New Delhi, July 16 -- ICICI Lombard General Insurance Co. Ltd remains India's largest non-life insurer by market capitalization-at Rs.1 trillion-even as it continues to trail state-owned New India Assurance Co. Ltd in gross premium income. Based on FY25 financials, ICICI Lombard's market capitalization-to-gross written premium (GWP) ratio stands at nearly 3.5x, compared to less than 1x for New India Assurance.
The Street is rewarding ICICI Lombard for its focus on profitability even as it is losing overall market share with growth rate being much slower than the industry's in Q1FY26. The company's profit after tax rose a robust 29% year-on-year to Rs.747 crore in Q1FY26.
The headline gross premium income growth in Q1FY26, at less than 1...
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