Analysts/Institutional Investor Meet/Con. Call Updates

July 20, 2026 The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot C/1 Dalal Street G Block, Bandra Kurla Complex, Mumbai – 400 001 Mumbai – 400 051 Scrip code: Equity (BSE: 540716/ NSE: ICICIGI) Dear Sir/Madam, Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript of earnings conference call for the quarter ended June 30, 2026 This is further to our letter dated July 7, 2026 and July 15, 2026, please note that the Company had hosted an earnings conference call with investor(s) and analyst(s) on Wednesday, July 15, 2026 to discuss the financial performance of the Company for the quarter ended June 30, 2026. In this regard, please find attached transcript of the earnings conference call with investor(s) and analyst(s) for the quarter ended June 30, 2026. The above information will also be made available on the Company's website at www.icicilombard.com. You are requested to kindly take the same on your records. Thanking you. Yours Sincerely, For ICICI Lombard General Insurance Company Limited Vikas Mehra Company Secretary Encl. As above ICICI Lombard General Insurance Company Limited IRDA Reg . No. 115 CIN: L67200MH2000PLC129408 You can contact us at: Mailing Address: Registered Office: Toll free No.: 1800 2666 Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com New linking Road, Malad Mumbai - 400 025. west, Mumbai - 400064. ICICI Lombard General Insurance Company Limited Earnings Conference Call for the quarter ended June 30, 2026 July 15, 2026 Management: Mr. Sanjeev Mantri – MD & CEO, ICICI Lombard Mr. Gopal Balachandran – CFO, ICICI Lombard Mr. Anand Singhi – Chief - Corporate, International, Bancassurance (KRG) & Government Business, ICICI Lombard Mr. Girish Nayak – Chief Enterprise AI & Technology, ICICI Lombard Mr. Sandeep Goradia – Chief Retail Business Strategy & Solutions Team, ICICI Lombard Mr. Gaurav Arora – Chief Commercial Lines & Motor (Underwriting & Claims), ICICI Lombard Mr. Girish Sehgal - Chief Health UW & Claims, Customer Service & Operations, ICICI Lombard Q1FY2027 Earnings Call Script Moderator: Good evening, ladies and gentlemen, a very warm welcome to ICICI Lombard General Insurance Company Ltd’s Q1 FY2027 Earnings Conference call. From the senior management we have with us today, Mr. Sanjeev Mantri - MD & CEO of the company, Mr. Gopal Balachandran - CFO, Mr. Anand Singhi - Chief - Corporate, International, Banca (KRG) & Government Business, Mr. Girish Nayak – Chief Enterprise AI & Technology, Mr. Sandeep Goradia – Chief - Retail, Business Strategy & Solutions Team, Mr. Gaurav Arora – Chief Commercial Lines & Motor (Underwriting & Claims), and Mr. Girish Sehgal - Chief Health UW & Claims, Customer Service & Operations. Please note that any statements, comments are made in today's call that may look like forward looking statements are based on information presently available to the management and do not constitute an indication of any future performance as future involves risks and uncertainties which could cause results to defer materially from the current views being expressed. As a reminder all participants’ lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing * then 0 on your touchtone phone. I now hand the conference over to Mr. Sanjeev Mantri – MD & CEO, ICICI Lombard General Insurance Company Limited. Thank you and over to you, Sir. Sanjeev Mantri: Good evening to each one of you. Thank you for joining the earnings conference call of ICICI Lombard General Insurance Company Limited for Q1 FY2027. I would like to commence with an overview of the economic and industry trends which have shaped the operating environment over the past few months, coupled with insights on our company performance and our key initiatives. Following that, our Chief Financial Officer Mr. Gopal Balachandran, will take you through the Company’s financial performance for the period ended Q1 FY2027. The domestic economic momentum remained steady, with real GDP expanding by 7.8% Year on Year (YoY) in Q4 FY2026 and 7.7% for FY2026, supported primarily by private consumption and fixed investment in spite of a challenging global environment. Moving into Q1 FY2027, high-frequency indicators point to sustained economic momentum despite geopolitical and trade-related uncertainties. Consumption remained resilient, reflected by growth in passenger vehicle sales, aided by GST-led affordability gains, higher spending ability after a healthy harvest season and conducive financing conditions. GST collections remained healthy, while advance-tax collections recorded strong double-digit growth, indicating continued momentum in economic activity. India has recorded the highest ever first quarter retail vehicle sales of 7.8 million, which is indicative of the favourable demand factors. Furthermore, as per data from VAHAN, passenger vehicle registrations increased by 21.3% year-on-year, two-wheeler registrations grew by 13.8% and commercial vehicles reported a growth of 14.1%. Rural markets remained strong, with tractors also witnessing healthy demand reporting a growth of 21.8%. Bank credit growth remained strong during the quarter, with overall credit expanding mid –teens year-on-year. The latest available sectoral data indicate broad-based financing demand, with credit to large corporates improving and MSME loans also growing at over 20%. Services sector growth was supported by strong lending to NBFCs, commercial real estate and trade, while vehicle loans also recorded healthy growth. These trends point to sustained momentum across business investment, financial intermediation and household demand. India’s sound macroeconomic fundamentals and resilient domestic financial system provide buffers against external shocks. However, the impact of El Nino conditions on the monsoon and continuing geopolitical tensions are risks which may influence growth momentum. I will now talk about a recent judgement delivered on June 11, 2026 by the Honourable Supreme Court of India which has recognised the economic value of unpaid domestic work performed by homemakers while determining compensation under the Motor Vehicles Act. This judgement provides for compensation under a distinct head, “Loss of Domestic Care,” based on a monthly income of ₹ 30,000, with periodic increases to reflect inflation and socio-economic changes. Based on a preliminary assessment of the impact of this judgement, the Motor TP loss ratio of the industry is expected to increase in the range of 12% to 15%. Given the significance of the Judgement impacting Motor TP portfolio of the industry, an upward revision of Motor TP premium rates becomes both necessary and urgent in order to restore premium adequacy. That being said, the General Insurance Council has also filed a revision petition seeking review of the order. Keeping with our prudent and conservative reserving practices, the Company has made an assessment of the impact of the judgement on its Motor TP portfolio and has made the requisite provisions in its financials for Q1 FY2027. Gopal, will cover the specifics when he speaks on the financials later. Let me now dwell upon the industry performance for the quarter ended June 30, 2026. The General Insurance Industry reported a Gross Direct Premium Income (GDPI) growth of 10.9% for the period Q1FY2027. Speaking of specific segments within the industry: • The Commercial segment reported a de-growth of 8.6% in Q1 FY2027, driven by significant pricing pressure, particularly in the Fire insurance busi [Showing first 8,000 characters — download PDF for full document]