ICICI Lombard is one of India's largest private general insurers, writing motor, health, fire and crop policies through a bancassurance-heavy distribution network anchored by its parent ICICI Bank. Its edge is that distribution: a large share of premiums comes through a partner bank's branches and digital channels, which lowers acquisition costs and keeps the book diversified across retail lines. Revenue grew 18.9% over the latest reported period, and with a 15.1% operating margin the company is converting that growth into profit rather than buying it. The stock trades at 32.1 times trailing earnings but 24.0 times forward, so the market is pricing in a meaningful step-up in earnings, which makes the forward estimates the thing to test. The return on equity of 13.6% is respectable but not exceptional for the sector, so the investment case rests on whether growth can persist without the combined ratio deteriorating.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
Trades are only made public after a delay. We show the delay so you know how old the news is.
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ₹1630 | first publication | ₹1633 |
Answered from ICICI Lombard General Insurance Company Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| ICICIGI.NS ICICI Lombard General Insurance Company Limited | ₹1592.00 | - | - | 31.3x | 13.6% | 68 | 57 |
| GRUPOSURA.CL Grupo Sura ordinary | COP 70420.00 | - | - | 10.9x | 11.0% | 67 | 88 |
| BNT Brookfield Wealth Solutions Ltd. Class A Exchangeable Limited Voting Shares | $37.95 | - | - | 45.2x | 1.1% | 39 | 41 |
| PFGRUPSURA.CL Grupo Sura preferred | COP 59440.00 | - | - | 9.2x | 11.0% | 67 | 88 |
| ACGLO Arch Capital Group Ltd. Depositary Shares Each Representing 1/1000th Interest in a Share of 5.45% Non-Cumulative Preferred Shares Series F | $18.07 | - | - | 3.8x | 19.9% | 87 | 44 |
| AEG Aegon Ltd. New York Registry Shares | $8.10 | $13 | 36% below | 11.7x | 11.1% | 59 | 51 |
| AGN.AS Aegon Ltd. | €7.31 | €11 | 34% below | 12.4x | 11.1% | 59 | 54 |
Where ICICIGI.NS ranks against its sector peers on each metric.