VERIFIEDET Markets·15 Jul 2026negative

ICICI Lombard Q1 Results: Profit falls 46% on commercial insurance slowdown, higher claims

AI Summary

·ICICI Lombard's Q1 profit decreased by 46% due to a commercial insurance slowdown and higher claims.
·Despite profit drop, retail health insurance demand is strong and motor insurance saw growth.
·Two major fire insurance losses and increased motor insurance reserves led to a 21% rise in claims paid.