insurance

ICICI Lombard General Insurance

ICICIGI · Nifty 50

1,790.5

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

Sector Positioninsurance sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score92/100 (STRONG). 2 positive flags, 1 concerns.
Historical Context42 similar technical setups. Average outcome: -5.7% decline. 0% positive.
Bank HealthROA 3.23% · PB 5.1 · Asset growth 10.1%.

Fundamental

92/100

STRONG

Trust

90/100

Verification

Coverage

44/100

LIMITED

Quick Take

ICICI Lombard General Insurance scores 92/100 on fundamentals (strong). ICICI Lombard General Insurance: BROAD EXPANSION regime.

Fundamental Score: 92/100 · STRONG · 2 signals detected

DuPont Analysis

ROE 14.8% broken into three drivers. Each shows how efficiently the company generates returns.

ROE14.8%=
9.4%Net Margin
×
0.3xTurnover
×
4.6xLeverage

ROE of 14.8% is moderate leverage-driven and stable. Net margin of 9.4% × asset turnover of 0.34x × leverage of 4.6x.

What This Means

Net margin of 9.4% means the company keeps ₹9.4 as profit for every ₹100 of revenue. This is a moderate-margin business. Asset turnover of 0.34x means the company generates ₹0.34 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 4.6x means the company uses significant debt. Higher leverage amplifies returns but also risk.

Margin Structure

Gross

100.0%

Operating

%

Net

9.4%

declining

Financial Health

Peer Comparison

ICICI Lombard General Insurance is compared against 6 peers in the insurance sector.

Bank Metrics

Return on Assets

3.23%

Benchmark: >1%

Efficiency Ratio

90.6%

Lower is better

Asset Growth

+10.1%

Year over year

PB Ratio

5.1x

Price to book

ROA of 3.23% is strong (benchmark: >1% for banks). Strong asset utilization. P/B of 5.09x — trading above book. Premium valuation — market pricing in high growth expectations.

Key Watchpoints

🟢

Breaks above ₹1880 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹1701 (-5%)

Further downside risk

🟢

Insurance sector entering leadership

Sector rotation signal

Detected Patterns

✅ Strong ROA: ROA of 3.23% — above 1% benchmark for banks
✅ Strong Loan Book Growth: Assets growing 10.1% — loan book expansion

Risk Flags

⚠️ 1 Warning2 Positive3 total flags
⚠️Low promoter holding: 2%
Governance

No single controlling shareholder. Management may not be aligned with shareholders.

Minimal unusual items — clean earnings
Earnings Quality

Profits are from core operations, not one-offs. High quality.

Assets relatively new (25% depreciated)
Balance Sheet

Modern asset base. Lower near-term capex requirements.

➡️ 3 flags — 2 positive, 1 warning. Mixed profile.

Data Quality

90/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
Our margin analysis (declining) matches news reports of cost/margin pressure

50 articles scanned for fundamental themes

Facts

P/E Ratio
30.7UNAVAILABLE
P/B Ratio
5.3HIGH
Market Cap
₹8463368.2L CrHIGH
From 52W High
87% of high
Sector Peers
6
ICICI Lombard General Insurance Stock Analysis, Valuation, Fundamentals & Intelligence | FynSight