ICICI Lombard General Insurance Company Limited (ICICIGI) - Net Assets

Latest as of March 2026: Rs166.34 Billion INR ≈ $1.80 Billion USD

Based on the latest financial reports, ICICI Lombard General Insurance Company Limited (ICICIGI) has net assets worth Rs166.34 Billion INR (≈ $1.80 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs761.11 Billion ≈ $8.23 Billion USD) and total liabilities (Rs594.77 Billion ≈ $6.43 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ICICI Lombard General Insurance Company tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs166.34 Billion
% of Total Assets	21.85%
Annual Growth Rate	17.83%
5-Year Change	80.95%
10-Year Change	326.41%
Growth Volatility	4.98

ICICI Lombard General Insurance Company Limited - Net Assets Trend (2013–2026)

This chart illustrates how ICICI Lombard General Insurance Company Limited's net assets have evolved over time, based on quarterly financial data. See ICICI Lombard General Insurance Company (ICICIGI) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for ICICI Lombard General Insurance Company Limited (2013–2026)

The table below shows the annual net assets of ICICI Lombard General Insurance Company Limited from 2013 to 2026. For live valuation and market cap data, see ICICIGI stock market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs166.34 Billion ≈ $1.80 Billion	+11.01%
2025-03-31	Rs149.84 Billion ≈ $1.62 Billion	+15.71%
2024-03-31	Rs129.50 Billion ≈ $1.40 Billion	+24.00%
2023-03-31	Rs104.44 Billion ≈ $1.13 Billion	+13.61%
2022-03-31	Rs91.93 Billion ≈ $994.16 Million	+20.98%
2021-03-31	Rs75.99 Billion ≈ $821.75 Million	+25.82%
2020-03-31	Rs60.39 Billion ≈ $653.14 Million	+11.83%
2019-03-31	Rs54.00 Billion ≈ $584.03 Million	+14.25%
2018-03-31	Rs47.27 Billion ≈ $511.20 Million	+21.18%
2017-03-31	Rs39.01 Billion ≈ $421.86 Million	+18.35%
2016-03-31	Rs32.96 Billion ≈ $356.45 Million	+11.57%
2015-03-31	Rs29.54 Billion ≈ $319.49 Million	+22.48%
2014-03-31	Rs24.12 Billion ≈ $260.84 Million	+22.36%
2013-03-31	Rs19.71 Billion ≈ $213.17 Million	--

Equity Component Analysis

This analysis shows how different components contribute to ICICI Lombard General Insurance Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 26459.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs88.60 Billion	53.27%
Common Stock	Rs4.98 Billion	3.00%
Other Comprehensive Income	Rs89.90 Million	0.05%
Other Components	Rs72.66 Billion	43.68%
Total Equity	Rs166.34 Billion	100.00%

ICICI Lombard General Insurance Company Limited Competitors by Market Cap

The table below lists competitors of ICICI Lombard General Insurance Company Limited ranked by their market capitalization.

Company	Market Cap
Popular Inc NASDAQ:BPOP	$9.63 Billion
Frontier Communications Parent Inc NASDAQ:FYBR	$9.64 Billion
Element Solutions Inc NYSE:ESI	$9.64 Billion
China Zheshang Bank Co Ltd SHG:601916	$9.65 Billion
SUBARU CORP. ADR/1/2 F:FUH0	$9.62 Billion
GameStop Corp. NYSE:GME	$9.62 Billion
Confluent Inc NASDAQ:CFLT	$9.62 Billion
Merchant Express Class A SHE:001965	$9.62 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in ICICI Lombard General Insurance Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 144,851,700,000 to 166,338,900,000, a change of 21,487,200,000 (14.8%).
Net income of 27,719,400,000 contributed positively to equity growth.
New share issuances of 3,352,400,000 increased equity.
Other comprehensive income decreased equity by 2,871,200,000.
Other factors decreased equity by 6,713,400,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs27.72 Billion	+16.66%
Share Issuances	Rs3.35 Billion	+2.02%
Other Comprehensive Income	Rs-2.87 Billion	-1.73%
Other Changes	Rs-6.71 Billion	-4.04%
Total Change	Rs-	14.83%

Book Value vs Market Value Analysis

This analysis compares ICICI Lombard General Insurance Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 5.38x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 40.03x to 5.38x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-03-31	Rs44.56	Rs1783.60	x
2014-03-31	Rs53.72	Rs1783.60	x
2015-03-31	Rs65.79	Rs1783.60	x
2016-03-31	Rs73.21	Rs1783.60	x
2017-03-31	Rs86.18	Rs1783.60	x
2018-03-31	Rs104.16	Rs1783.60	x
2019-03-31	Rs118.70	Rs1783.60	x
2020-03-31	Rs132.49	Rs1783.60	x
2021-03-31	Rs166.47	Rs1783.60	x
2022-03-31	Rs186.78	Rs1783.60	x
2023-03-31	Rs212.36	Rs1783.60	x
2024-03-31	Rs246.72	Rs1783.60	x
2025-03-31	Rs290.17	Rs1783.60	x
2026-03-31	Rs331.49	Rs1783.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently ICICI Lombard General Insurance Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 16.66%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.23%
• Asset Turnover: 0.36x
• Equity Multiplier: 4.58x
Recent ROE (16.66%) is below the historical average (17.82%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	17.90%	7.18%	0.39x	6.46x	Rs1.56 Billion
2014	21.56%	9.41%	0.37x	6.11x	Rs2.79 Billion
2015	19.81%	10.19%	0.39x	4.96x	Rs2.90 Billion
2016	15.33%	7.28%	0.41x	5.19x	Rs1.76 Billion
2017	17.99%	8.40%	0.36x	5.99x	Rs3.12 Billion
2018	18.23%	8.91%	0.33x	6.29x	Rs3.89 Billion
2019	19.43%	9.41%	0.33x	6.19x	Rs5.09 Billion
2020	19.77%	10.33%	0.31x	6.13x	Rs5.90 Billion
2021	19.39%	11.37%	0.33x	5.17x	Rs7.13 Billion
2022	13.83%	7.68%	0.33x	5.53x	Rs3.52 Billion
2023	16.56%	9.31%	0.34x	5.27x	Rs6.85 Billion
2024	15.72%	8.81%	0.34x	5.19x	Rs6.98 Billion
2025	17.32%	10.07%	0.36x	4.76x	Rs10.60 Billion
2026	16.66%	10.23%	0.36x	4.58x	Rs11.09 Billion

Industry Comparison

This section compares ICICI Lombard General Insurance Company Limited's net assets metrics with peer companies in the Insurance - Diversified industry.

Industry Context

Industry: Insurance - Diversified
Average net assets among peers: $442,304,300,000
Average return on equity (ROE) among peers: 2.34%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
ICICI Lombard General Insurance Company Limited (ICICIGI)	Rs166.34 Billion	17.90%	3.58x	$9.63 Billion
The New India Assurance Company Limited (NIACL)	$442.30 Billion	2.34%	1.48x	$2.88 Billion

About ICICI Lombard General Insurance Company Limited

NSE:ICICIGI India Insurance - Diversified

Market Cap

$9.63 Billion

Rs890.21 Billion INR

Market Cap Rank

#2322 Global

#91 in India

Share Price

Rs1783.60

Change (1 day)

+2.85%

52-Week Range

Rs1689.10 - Rs2061.00

All Time High

Rs2268.71