ICICIGI has delivered a steady second-quarter performance, reflecting growth in profitability and continued leadership in the general insurance space despite rising claim ratios. The company’s Q2 results showed resilient business momentum backed by healthy premium growth and operational stability. However, higher claim payouts across key segments slightly weighed on underwriting margins. The company posted a net profit of ₹819.54 crore, marking an 18.1% year-on-year rise.

The recent GST reforms have created a mixed impact on insurance stocks. Earlier, policyholders were paying 18% GST on life and health insurance premiums, which made policies expensive but allowed insurers to claim input tax credit (ITC) on their costs. With the new rules, premiums have been exempted from GST, immediately lowering the cost for consumers and improving affordability. This move is expected to boost insurance penetration and demand, which is why stocks like LIC, HDFC Life, and SBI Life rallied after the announcement.

Financial stocks have been in the spotlight as the broader market navigates volatility. NBFCs, in particular, are seeing renewed investor attention thanks to improving credit demand and positive regulatory changes. Against this backdrop, SHRIRAMFIN is showing encouraging signs both on the fundamental and technical fronts.