ICICI Lombard: Strong Demand in Motor, Health Despite Growth Costs

• ICICI Lombard General Insurance sees strong demand in motor and health segments, driven by improving consumer demand and regulatory reforms.
• CFO Gopal Balachandran confirmed the company's confidence in delivering sustained long-term returns, targeting 18-20% RoE over the medium term.
• Retail health market share increased to 4.5% in Q3, up from 3% in previous years, showing significant gains.
• Motor insurance segment outperformed the market by 400 basis points in December, maintaining market leadership after a slower first half.
• Q3FY26 results: Total income ₹6,610 crore, PAT ₹658.76 crore, net premium ₹5,685 crore, with a marginal combined ratio improvement to 102.2%.

Why It Matters: ICICI Lombard shows strong growth in motor and health, confident in long-term returns despite short-term cost pressures.