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

Latest as of December 2025: Rs172.03 Billion INR ≈ $1.86 Billion USD

Based on the latest financial reports, ICICI Lombard General Insurance Company Limited (ICICIGI) has net assets worth Rs172.03 Billion INR (≈ $1.86 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs758.48 Billion ≈ $8.20 Billion USD) and total liabilities (Rs586.45 Billion ≈ $6.34 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 ICICIGI financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs172.03 Billion
% of Total Assets	22.68%
Annual Growth Rate	18.42%
5-Year Change	97.2%
10-Year Change	354.61%
Growth Volatility	4.74

ICICI Lombard General Insurance Company Limited - Net Assets Trend (2013–2025)

This chart illustrates how ICICI Lombard General Insurance Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore ICICI Lombard General Insurance Company total assets for the complete picture of this company's asset base.

Annual Net Assets for ICICI Lombard General Insurance Company Limited (2013–2025)

The table below shows the annual net assets of ICICI Lombard General Insurance Company Limited from 2013 to 2025. For live valuation and market cap data, see ICICIGI stock market capitalisation.

Year	Net Assets	Change
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 20161.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs67.59 Billion	46.66%
Common Stock	Rs4.96 Billion	3.42%
Other Comprehensive Income	Rs2.96 Billion	2.04%
Other Components	Rs69.34 Billion	47.87%
Total Equity	Rs144.85 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
Anhui Tongguan Copper Foil Group Co. Ltd. SHE:301217	$9.50 Billion
Renault SA PA:RNO	$9.51 Billion
Weichai Power Co. Ltd F:WI4	$9.54 Billion
MOWI ASA SP.ADR F:PNDA	$9.54 Billion
Localiza Rent a Car S.A SA:RENT3	$9.50 Billion
Booz Allen Hamilton Holding NYSE:BAH	$9.50 Billion
Sanlam Ltd JSE:SLM	$9.49 Billion
Skechers USA Inc NYSE:SKX	$9.49 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 2024 to 2025, total equity changed from 122,050,029,000 to 144,851,700,000, a change of 22,801,671,000 (18.7%).
Net income of 25,082,900,000 contributed positively to equity growth.
Share repurchases of 3,496,100,000 reduced equity.
New share issuances of 3,496,100,000 increased equity.
Other comprehensive income decreased equity by 101,920,000.
Other factors decreased equity by 2,179,309,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs25.08 Billion	+17.32%
Share Repurchases	Rs3.50 Billion	-2.41%
Share Issuances	Rs3.50 Billion	+2.41%
Other Comprehensive Income	Rs-101.92 Million	-0.07%
Other Changes	Rs-2.18 Billion	-1.5%
Total Change	Rs-	18.68%

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: 6.08x
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 39.57x to 6.08x 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	Rs1763.20	x
2014-03-31	Rs53.72	Rs1763.20	x
2015-03-31	Rs65.79	Rs1763.20	x
2016-03-31	Rs73.21	Rs1763.20	x
2017-03-31	Rs86.18	Rs1763.20	x
2018-03-31	Rs104.16	Rs1763.20	x
2019-03-31	Rs118.70	Rs1763.20	x
2020-03-31	Rs132.49	Rs1763.20	x
2021-03-31	Rs166.47	Rs1763.20	x
2022-03-31	Rs186.78	Rs1763.20	x
2023-03-31	Rs212.36	Rs1763.20	x
2024-03-31	Rs246.72	Rs1763.20	x
2025-03-31	Rs290.17	Rs1763.20	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): 17.32%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.07%
• Asset Turnover: 0.36x
• Equity Multiplier: 4.76x
Recent ROE (17.32%) is below the historical average (17.91%), 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

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: $134,998,872,000
Average return on equity (ROE) among peers: 9.77%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
ICICI Lombard General Insurance Company Limited (ICICIGI)	Rs172.03 Billion	17.90%	3.41x	$9.50 Billion
The New India Assurance Company Limited (NIACL)	$202.68 Billion	6.99%	2.11x	$2.86 Billion
Star Health and Allied Insurance Company Limited (STARHEALTH)	$67.32 Billion	12.55%	1.68x	$3.34 Billion

About ICICI Lombard General Insurance Company Limited

NSE:ICICIGI India Insurance - Diversified

Market Cap

$9.50 Billion

Rs878.42 Billion INR

Market Cap Rank

#2315 Global

#94 in India

Share Price

Rs1763.20

Change (1 day)

-0.42%

52-Week Range

Rs1689.10 - Rs2061.00

All Time High

Rs2268.71