from the Q4 FY2025 earnings call or the investor presentation content. Therefore, as per the available information, no clear or detailed plans on capex or strategic investments have been disclosed.

Top-ranked in Insurance

Ranked on what management guided this quarter

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2Niva Bupa Health Insurance Company Ltd₹14.0K Cr

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3₹2.3K Cr

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4₹1.2L Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

There is no mention of any current or planned fundraising through debt or equity in the provided transcript.
The company focuses on driving profitable growth and maintaining strong financial metrics such as ROE (targeting 16%-20%) and solvency ratios well above regulatory requirements.
Investment activities discussed relate to managing yields and capital gains rather than raising new funds.
No specific plans or guidance regarding new issuance of debt or equity securities were indicated during the call or in the commentary.

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Order Book & Pipeline

The provided pages of the ICICI Lombard General Insurance Co. Ltd. document do not contain specific information regarding the company's current or expected orderbook or pending orders. The discussion primarily focuses on financial performance, underwriting, investment income, market growth outlook, pricing, and regulatory impacts. There is no mention or data related to orderbook or pending orders in the excerpts from the earnings call. If you require details on orderbook or pending orders, please provide the relevant pages or sections from the document.

ICICI Lombard — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹6.8K Cr, net profit ₹547 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What ICICI Lombard's management said in earlier quarters

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Frequently Asked Questions

What were ICICI Lombard Q4 FY25 results?

Expectation of mid-single-digit growth in new Motor sales, with continued competition impacting growth rates. The company expects a positive growth outlook for FY2026 amid some industry challenges.

What is ICICI Lombard share price analysis?

ICICI Lombard currently shows a neutral. The stock trades at a P/E of 33.5 with a market cap of ₹81,423 Cr. Investors should review the full earnings analysis for detailed insights.

Is ICICI Lombard planning capital expenditure?

The document does not explicitly mention any specific current or future capex, capital investment, or strategic investment plans by ICICI Lombard General Insurance Co.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

Revenue & Sales Performance

Profitability & Margins

Capital Expenditure Plans

Top-ranked in Insurance

Fundraising & Capital Structure

Order Book & Pipeline

ICICI Lombard — Quarterly revenue & net profit

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What ICICI Lombard's management said in earlier quarters

Others in Insurance this season

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Frequently Asked Questions

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