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ICICI Lombard General Insurance Company Results: Latest Quarterly Results & Analysis

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ICICI Lombard General Insurance Company Ltd. 15 Jul 2025 18:09 PM
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Q1FY26 Quarterly Result Announced for ICICI Lombard General Insurance Company Ltd.

ICICI Lombard General Insurance Company announced Q1FY26 results

  • Gross Direct Premium Income (GDPI) of the Company was at Rs 77.35 billion in Q1FY26 compared to Rs 76.88 billion in Q1FY25, a growth of 0.6%, as against the industry growth of 8.8%. Excluding the impact of 1/n accounting norm, GDPI of the Company grew by 4.8% for Q1FY26, as against the industry growth of 12.8%.
  • Combined ratio was at 102.9% for Q1FY26 compared to 102.3% for Q1FY25.
  • Profit before tax (PBT) grew by 28.4% to Rs 9.94 billion in Q1FY26 compared to Rs 7.74 billion in Q1FY25.
    • Capital gains was at Rs 3.80 billion in Q1FY26 compared to Rs 2.84 billion in Q1FY25.
  • Consequently, Profit after tax (PAT) grew by 28.7% to Rs 7.47 billion in Q1FY26 compared to Rs 5.80 billion in Q1FY25.
  • Return on Average Equity (ROAE) was at 20.5% in Q1FY26 compared to 19.1% in Q1FY25.
  • Solvency ratio was at 2.70x as at June 30, 2025 as against 2.69x as at March 31, 2025 which was higher than the minimum regulatory requirement of 1.50x.

Result PDF

Result PDF

General Insurance company ICICI Lombard General Insurance announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • GDPI of the Company was at Rs 62.11 billion in Q4FY25 as against Rs 60.73 billion in Q4FY24, a growth of 2.3%, compared to the industry growth of 1.7%.
  • Combined ratio was at 102.5% in Q4FY25 compared to 102.3% in Q4FY24.
  • PBT de-grew by 4.2% to Rs 6.68 billion in Q4FY25 compared to Rs 6.98 billion in Q4FY24.
  • Capital gains was at Rs 0.06 billion in Q4FY25 compared to Rs 1.56 billion in Q4FY24.
  • PAT de-grew by 1.9% to Rs 5.10 billion in Q4FY25 from Rs 5.19 billion in Q4FY24.
  • ROAE was at 14.5% in Q4FY25 compared to 17.8% in Q4FY24.

FY25 Financial Highlights:

  • Gross Direct Premium Income (GDPI) of the Company was at Rs 268.33 billion in FY25 compared to Rs 247.76 billion in FY24, a growth of 8.3%, which was higher than the industry growth of 6.2%. Excluding the impact of 1/n accounting norm, GDPI of the Company grew by 11.0% for FY25, which was higher than the industry growth of 8.6%.
  • Combined ratio was at 102.8% for FY25 compared to 103.3% for FY24. Excluding the impact of CAT losses of Rs 0.94 billion in FY25 and Rs 1.37 billion in FY24, the Combined ratio was 102.4% and 102.5% respectively.
  • Profit before tax (PBT) grew by 30.0% to Rs 33.21 billion in FY25 compared to Rs 25.55 billion in FY24.
  • Profit after tax (PAT) grew by 30.7% to Rs 25.08 billion in FY25 compared to Rs 19.19 billion in FY24.
  • Return on Average Equity (ROAE) was at 19.1% in FY25 compared to 17.2% in FY24.
  • Solvency ratio was at 2.69x as at March 31, 2025 as against 2.36x as at December 31, 2024 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was at 2.62x as at March 31, 2024.
  • Capital gains was at Rs 8.02 billion in FY25 compared to Rs 5.51 billion in FY24.
  • The Board of Directors of the Company has proposed final dividend of Rs 7.00 per share for FY25. The payment is subject to the approval of shareholders in the ensuing Annual General Meeting of the Company. The overall dividend for FY25 including proposed final dividend is Rs 12.50 per share.

