ICICI Lombard Q1 FY27 — Sharp drop in profit as underwriting cost rises in motor segment

ICICI Lombard General Insurance reported a sharp drop in Q1 FY27 profit due to higher underwriting costs in the motor segment.

Underwriting expenses increased, particularly in motor insurance, driving the earnings decline.

The company’s core franchise remains strong despite the short-term profitability hit.

Higher claims or loss ratios in motor portfolio weighed on underwriting performance.