ICICI Lombard General Insurance Company Limited has informed the Exchange that Board of Directors at its meeting held on April 15, 2026, recommended Final Dividend of Rs. 7 per equity share.
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ICICI Lombard reported FY2026 audited results with Gross Premiums of Rs. 3,061,809 lakhs (up 8.4% YoY) and Profit After Tax of Rs. 277,194 lakhs (up 10.5% YoY). EPS stood at Rs. 55.74 vs Rs. 50.74 prior year. The Board recommended a final dividend of Rs. 7 per equity share (70% of face value Rs. 10), unchanged from the prior year. Including the Rs. 6.50 interim dividend already paid, total dividend for FY2026 is Rs. 13.50 per share. Additionally, the Board approved appointment of B S R & Co. LLP as joint statutory auditor (for 4 years), appointed Mr. Shyam Srinivasan (former MD & CEO of Federal Bank) as Independent Director (for 5 years), and granted up to 1.7 million stock options and 1.05 million stock units to employees.
Steady dividend payout signals financial stability. The company maintained dividend at same level despite higher profits, indicating retention of capital for growth. New independent director appointment and auditor change are routine governance matters. Stock option grants align employee interests with shareholders.