Result PDF

ICICI Lombard General Insurance Company announced 9MFY25 & Q3FY25 results

Q3FY25 Financial Highlights:

  • GDPI of the Company was at Rs 62.14 billion in Q3FY25 as against Rs 62.30 billion in Q3FY24, a de-growth of 0.3%, as against the industry growth of 9.5%. Excluding the impact of 1/n, GDPI of the Company grew by 4.8% for Q3FY25.
  • Combined ratio was at 102.7% in Q3FY25 as against 103.6% in Q3FY24.
  • PBT grew at 67.3% to Rs 9.60 billion in Q3FY25 as against Rs 5.74 billion in Q3FY24.
  • Capital gains was at Rs 2.76 billion in Q3FY25 as against Rs 1.08 billion in Q3FY24.
  • PAT grew at 67.9% to Rs 7.24 billion in Q3FY25 from Rs 4.31 billion in Q3FY24.
  • ROAE was at 21.5% in Q3FY25 compared to 15.3% in Q3FY24.

9MFY25 Financial Highlights:

  • Gross Direct Premium Income (GDPI) of the Company was at Rs 206.23 billion in 9MFY25 compared to Rs 187.03 billion in 9MFY24, a growth of 10.3%, which was higher than the industry growth of 7.8%. Excluding the impact of 1/n, GDPI of the Company grew by 11.9% for 9MFY25.
  • Combined ratio was at 102.9% for 9MFY25 compared to 103.7% for 9MFY24.
  • Profit before tax (PBT) grew at 42.8% to Rs 26.53 billion in 9MFY25 as against Rs 18.57 billion in 9MFY24.
  • Capital gains was at Rs 7.96 billion in 9MFY25 as against Rs 3.95 billion in 9MFY24.
  • Consequently, Profit after tax (PAT) grew at 42.9% to Rs 19.99 billion in 9MFY25 as against Rs 13.99 billion in 9MFY24.
  • Return on Average Equity (ROAE) was at 20.8% in 9MFY25 compared to 17.1% in 9MFY24
  • Solvency ratio was 2.36x as at December 31, 2024 as against 2.65x as at September 30, 2024 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.62x as at March 31, 2024.

Result PDF

General Insurance company ICICI Lombard General Insurance Company announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highilights:

  • GDPI of the Company was at Rs 67.21 billion in Q2FY25 as against Rs 60.86 billion in Q2FY24, growth of 10.4%. This growth was higher than industry growth of 2.0%. Excluding crop and mass health, GDPI growth of the Company was at 9.4%, which was higher than the industry growth of 6.9% in Q2FY25.
  • Combined ratio stood at 104.5% in Q2FY25 as against 103.9% in Q2FY24. Excluding the impact of CAT losses of Rs 0.94 billion in Q2FY25 and Rs 0.48 billion in Q2FY24, the combined ratio was 102.6% and 102.8% respectively
  • Capital gains were at Rs 5.21 billion in H1FY25 as against Rs 2.87 billion in H1FY24. Capital gains were at Rs 2.37 billion in Q2FY25 as against Rs 1.65 billion in Q2FY24.

H1FY25 Financial Highilights:

  • Gross Direct Premium Income (GDPI) of the Company stood at Rs 144.09 billion in H1FY25 compared to Rs 124.72 billion in H1FY24, a growth of 15.5%, which was higher than the industry growth of 7.0%. Excluding crop and mass health, GDPI growth of the Company was at 15.0%, which was higher than the industry growth of 10.9% in H1FY25.
  • Combined ratio stood at 103.2% for H1FY25 compared to 103.8% for H1FY24. Excluding the impact of CAT losses of Rs 0.94 billion in H1FY25 and Rs 0.83 billion in H1FY24, the combined ratio was 102.2% and 102.7% respectively.
  • Profit before tax (PBT) grew by 31.9% to Rs 16.93 billion in H1FY25 as against Rs 12.84 billion in H1FY24 whereas PBT grew by 20.3% to Rs 9.19 billion in Q2FY25 as against Rs 7.64 billion in Q2FY24.
  • Consequently, Profit after tax (PAT) grew by 31.7% to Rs 12.74 billion in H1FY25 as against Rs 9.68 billion in H1FY24. PAT grew by 20.2% to Rs 6.94 billion in Q2FY25 from Rs 5.77 billion in Q2FY24.
  • Return on Average Equity (ROAE) was 20.3% in H1FY25 compared to 18.0% in H1FY24 while ROAE was 21.8% in Q2FY25 compared to 21.1% in Q2FY24.
  • Solvency ratio was 2.65x as at Q2FY25 as against 2.56x as at June 30, 2024 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.62x as at FY24.
  • The Board of Directors of the company has declared interim dividend of Rs 5.50 per share for H1FY25 as against Rs 5.00 for H1FY24.

