ICICI Lombard Q3 FY26 Earnings Results: Net Profit Falls 9% To ₹658 Crore Despite Strong Premium Growth

ICICI Lombard General Insurance announced its October–December (Q3) results for FY26 on January 13, 2026. The insurer reported a decline in profitability during the quarter, even as its premium income showed healthy growth.

ICICI Lombard Net Profit And Operating Performance

The company’s net profit fell 9% year-on-year to ₹658.76 crore in Q3 FY26, compared with ₹724.38 crore in the same quarter last year. Operating profit also declined by 16.6% to ₹571.09 crore from ₹685.36 crore a year ago.

Premium Income Snapshot

ICICI Lombard’s net premium income increased 12.6% year-on-year to ₹5,685.30 crore during the quarter, up from ₹5,045.17 crore in the corresponding period of the previous financial year.

Health Insurance Segment Drives Growth

Health insurance continued to be the biggest contributor to premium growth.

• Retail health insurance premium income rose sharply to ₹551.32 crore from ₹356.78 crore last year.
• Corporate health insurance premiums increased to ₹1,612.18 crore from ₹1,414.72 crore in the year-ago quarter.

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ICICI Lombard Share Price Performance

ICICI Lombard share price (NSE: ICICIGI) ended 1.04% lower at ₹1,890.50 on the NSE, compared with ₹1,910.30 in the previous session. The stock has delivered over 22% returns in the last 5 years and more than 50% returns over 3 years. However, it is down 2.45% over the past month and nearly 6% in the last five trading sessions.

The stock touched a 52-week high of ₹2,068.70 on July 1, 2025, and a 52-week low of ₹1,613.70. ICICI Lombard’s market capitalisation stood at ₹94,158.32 crore as of January 13, 2026.

Conclusion

ICICI Lombard’s Q3 results show pressure on profits due to higher costs, even as premium income remained strong. Sustained growth in health insurance continues to support revenues, but near-term profitability remains a key area to watch.

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