ICICI Lombard General Insurance shares tumble 15% after Q1 profit takes a hit
Published on: July 16, 2026, 10:47 a.m. | Source: The Economic Times
ICICI Lombard shares tumbled 15% after the insurer reported a 46% YoY decline in Q1 FY27 net profit to Rs 403 crore, hit by large fire claims and the Supreme Court's Motor TP verdict. While gross premium income rose 7.5% to Rs 8,318 crore, the combined ratio worsened to 107.2% from 102.9% a year ago.