Result PDF

ICICI Lombard General Insurance Company announced Q1FY25 results:

  • Profit Before Tax and Profit After Tax for Q1FY25 stood at Rs 7.74 billion and Rs 5.80 billion, respectively, showing a significant growth of 48.8% in PBT and 48.7% in PAT compared to Q1 FY2024.
  • ICICI Lombard reported a Gross Direct Premium Income of Rs 76.88 billion for Q1FY25, marking a 20.4% growth from the previous year.
  • The company's Return on Average Equity was 19.1% in Q1FY25, up from 14.7% in Q1FY24
  • ROAE rose to 19.1% from 14.7% in Q4FY24.

Result PDF

ICICI Lombard General Insurance Company announced Q3FY24 & 9MFY24 results:

Financial Highlights

Gross Direct Premium Income (GDPI):
- 9MFY24: Rs 187.03 billion, a growth of 16.5% from 9MFY23.
- Q3FY24: Rs 62.30 billion, a growth of 13.4% from Q3FY23.

Combined Ratio:
- 9MFY24: 103.7%, improved from 104.6% in 9MFY23.
- Q3FY24: 103.6%, improved from 104.4% in Q3FY23.

Profit Before Tax (PBT):
- 9MFY24: Rs 18.57 billion, increased by 20.6% from 9MFY23.
- Q3FY24: Rs 5.74 billion, increased by 23.3% from Q3FY23.

Profit After Tax (PAT):
- 9MFY24: Rs 13.99 billion, 8.3% higher than in 9MFY23.
- Q3FY24: Rs 4.31 billion, a rise of 22.4% from Q3FY23.

Return on Average Equity (ROAE):
- 9MFY24: At 17.1%, down slightly from 18.1% in 9MFY23.
- Q3FY24: At 15.3%, up from 14.3% in Q3FY23.

Solvency Ratio:
- As of December 31, 2023: Stood at 2.57x, above the regulatory requirement of 1.5x.

Operational Performance

Operating Ratios:
- Excluding the impact of catastrophes, the combined ratio for 9MFY24 would be 102.6%.

Investment Returns

Realised Returns:
- 9MFY24: 5.89% on investments, an upturn from 5.47% in 9MFY23.

Investment Portfolio:
- Investment leverage stood at 4.11x at the end of 9MFY24.
- Unrealised gain of Rs 10.12 billion as of December 31, 2023.

Market Position

Market Share:
- ICICI Lombard holds an 8.8% market share for 9MFY24.

Product Breakdown

Motor Insurance:
- Motor Own Damage (OD) loss ratio improved to 64.9% in 9MFY24 from 65.3%.
- Motor Third Party (TP) loss ratio improved to 64.6% in 9MFY24 from 67.3%.

Health, Travel & Personal Accident Insurance:
- Loss ratio reduced to 80.1% in 9MFY24 from 78.0% in 9MFY23.

Property & Casualty (P&C):
- Fire loss ratio increased to 70.6% in 9MFY24 from 49.0%.
- Marine loss ratio increased to 79.6% in 9MFY24 from 60.6%.

