ICICI Lombard General Insurance Company Limited has informed the Exchange regarding 'Environmental Social and Governance Report of the Company for FY2026'.
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ICICI Lombard has released its seventh ESG Report for FY2026, marking 25 years of operations. The company reported Gross Direct Premium Income of Rs 287.12 billion, up 7% from Rs 268.33 billion in FY2025, with a Return on Average Equity of 17.8%. The solvency ratio stood at 2.67x against the regulatory minimum of 1.50x, indicating strong financial health. Key ESG highlights include 57.6 million lives covered (including 15.1 million in the social sector), 41.2% of electricity from renewable sources, 99.6% policies issued digitally, and female workforce representation increasing to 27.6%. The company maintained leadership in electric vehicle insurance with 21.3% market share in private cars and 24.2% in two-wheelers. CSR expenditure rose to Rs 516.71 million from Rs 404.2 million. The report aligns with SEBI BRSR, TCFD, and GRI Standards 2021 frameworks.
Strong ESG performance with premium growth, improved digital adoption, and higher renewable energy usage signals responsible business practices and operational efficiency. The healthy solvency ratio and increasing retail health market share to 4.1% from 3.3% are positive indicators for shareholders seeking sustainable returns.