ICICI Lombard Reports Q3 FY26 Premium Growth Amid Net Profit Decline

ICICI Lombard General Insurance reported a 12-13% rise in gross domestic premium income for Q3 FY26, driven mainly by a 41% increase in the health segment following GST removal benefits. Despite this growth, the company’s net profit declined by around 3-9% year-on-year, impacted by a higher combined ratio due to increased claims, especially in the motor segment. Expense management helped partially offset losses, but underwriting challenges persisted amid rising claims and commission costs.