ICICI Lombard Share Price: 7.9% CAGR in 3 Years as the General Insurer Compares With SBI Life Insurance and LIC
- November 13, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
ICICI Lombard Share Price: 7.9% CAGR in 3 Years as the General Insurer Compares With SBI Life Insurance and LIC
ICICI Lombard previous close Rs 1,700.60. 3-year CAGR 7.9%. Up 1.3x since 10 Nov 2023. ROE 13.57%. Market cap Rs 84,683 crore.
Quick Answer
The ICICI Lombard share price closed at Rs 1,700.60 on 12 November 2026, a compounded annual return of 7.9% over three years. That compares with SBI Life Insurance at 10.3% and Life Insurance Corporation at 9.8%. The company has a market cap of Rs 84,683 crore and an ROE of 13.57%.
The ICICI Lombard share price has compounded at a steady pace over three years, and the company earns a return on equity of 13.57%. ICICI Lombard General Insurance, based in Mumbai, is one of the leading private general insurers in India and sells motor, health, property and travel policies.
This article compares that record with two listed life insurers, SBI Life Insurance and the Life Insurance Corporation of India. We calculate the three-year CAGR for all three and set the results beside market cap, valuation and return on equity, using prices adjusted for corporate actions. A general insurer and a life insurer earn money in different ways, so the comparison is best read as a view of listed insurance stocks.
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How Much Has the ICICI Lombard Share Price Returned in 3 Years?
The ICICI Lombard stock closed at Rs 1,352.25 on 10 November 2023 and at Rs 1,700.60 on 12 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.26 lakh, which is a CAGR of 7.9%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as ICICI Lombard can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The ICICI Lombard share price has also followed the growth in motor and health policies sold by the company and the rise in premiums across general insurance.
ICICI Lombard vs SBI Life Insurance and Life Insurance Corporation: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 12 November 2026.
| Company | Close on 10 Nov 2023 | Previous close (12 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| SBI Life Insurance | Rs 1,355.40 | Rs 1,819.50 | 1.3x | 10.3% |
| Life Insurance Corporation | Rs 305.12 | Rs 404.00 | 1.3x | 9.8% |
| ICICI Lombard General Insurance | Rs 1,352.25 | Rs 1,700.60 | 1.3x | 7.9% |
The ICICI Lombard stock ranks third of the three at 7.9%. The companies ahead are SBI Life Insurance (10.3%) and Life Insurance Corporation (9.8%). SBI Life Insurance leads the group on three-year CAGR, followed by LIC and ICICI Lombard. By market cap ICICI Lombard is the smallest of the three.
Look at the ICICI Lombard share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | ROE | P/B |
|---|---|---|---|---|
| Life Insurance Corporation | Rs 5,11,692 crore | 8.24 | 32.73% | 2.70 |
| SBI Life Insurance | Rs 1,82,620 crore | 68.76 | 12.93% | 8.89 |
| ICICI Lombard General Insurance | Rs 84,683 crore | 33.15 | 13.57% | 4.50 |
By market cap, Life Insurance Corporation is the largest of the group at Rs 5,11,692 crore, while the ICICI Lombard stock stands at Rs 84,683 crore, about 17% of that size. On earnings, ICICI Lombard shares trade at a P/E of 33.15. Peer multiples are SBI Life Insurance at 68.76 and Life Insurance Corporation at 8.24.
Return on equity is 13.57% for the ICICI Lombard stock, which ranks second among the three, and the price to book ratio stands at 4.50. Trailing EPS is Rs 51.12. Insurers are valued on the price to book ratio and the return on equity, so the P/E should be read together with those two measures rather than on its own.
What Is Driving the ICICI Lombard Stock?
ICICI Lombard sells motor insurance for cars and two-wheelers, health policies, and cover for homes, businesses and travel. It sells through its own staff, agents, banks and online platforms, which gives it several ways to reach customers.
A general insurer earns from the premiums it collects and from the returns on the money it holds until claims are paid. Claims that are lower than premiums leave a profit, so the company’s results depend on how well it prices risk.
Followers of the ICICI Lombard share price usually track growth in premiums, the share of premiums paid out as claims, the return on its investments and the return on equity.
How the Established Players Stack Up
SBI Life Insurance is a Mumbai-based life insurer promoted by the State Bank of India that sells protection, savings and pension policies through bank branches and agents. It compounded at 10.3% a year, on a market cap of Rs 1,82,620 crore and an ROE of 12.93%.
Life Insurance Corporation is the state-owned life insurer and the largest in India, with a vast agent network and a wide range of policies. It compounded at 9.8% a year, on a market cap of Rs 5,11,692 crore and an ROE of 32.73%.
What Should Investors Track Next?
Three things are worth watching on the ICICI Lombard share price. First, growth in premiums from motor and health policies. Second, the share of premiums paid out as claims. Third, the return on its investments.
At a P/E of 33 and an ROE of 13.57%, the stock sits between the two life insurers on returns. The price to book ratio is 4.50, so follow quarterly numbers closely.
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How to Compare Insurance Stocks Yourself
You can repeat this exercise for any pair of stocks, including the ICICI Lombard stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the ICICI Lombard share price, the same four checks give a more complete picture than price alone.
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A Leading Private General Insurer Beside Two Life Insurance Giants
The ICICI Lombard share price compounded at 7.9% a year over three years, against SBI Life Insurance at 10.3% and LIC at 9.8%. Its ROE of 13.57% is the second highest of the three, behind LIC at 32.73%.
SBI Life Insurance brings the faster run, while LIC brings the largest market cap, the highest ROE and the lowest P/E. ICICI Lombard brings a general insurance business in motor and health cover. The choice depends on which part of insurance you prefer.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the ICICI Lombard share price today?
Ans. ICICI Lombard General Insurance closed at Rs 1,700.60 on 12 November 2026, according to NSE data. It has a market cap of Rs 84,683 crore and a P/E of 33.15. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the ICICI Lombard stock?
Ans. ICICI Lombard General Insurance delivered a price CAGR of 7.9% over three years, moving from Rs 1,352.25 on 10 November 2023 to Rs 1,700.60 on 12 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is ICICI Lombard better than SBI Life Insurance?
Ans. SBI Life Insurance delivered a higher three-year CAGR at 10.3% than ICICI Lombard at 7.9%. SBI Life Insurance is larger by market cap at Rs 1,82,620 crore against Rs 84,683 crore, while ICICI Lombard trades at a lower P/E of 33.15 against 68.76 and has a higher ROE at 13.57% against 12.93%. The better choice depends on your view of each business.
What does ICICI Lombard General Insurance do?
Ans. ICICI Lombard General Insurance is a Mumbai-based private general insurer that sells motor, health, property and travel insurance.
What is the return on equity of the ICICI Lombard stock?
Ans. The return on equity of the ICICI Lombard stock is 13.57% and its price to book ratio is 4.50. For an insurer, ROE and the price to book ratio show how well the company turns shareholder capital into profit and how much the market pays for it. Always check the latest results for current figures.
How does the P/E of ICICI Lombard compare with its peers?
Ans. ICICI Lombard trades at a P/E of 33.15, compared with SBI Life Insurance at 68.76 and Life Insurance Corporation at 8.24. A multiple needs to be read together with growth and return on equity.
Which insurance stock gave the highest return in 3 years?
Ans. Among the companies compared here, SBI Life Insurance delivered the highest three-year CAGR at 10.3%, followed by Life Insurance Corporation at 9.8%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
