What we do ICICI Lombard General Insurance is India’s largest private non-life insurer, offering diverse insurance products like motor, health, fire, crop, engineering, through broad distribution channels. |
Founded in 2,000 |
Market share Holds 8.7% market share in overall non-life insurance and 13.3% among private sector insurers in India as of FY2025. |
Problem solved Provides financial protection to individuals and businesses against risks including accidents, health issues, property damage, and liabilities. |
Top clients or who we serve Serves individual, corporate, and government clients via direct sales, agents, banks, brokers and online channels; B2B and B2C focus. |
Key management - |
Our journey and innovations Established 2000, first private insurer to list publicly in 2017, pioneering AI-based instant health claims and full cloud system migration. |
Where we operate Primarily operates in India with a small international presence. |
Top products or what we offer Comprehensive portfolio of Motor, Health, Crop, Fire, Marine, Engineering, Liability and Personal Accident insurance products. |
Top brands IL TakeCare app with 18.4 million downloads, flagship platform for customer service and claims processing. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely recurring from insurance premiums, with some cyclical fluctuations due to claims and economic factors. |
Our industry position Top private sector general insurer in India with leadership across motor, health, and engineering segments. |
Financial highlights FY2025 revenue Rs 268.33 billion, PAT Rs 25.08 billion, 30.7% PAT growth, with robust solvency ratio of 2.69. |
Geographical revenue split Revenue predominantly from India (Rs 27,681.2 crore); minimal from outside India (Rs 576.54 crore). |
Order book - |
Whats driving growth Growth driven by product diversification, digital transformation, AI innovation, and expanding distribution networks. |
Our future plans Focus on digital modernization, expanding distribution, launching new products, and sustaining profitable growth. |
Our green promise Invests in ESG principles including sustainable sourcing, renewable energy, supplier code of conduct and emissions reduction. |
Our people and values Over 15,000 employees, with strong focus on diversity and inclusion, female workforce at 26%, and agent network of 140,736. |
Key challenges ahead Facing pricing pressures in motor and commercial segments, regulatory changes, and economic slowdowns impacting growth. |
Interesting facts First Indian insurer to fully migrate to cloud technology; launched India’s first AI-based instant health claims approval. |
Risks and strategy Mitigates underwriting, market, operational risks via diversified portfolio, conservative reserving, and prudent capital management. |
