ICICI Lombard General Insurance Company Ltd.
NSE: ICICIGI · General Insurance
Snapshot
Unlock ICICI Lombard General Insurance Company Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
ICICI Lombard General Insurance Company Limited is a leading private sector general insurer in India, offering a comprehensive suite of insurance products including motor, health, marine, and liability coverage. The company serves a diverse client base ranging from individual retail customers and rural segments to large corporate entities and government bodies.
Business Model
The company generates revenue primarily through the collection of insurance premiums across various product lines and the subsequent investment of float in financial markets. It leverages a multi-channel distribution strategy, including bancassurance, direct digital platforms, brokers, and agents, to maximise market penetration.
Growth Outlook
Growth is expected to be driven by increasing insurance penetration in India, the expansion of digital distribution channels, and the rising demand for health and cyber insurance products. The company continues to focus on maintaining underwriting discipline while scaling its presence in rural and SME markets.
Key Risks
- Regulatory Risk. Changes in IRDAI regulations regarding pricing, product structures, or capital requirements could adversely impact profitability.
- Underwriting Risk. Inaccurate assessment of insurance risks or unexpected spikes in claim frequencies, particularly in motor and health segments, may lead to underwriting losses.
- Market Risk. Volatility in financial markets can negatively affect the value of the company's investment portfolio, which constitutes a significant portion of its income.
- Competitive Pressure. Intense competition from both public and private sector insurers may lead to pricing pressure and erosion of market share.
Price
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Peers · General Insurance
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
ICICI Lombard General Insurance Company Ltd.ICICIGI | 86,909 | 29.12 | — | — | 13.0% | 17.7% | — | -17.6% |
General Insurance Corporation of IndiaGICRE | 63,070 | 6.62 | — | — | 19.0% | 19.4% | — | -7.2% |
Go Digit General Insurance Ltd.GODIGIT | 29,990 | 48.37 | — | — | 2.0% | — | — | -19.6% |
Star Health and Allied Insurance Company Ltd.STARHEALTH | 26,783 | — | — | — | 4.0% | 14.8% | — | +37.2% |
The New India Assurance Company Ltd.NIACL | 20,567 | 20.76 | — | — | 1.0% | 5.5% | — | -4.1% |
Niva Bupa Health Insurance Company Ltd.NIVABUPA | 12,764 | — | — | — | 2.0% | — | — | -3.5% |
As of Mar 2026
Financials
ICICI Lombard General Insurance Company Ltd.
NSE: ICICIGI · General Insurance
Snapshot
Unlock ICICI Lombard General Insurance Company Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
ICICI Lombard General Insurance Company Limited is a leading private sector general insurer in India, offering a comprehensive suite of insurance products including motor, health, marine, and liability coverage. The company serves a diverse client base ranging from individual retail customers and rural segments to large corporate entities and government bodies.
Business Model
The company generates revenue primarily through the collection of insurance premiums across various product lines and the subsequent investment of float in financial markets. It leverages a multi-channel distribution strategy, including bancassurance, direct digital platforms, brokers, and agents, to maximise market penetration.
Growth Outlook
Growth is expected to be driven by increasing insurance penetration in India, the expansion of digital distribution channels, and the rising demand for health and cyber insurance products. The company continues to focus on maintaining underwriting discipline while scaling its presence in rural and SME markets.
Key Risks
- Regulatory Risk. Changes in IRDAI regulations regarding pricing, product structures, or capital requirements could adversely impact profitability.
- Underwriting Risk. Inaccurate assessment of insurance risks or unexpected spikes in claim frequencies, particularly in motor and health segments, may lead to underwriting losses.
- Market Risk. Volatility in financial markets can negatively affect the value of the company's investment portfolio, which constitutes a significant portion of its income.
- Competitive Pressure. Intense competition from both public and private sector insurers may lead to pricing pressure and erosion of market share.
Price
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Unlock AI insights, financials, peers and live data on ICICI Lombard General Insurance Company Ltd. and 5,000+ companies — free.
Peers · General Insurance
As of Mar 2026