 

 

Result PDF

ICICI Lombard General Insurance Company announced Q2FY24 & H1FY24 results:

  • Gross Direct Premium Income (GDPI) of the Company stood at Rs 124.72 billion in H1FY24 compared to Rs 105.55 billion in H1FY23, a growth of 18.2%, which was higher than the industry growth of 14.9%.
  • GDPI of the Company was at Rs 60.86 billion in Q2FY24 as against Rs 51.85 billion in Q2FY23, growth of 17.4%. This growth was higher than industry growth of 12.5%.
  • The combined ratio stood at 103.7% for H1FY24 compared to 104.6% for H1FY23. Excluding the impact of CAT losses of Rs 0.83 billion in H1FY24 and 0.28 billion in H1FY23, the combined ratio was 102.7% and 104.2% respectively.
  • Combined ratio stood at 103.9% in Q2FY24 as against 105.1% in Q2FY23. Excluding the impact of CAT losses of Rs 0.48 billion in Q2FY24 and Rs 0.28 billion in Q2FY23, the combined ratio was 102.8% and 104.3%.
  • Profit before tax (PBT) grew by 19.4% to Rs 12.84 billion in H1FY24 as against Rs 10.75 billion in H1FY23 whereas PBT grew by 25.3% to Rs 7.64 billion in Q2FY24 as against Rs 6.10 billion in Q2FY23.
  • Consequently, Profit after tax (PAT) grew by 3.0% to Rs 9.68 billion in H1FY24 as against Rs 9.40 billion in H1FY23.
  • PAT fell by 2.2% to Rs 5.77 billion in Q2FY24 from Rs 5.91 billion in Q2FY23. Excluding the one-time impact of the reversal of tax provision in Q2FY23, PAT grew by 19.2% in H1FY24 and 24.8% in Q2FY24.
  • Return on Average Equity (ROAE) was 18.0% in H1FY24 compared to 19.9% in H1FY23 while ROAE was 21.1% in Q2FY24 compared to 24.5% in Q2FY23.
  • Solvency ratio was 2.59x on September 30, 2023, as against 2.53x on June 30, 2023, and higher than the minimum regulatory requirement of 1.50x. The solvency ratio was 2.51x on March 31, 2023.
  • The Board of Directors of the company has declared an interim dividend of Rs 5.00 per share for H1FY24 as against Rs 4.50 for H1FY23.

 

 

Result PDF

ICICI Lombard General Insurance Company announced Q1FY24 results:

  • Gross Direct Premium Income (GDPI) of the Company stood at Rs 63.87 billion in Q1FY24 compared to Rs 53.70 billion in Q1FY23, a growth of 18.9%, which was higher than the industry growth of 17.9%. Excluding crops, the GDPI growth of the Company was at 19.2%, which was higher than the industry growth of 17.4% in Q1FY24.
  • Combined ratio stood at 103.8% for Q1FY24 compared to 104.1% for Q1FY23.
    • Excluding the impact of cyclone of Rs 0.35 billion, the combined ratio was 102.9% for Q1FY24.
  • Profit before tax (PBT) grew by 11.8% to Rs 5.20 billion in Q1FY24 as against Rs 4.65 billion in Q1FY23.
    • Capital gains was at Rs 1.23 billion in Q1FY24 as against Rs 0.32 billion in Q1FY23.
  • Consequently, Profit after tax (PAT) grew by 11.8% to Rs 3.90 billion in Q1FY24 as against Rs 3.49 billion in Q1FY23.
  •  Return on Average Equity (ROAE) was 14.7% in Q1FY24 as against 15.0% in Q1FY23. 
  • Solvency ratio was 2.53x as at June 30, 2023 as against 2.51x as at March 31, 2023 which was higher than the minimum regulatory requirement of 1.50x.

