AM Best Revises ICICI Lombard's Outlook to Positive, Affirms B++ Rating
Published on: Feb. 28, 2026, 9:05 a.m. | Source: scanx.trade
AM Best has revised ICICI Lombard General Insurance Company Limited's outlook to positive from stable while affirming its B++ Financial Strength Rating and bbb+ Long-Term Issuer Credit Rating. The rating agency also maintained the company's aaa.IN India National Scale Rating with a stable outlook. The positive revision reflects expectations of continued strengthening in balance sheet fundamentals, supported by robust capital generation and strong operating performance with a five-year average ROE of 17.3%. As India's second-largest non-life insurer with an 8.7% market share, ICICI Lombard maintains market-leading positions across major business lines and demonstrates resilient earnings performance.
