Desk note · industry · Insurance
ICICI Lombard General Insurance reported net profit of ₹946.40 crore for the quarter ended 30 September 2026, up 15.5% year on year, while its underwriting loss widened to ₹318 crore and the combined ratio reached 107% as motor and health claims ran hot.
On 14 October 2026, ICICI Lombard General Insurance Company published results for the second quarter of fiscal 2026–27. Net profit increased 15.48% year on year to ₹946.40 crore, helped by growth in net premium written of roughly 17%. At the same time, the insurer’s underwriting loss, the gap between premiums collected and claims plus expenses on insurance contracts, widened 78.9% to ₹318.38 crore. Its combined ratio, a standard measure of underwriting profitability, rose to 107% from 105.1% in the year-ago quarter. A ratio above 100% means the core insurance book lost money before investment income.
General insurers earn on two legs: underwriting discipline and returns on the float they invest. ICICI Lombard’s profit growth shows the investment and fee side still offset higher claims in motor and health lines, where repair costs and hospital bills have inflated. When combined ratios drift above 100% for several quarters, companies typically seek premium hikes or tighter risk selection. For car and health policyholders, that can mean higher renewals or more scrutiny on claims documentation.
If your motor or health policy renews this quarter, compare quotes from at least two insurers and check no-claim bonus rules before switching. If you own insurance stocks, track whether peers such as HDFC ERGO and Bajaj Allianz show similar combined ratio pressure or defend margins with price increases. Watch IRDAI filings on approved rate revisions for motor third-party pools and whether monsoon-related crop claims spill into reinsurance costs later in the year.
Telecom / IPO
On 22 October 2026, exchange data showed Jio Platforms’ ₹30,213 crore issue had drawn about ₹3.73 lakh crore of total bids by late evening on Day 2, with the retail portion oversubscribed and market commentators citing diverted cash from other listed stocks during the book build.
SEBI / market infrastructure
On 22 October 2026, the Securities and Exchange Board of India proposed letting stock exchanges and depositories fund core-market and regulator-mandated initiatives without prior approval for each ticket, while keeping board oversight and financial safeguards and inviting comments until 12 November.
E-commerce / food delivery
On 22 October 2026, reporting said Flipkart is testing an internal food delivery product called Eat-in by Minutes with more than 8,000 employees in Bengaluru, using Ekart logistics as it prepares to compete with Zomato and Swiggy in meal delivery.
Digital trust / compliance
On 22 October 2026, eMudhra Ltd said its board will voluntarily withdraw from the global SSL/TLS certificate segment after a key-security incident on eight intermediate certificates, citing compliance cost and weak economics while stressing that other digital-trust services continue.
For informational purposes only. Not investment advice. Verify with filings and a licensed adviser.