Is ICICI Lombard General Insurance the Best Stock in Its Sector? A Look at the Numbers

Is ICICI Lombard General Insurance the best stock in its sector? The stock trades on the NSE at Rs 1,674 as of 13 October 2026, within its 52-week range of Rs 1,423.10 to Rs 2,064.90. ICICI Lombard General Insurance Company Ltd, headquartered in Mumbai, is one of India's leading private general insurers, offering motor, health, property and other non-life insurance.

ICICI Lombard General Insurance sits in the Insurance sector, and its 14.27% ROE and 34.16x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

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About ICICI Lombard General Insurance

ICICI Lombard General Insurance Company Ltd, headquartered in Mumbai, is one of India's leading private general insurers, offering motor, health, property and other non-life insurance. It earns premiums across motor, health and other general insurance lines. The stock trades about 19 percent below its 52-week high and about 18 percent above its 52-week low. At a market capitalisation of Rs 82,941 Cr, it is tracked as part of the Insurance sector on Univest.

Is ICICI Lombard General Insurance the Best Stock in Its Sector?

ICICI Lombard General Insurance makes its case as the best stock in its sector primarily on return on equity, combining a 14.27% ROE with a 34.16x P/E against the sector's 13.88x Industry P/E. ICICI Lombard's 14.27% ROE is nearly three times the 4.95% peer average, and its 34.16x P/E is below both New India Assurance and Star Health, though it is still more than double the 13.88x Industry P/E.

Metric	ICICI Lombard General Insurance
CMP (NSE)	Rs 1,674.00
52-Week High / Low	Rs 2,064.90 / Rs 1,423.10
Market Cap	Rs 82,941 Cr
P/E (TTM) vs Industry P/E	34.16x vs 13.88x
P/B	4.88
ROE	14.27%
EPS (TTM)	Rs 48.59
Dividend Yield	0.81%

Debt to equity is not shown for insurers; balance sheet strength for an insurer is better assessed through the P/B ratio shown above.

Compare ICICI Lombard General Insurance Against Other Insurance Sector Stocks

How ICICI Lombard General Insurance Compares Against Its Insurance Sector Peers

The table below sets ICICI Lombard General Insurance against 2 other Insurance sector names, using the same live data source for every company. A peer average row is included for P/E, ROE, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE
ICICI Lombard General Insurance	82,941	34.16	14.27%
New India Assurance	30,776	39.65	4.08%
Star Health and Allied Insurance	33,075	39.18	5.82%
Peer average (2 companies)	-	39.41	4.95%

Against this peer set, ICICI Lombard General Insurance's 14.27% ROE is above the 4.95% peer average, and its P/E of 34.16x runs below the peer average of 39.41x. ICICI Lombard's 14.27% ROE is nearly three times the 4.95% peer average, and its 34.16x P/E is below both New India Assurance and Star Health, though it is still more than double the 13.88x Industry P/E.

What Makes ICICI Lombard General Insurance Worth Watching in Insurance

• Higher returns: A 14.27% ROE is well above New India Assurance at 4.08% and Star Health at 5.82%.
• Valuation: A 34.16x P/E is below both insurers in the peer table but above the 13.88x Industry P/E.
• Low payout: A dividend yield of 0.81% means returns depend mainly on price growth.

ICICI Lombard General Insurance Valuation: Is It Justified?

ICICI Lombard's 14.27% ROE is nearly three times the 4.95% peer average, and its 34.16x P/E is below both New India Assurance and Star Health, though it is still more than double the 13.88x Industry P/E. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Bharat Electronics the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track ICICI Lombard General Insurance and other Insurance sector stocks.

How to Track ICICI Lombard General Insurance Before You Invest

Before deciding whether ICICI Lombard General Insurance deserves its label as the best stock in its sector for your own portfolio, compare it directly against Insurance sector peers using the steps below.

1. Open the Univest Screener and search for ICICI Lombard General Insurance to view live price, valuation ratios, and peer comparisons within the Insurance sector.
2. Compare its P/E, P/B, and ROE against other Insurance sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

ICICI Lombard General Insurance earns a place in the best stock in its sector conversation on the strength of a 14.27% ROE and a P/E of 34.16x against a 13.88x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is ICICI Lombard General Insurance the best stock in its sector?

Ans. ICICI Lombard General Insurance has a 14.27% ROE and trades at 34.16x P/E against a 13.88x Industry P/E, and compares above the peer average ROE of 4.95% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of ICICI Lombard General Insurance?

Ans. ICICI Lombard General Insurance was trading at Rs 1,674.00 on the NSE as of 13 October 2026, within its 52-week range of Rs 1,423.10 to Rs 2,064.90.

What sector does ICICI Lombard General Insurance belong to?

Ans. ICICI Lombard General Insurance is classified under the Insurance sector on Univest.

How does ICICI Lombard General Insurance compare to its sector peers on P/E?

Ans. ICICI Lombard General Insurance's P/E of 34.16x is below the 39.41x average of the 2 named peers compared in this article.

What is ICICI Lombard General Insurance's return on equity?

Ans. ICICI Lombard General Insurance reported a return on equity of 14.27%, which is above the 4.95% average of its named peers in this comparison.

Should I invest in ICICI Lombard General Insurance based on its sector position?

Ans. ICICI Lombard General Insurance's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.

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