COMPANY INTELLIGENCE PROFILE
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED
India's largest private-sector general (non-life) insurer, an ICICI Bank subsidiary offering motor, health, travel, home and commercial insurance.
ICICI Lombard General Insurance Company Limited is India's largest private-sector general insurer and a subsidiary of ICICI Bank. It offers diverse insurance products including motor, health, travel, home, and commercial insurance through various distribution channels. Listed on NSE and BSE in 2017, the company reported a Gross Direct Premium Income of Rs 26,833 crore for FY25, with a Profit After Tax of Rs 2,508 crore, marking a 30.7% year-on-year increase.
AI-generated, may contain errors.
Business Overview
- India's largest private-sector general insurance company.
- Originally a JV between ICICI Bank and Fairfax Financial Holdings, Fairfax fully exited by 2019.
- Product lines span motor, health & personal accident, travel, home, marine, fire and commercial/liability insurance.
- Distribution via agents, brokers, bancassurance and digital channels.
- Listed on NSE and BSE in September 2017.
Sector & Classification
General insurance / non-life insurance (Finance - General Insurance); IRDAI Registration No. 115
Directors & Key Management
Directors — source notes
Sanjeev Radheyshyam Mantri (07192264, Managing Director & CEO); Murali Sivaraman (01461231, Director/Chairman); Ved Prakash Chaturvedi (00030839, Director); Sandeep Batra (03620913, Director); Rakesh Jha (00042075, Director); Preeti Reddy (07248280, Director); Antony Jacob (00210724, Director)
GST Registrations
| GSTIN | State | PAN |
|---|---|---|
| 27AAACI7904G1ZN | Maharashtra | AAACI7904G |
GST — source notes
Primary GSTIN: 27AAACI7904G1ZN (Maharashtra); PAN: AAACI7904G; Active; 37 registrations (ICICI Lombard)
Financials
ICICI Lombard General Insurance's FY25 saw a Gross Direct Premium Income of Rs 26,833 crore, a 30.7% YoY PAT increase to Rs 2,508 crore, and a 19.1% ROAE. Solvency stood at 2.69x against a 1.50x regulatory minimum.
AI-generated, may contain errors.
| FY25, year ended 31 Mar 2025 | Gross Direct Premium Income Rs 26,833 crore (up 8.3% YoY) |
| Profit Before Tax | Rs 3,321 crore |
| Profit After Tax | Rs 2,508 crore (up 30.7% YoY) |
| Return on Average Equity | 19.1% |
| Combined Ratio | 102.8% |
| Solvency ratio | 2.69x, regulatory minimum 1.50x. Net worth/total assets: not obtained precisely, net worth in the ~Rs 13,000-14,000 crore range implied by ROAE but not directly captured. |
Loans & Charges
- No registered charges (per Tofler). As an insurer it raises subordinated debt, rated CRISIL AAA, rather than secured borrowings.
Credit Ratings
- CRISIL AAA/Stable, subordinated debt
- AM Best India National Scale Rating aaa.IN (Exceptional), with international financial-strength rating and a positive outlook revision noted
- ICRA rating also on file.
Competitive Landscape
- Largest private general (non-life) insurer. Key competitors: Bajaj Allianz General, GWP ~₹20,000 Cr
- HDFC ERGO, GWP ~₹19,000 Cr
- Tata AIG, GWP ~₹15,000 Cr
- New India Assurance, GWP ~₹40,000 Cr (PSU #1)
- Go Digit, GWP ~₹9,000 Cr; m-cap ~₹30,000 Cr.
Frequently Asked Questions
What does ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED do?
India's largest private-sector general (non-life) insurer, an ICICI Bank subsidiary offering motor, health, travel, home and commercial insurance.
What is ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED's CIN?
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED's Corporate Identification Number (CIN) is L67200MH2000PLC129408.
What is ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED's GST number?
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED's primary GSTIN is 27AAACI7904G1ZN. It has 37 GST registrations across multiple states.
When was ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED incorporated?
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED was incorporated on 30 October 2000.
Where is ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED headquartered?
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED's registered office is at ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi, Mumbai, Maharashtra 400025. (HQ: Maharashtra.)
Is ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED listed on the stock exchange?
Listed (NSE/BSE: ICICIGI)
What are ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED's latest financials?
FY25 (year ended 31 Mar 2025): Gross Direct Premium Income Rs 26,833 crore (up 8.3% YoY); Profit Before Tax Rs 3,321 crore; Profit After Tax Rs 2,508 crore (up 30.7% YoY); Return on Average Equity 19.1%; Combined Ratio 102.8%; Solvency ratio 2.69x (regulatory minimum 1.50x).
Who are ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED's main competitors?
Largest private general (non-life) insurer. Key competitors: Bajaj Allianz General (GWP ~₹20,000 Cr); HDFC ERGO (GWP ~₹19,000 Cr); Tata AIG (GWP ~₹15,000 Cr); New India Assurance (GWP ~₹40,000 Cr (PSU #1)); Go Digit (GWP ~₹9,000 Cr; m-cap ~₹30,000 Cr).
Sources
BSE/NSE filings & annual report; tofler.in, thecompanycheck.com; BSE/NSE shareholding pattern; tofler.in; CRISIL, ICRA, CARE Edge, India Ratings rating rationales; MCA / DIN records via tofler.in, falconebiz.com; MCA charge index via tofler.in, falconebiz.com; MCA filings / annual report via tofler.in; MCA registry via tofler.in, falconebiz.com, thecompanycheck.com; entrackr.com, moneycontrol.com, inc42.com (round names); Tracxn treated as unverified; indiankanoon.org; trade press; knowyourgst.com, mastersindia.co, findgst.in (GSTIN self-verifying via embedded PAN); tofler.in, thecompanycheck.com, company disclosures & trade press
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.