 

 

Result PDF

ICICI Lombard General Insurance Company announced Q4FY23 results:

  • FY23:
    • Gross Direct Premium Income (GDPI) of the company stood at Rs 210.25 billion in FY23 compared to Rs 179.77 billion in FY22, a growth of 17.0% which was higher than the industry growth of 16.4%
    • Combined ratio stood at 104.5% in FY23 compared to 108.8% in FY22
    • Profit before tax (PBT) grew by 25.5% to Rs 21.13 billion in FY23 compared to Rs 16.84 billion in FY22
    • Capital gains were at Rs 4.53 billion in FY23 compared to Rs 7.38 billion in FY22
    • Profit after tax (PAT) grew 36.0% to Rs 17.29 billion in FY23 compared to Rs 12.71 billion in FY22. PAT includes the reversal of tax provision of Rs 1.28 billion in Q2FY23
    • Return on Average Equity (ROAE) was 17.7% in FY23 as against 14.7% in FY22
  • Q4FY23:
    • GDPI of the company was at Rs 49.77 billion in Q4FY23 as against Rs 46.66 billion in Q4FY22, a growth of 6.7% as against the industry growth of 16.9%
    • Combined ratio stood at 104.2% in Q4FY23 compared to 103.2% in Q4FY22
    • PBT grew by 39.5% to Rs 5.73 billion in Q4FY23 as against Rs 4.10 billion in Q4FY22
    • Capital gains were at Rs 1.59 billion in Q4FY23 as against Rs 1.36 billion in Q4FY22
    • PAT grew by 39.8% to Rs 4.37 billion in Q4FY23 as against Rs 3.13 billion in Q4FY22
    • ROAE was 17.2% in Q4FY23 as against 14.0% in Q4FY22
  • The Board of Directors of the company has proposed a final dividend of Rs 5.50 per share for FY23. The payment is subject to the approval of shareholders in the ensuing Annual General Meeting of the Company. The overall dividend for FY23 including proposed final dividend is Rs 10.00 per share
  • Solvency ratio was 2.51x as of March 31, 2023 as against 2.45x as of December 31, 2022 which was higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.46x as of March 31, 2022.

 

 

Result PDF

ICICI Lombard General Insurance Company announced Q3FY23 results:

  • Q3FY23:
    • GDPI of the company was at Rs 54.93 billion in Q3FY23 as against Rs 46.99 billion in Q3FY22, a growth of 16.9% as against the industry growth of 18.1%. Excluding crop, GDPI growth of the company was at 17.1%, which was higher than the industry growth of 16.6% in Q3FY23.
    • Combined ratio was at 104.4% in Q3FY23 compared to 104.5% in Q3FY22.
    • Capital gains were at Rs 2.94 billion in 9MFY23 compared to Rs 6.01 billion in 9MFY22. Capital gains were at Rs 1.52 billion in Q3FY23 as against Rs 1.31 billion in Q3FY22.
    • PAT grew by 11.0% to Rs 3.53 billion in Q3FY23 as against Rs 3.18 billion in Q3FY22.
  • 9MFY23:
    • Gross Direct Premium Income (GDPI) of the company increased to Rs 160.48 billion in 9MFY23 compared to Rs 133.11 billion in 9MFY22, a growth of 20.6% which was higher than the industry growth of 16.2%. Excluding crop, GDPI growth of the company was at 19.9%, which was higher than the industry growth of 17.5% in 9MFY23
    • Combined ratio was at 104.6% in 9MFY23 compared to 111% in 9MFY22.
    • Profit before Tax (PBT) grew by 21% to Rs 15.40 billion in 9MFY23 compared to Rs 12.73 billion in 9MFY22, whereas PBT grew by 10.5% to Rs 4.65 billion in Q3FY23 as against Rs 4.21 billion in Q3FY22.
    • Consequently, Profit after Tax (PAT) grew by 34.8% to Rs 12.92 billion in 9MFY23 compared to Rs 9.59 billion in 9MFY22. PAT includes reversal of tax provision of Rs 1.28 billion in Q2FY23. Excluding this, PAT grew by 21.4% for 9MFY23.
    • Return on Average Equity (RoAE) was 18.1% in 9MFY23 as against 15.1% in 9MFY22, whereas RoAE was 14.3% in Q3FY23 as against 14.6% in Q3FY22.

Result PDF

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