NNextResearch

ICICI Lombard General Insurance ICICIGI

India's largest private general insurer; health (retail and group) is one of its biggest lines

Mapped in 1 theme: Hospitals & Healthcare.

From publicly available information

Where ICICI Lombard General Insurance sits in the supply chain

ICICI Lombard General Insurance appears in 1 supply-chain layer in one theme, Hospitals & Healthcare.

Revenue and profit

₹ CrFY22FY23FY24FY25FY26
Revenue16,02617,87620,57223,96126,994
Net profit1,2711,7291,9192,5082,772

Latest-year revenue ₹26,994 Cr (FY26, company-wide).

Note: standalone figures; Health is one line in a general insurer.

Strengths

  • Large hospital network and bank distribution
  • Diversified book cushions health-claims cycles

Risks

  • Health is a part of a broad general-insurance business
  • Group health is price-competitive with thin margins

Common questions

What does ICICI Lombard General Insurance do?

India's largest private general insurer; health (retail and group) is one of its biggest lines.

Where does ICICI Lombard General Insurance sit in the supply chain?

ICICI Lombard General Insurance (NSE: ICICIGI) is mapped in 1 supply-chain layer: Health insurers & TPAs (Hospitals & Healthcare).

Who are ICICI Lombard General Insurance's peers?

In the Health insurers & TPAs layer of Hospitals & Healthcare: Star Health and Allied Insurance, Niva Bupa Health Insurance, New India Assurance, Medi Assist Healthcare Services, Care Health Insurance (not NSE-listed) and Narayana Hrudayalaya (Narayana Health).

What is ICICI Lombard General Insurance's market cap and valuation?

As of 6 Nov 2026: market cap ₹82,837 Cr, P/E 32.4x, ROCE 21.9%, ROE 16.6%, dividend yield 0.82%.