General Insurance industry

6 companies · ₹2.4 L cr · 6 with AI deep dives · Q1FY27 report

Exhibit 2What it costs

35.09x - 56.82x across the panel today

The median name trades at 47.0x, +15.7% against this industry's own 5-year median of 40.7x, and -59.1% against its own peak of 114.9x.

Exhibit 3Structure

₹2.4 L cr

ICICI Lombard General Insurance Company Ltd is 31.5% of this industry by market cap. The top 5 are 93.9% and the top 10 are 100%.

large 2mid 46 above ₹500 cr

Exhibit 5Coverage (6 of 6)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Mcap
₹72,844 cr
P/E
29.9x
P/B
4.3x
Combined
104.5%
Solvency
0.03x
Rev YoY
+15.8%
Mcap
₹61,422 cr
P/E
6.9x
P/B
1.0x
Combined
106.1%
Solvency
0.04x
Rev YoY
-1.6%
Mcap
₹33,222 cr
P/E
59.6x
P/B
4.4x
Combined
100.4%
Solvency
2.05x
Rev YoY
+13.9%
Mcap
₹32,655 cr
P/E
45.5x
P/B
1.3x
Combined
124.2%
Solvency
0.02x
Rev YoY
+3.4%
Mcap
₹23,619 cr
P/E
47.9x
P/B
5.1x
Combined
111.5%
Solvency
0.62x
Rev YoY
+7.6%
Mcap
₹14,751 cr
P/E
112.3x
P/B
3.9x
Combined
103.4%
Solvency
2.49x
Rev YoY
+29.1%

Exhibit 6What managements said

from this industry's latest earnings calls · as of 2026-06-30
tailwindRetail Health structurally outgrowing all other lines, with share gains across multiple players4 managements

Four managements independently highlighted retail health as the primary growth lever this quarter, each reporting growth materially above the industry average. ICICI Lombard…

  • ICICIGI (Q1FY27): “Our Retail Health business continued to demonstrate strong growth of 69.5% for Q1FY2027…
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Exhibit 7Outlook

The outlook and what resolves next quarter

Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.

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AppendixThe other 0 companies

1-0
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