14 Jan 2026 | 3 Mins Read
ICICI Lombard shares slump 4% on underwriting loss and one-time charges
Flipitmoney
ICICI Lombard shares fell up to 4% despite a 13% growth in net earned premium. Underwriting losses widened and operating profit declined 17%, while profit after tax fell 10%. The combined ratio worsened to 104.5% from 102.7%, with HSBC cutting its FY26 earnings estimates and tweaking FY27-FY28 forecasts following the Q3 profit miss.