Sanjeev Mantri, Govt Director, ICICI Lombard Basic Insurance coverage Firm Ltd.
| Picture Credit score:
PAUL NORONHA
Non-life insurer ICICI Lombard Basic Insurance coverage on Tuesday reported a 9.06 per cent year-on-year (y-o-y) fall in its internet revenue, to ₹658.76 crore for the third quarter this fiscal (Q3FY26), though internet premium written through the interval grew round 17 per cent y-o-y.
The insurer’s internet revenue stood at ₹724.38 crore for Q3FY25.
Throughout Q3FY26, internet premium written rose to ₹5,963.48 crore in comparison with ₹5,084.05 crore within the year-ago interval. Gross premium written witnessed a progress of 14.8 per cent y-o-y at ₹7,432.98 crore in Q3FY26, in response to a inventory change submitting.
Affect of labour codes
The corporate mentioned pursuant to the implementation of the Code on Social Safety, 2020, efficient November 21, 2025, there was an influence of ₹55 crore in Q3FY26. The corporate’s working revenue for the third quarter this fiscal fell 16.67 per cent y-o-y to ₹571.09 crore from ₹685.36 crore y-o-y.
Internet revenue on n foundation grew by 0.2 per cent to ₹680 crore in Q3FY26 from ₹679 crore in the identical interval final fiscal. Excluding the influence of Wage Code on a 1/ n foundation, PAT for Q3FY26 was ₹700 crore, registering a de-growth of three.3 per cent. Excluding the influence of Wage Code on a n foundation PAT for the quarter was ₹721 crore, registering a progress of 6.3 per cent y-o-y.
The Bills of Administration (EoM) ratio rose 70 foundation factors to 35.4 per cent from 34.7 per cent within the year-ago interval. Solvency ratio was at 2.69x as at December 31, 2025 as in opposition to 2.73x as at September 30, 2025 which was larger than the minimal regulatory requirement of 1.50x. Solvency ratio was at 2.69x as at March 31, 2025.
Retail Well being phase delivered a progress of 85.8 per cent for Q3FY26 as in opposition to 19.1 per cent in Q3FY25.
“The landmark resolution of exemption of GST on retail medical insurance has considerably improved affordability and elevated consciousness. The trade has handed on the whole good thing about GST exemptions to the top customers. This has led to a rise in coverage uptake as extra prospects are looking for healthcare safety,” Sanjeev Mantri, MD & CEO, ICICI Lombard Basic Insurance coverage, mentioned through the earnings convention name.
Revealed on January 13, 2026
