Q1 FY27 results: PAT falls 46 percent on Supreme Court claim reserve

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ICICIGI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-11.3%1-day move

₹1815.00

prior close

₹1700.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-3.9-3.9-3.9-6.8-11.3-11.0-10.6-12.3-10.3-7.3————

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AI summary

ICICI Lombard Q1 FY27 PAT fell about 46 percent year on year to Rs 403 crore from Rs 747 crore, pulled down by a Rs 185 crore extra claim reserve booked after the Supreme Court judgment valuing homemaker unpaid work in motor accident claims. Gross premiums rose about 7 percent to Rs 8,610 crore and net premiums written climbed nearly 18 percent to Rs 6,604 crore. Combined ratio worsened to 102.4 percent from 101.6 percent. Solvency improved to 2.73 times. Board extended CIO Vinod Mahajan's tenure by two years to April 2029.

Likely market impact

Short term PAT hit by a one-time Supreme Court related reserve; underlying premium growth and solvency stay healthy.