HDFC Life Insurance vs ICICI Lombard: share price, P/E, ROE and financials compared
HDFC Life Insurance Company
ICICI Lombard General Insurance Company
HDFC Life Insurance and ICICI Lombard at a glance
HDFC Life Insurance and ICICI Lombard are both listed in Financial Services. HDFC Life Insurance is the larger by market cap, at ₹1.2L Cr against ₹82,393 Cr for ICICI Lombard (1.5 times as large). On valuation, ICICI Lombard has the lower P/E (32.4× against 59.7×) and the lower price-to-book (3.94× against 6.47×). On returns and margins, ICICI Lombard has the higher ROE (13.6% against 11.3%). Over three years, ICICI Lombard has faster 3-year profit growth (+17.0% against +11.8% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | HDFC Life InsuranceHDFCLIFE | ICICI LombardICICIGI |
|---|---|---|
| Price (₹) | 565.30 | 1,649.00 |
| Market cap (₹ Cr) | 1,22,786 | 82,393 |
| P/E | 59.7× | 32.4× (the lower figure, shaded) |
| P/B | 6.47× | 3.94× (the lower figure, shaded) |
| Dividend yield, trailing | 0.37% | 0.85% (the higher figure, shaded) |
| ROE | 11.3% | 13.6% (the higher figure, shaded) |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 1.9% | 8.8% (the higher figure, shaded) |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +11.8% | +17.0% (the higher figure, shaded) |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | 2,048 | 2,555 |
| 1Y return | −26.8% | −20.6% (the higher figure, shaded) |
| Promoter holding | – | 51.28% |
HDFC Life Insurance vs ICICI Lombard: common questions
Which is bigger, HDFC Life Insurance or ICICI Lombard?
By market cap, HDFC Life Insurance is bigger at ₹1.2L Cr, against ₹82,393 Cr for ICICI Lombard (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,048 Cr for HDFC Life Insurance and ₹2,555 Cr for ICICI Lombard.
Which has a lower P/E ratio, HDFC Life Insurance or ICICI Lombard?
HDFC Life Insurance trades at a P/E of 59.7× and ICICI Lombard at 32.4×. ICICI Lombard has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, HDFC Life Insurance or ICICI Lombard?
HDFC Life Insurance reports a return on equity of 11.3% and ICICI Lombard 13.6%. ICICI Lombard has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, HDFC Life Insurance or ICICI Lombard?
Over the last three years: profit grew +11.8% a year at HDFC Life Insurance and +17.0% at ICICI Lombard, so ICICI Lombard grew profit faster. Past growth doesn’t predict future growth.