Excluding the impact of 1/n accounting norm, GDPI of the Company grew by 11.0% for FY2025, which was higher than the industry growth of 8.6%
FinTech BizNews Service
Mumbai, 15 April, 2025: ICICI Lombard has announced its Q4 & FY25 results today. The highlights of ICICI Lombard’s FY2025 performance are as follows: (With effect from October 1, 2024 Long-term Products are accounted on a 1/n basis, as mandated by IRDAI, hence Q4 & FY2025 are not comparable with prior years.)
Gross Direct Premium Income (GDPI) of the Company was at Rs 268.33 billion in
FY2025 compared to Rs 247.76 billion in FY2024, 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 FY2025, which was higher than
the industry growth of 8.6%.
o GDPI of the Company was at Rs 62.11 billion in Q4 FY2025 as against Rs
60.73 billion in Q4 FY2024, a growth of 2.3%, compared to the industry
growth of 1.7%.
Combined ratio was at 102.8% for FY2025 compared to 103.3% for FY2024.
Excluding the impact of CAT losses of Rs 0.94 billion in FY2025 and Rs 1.37 billion
in FY2024, the Combined ratio was 102.4% and 102.5% respectively.
o Combined ratio was at 102.5% in Q4 FY2025 compared to 102.3% in Q4
FY2024.
Profit before tax (PBT) grew by 30.0% to Rs 33.21 billion in FY2025 compared to
Rs 25.55 billion in FY2024.
o PBT de-grew by 4.2% to Rs 6.68 billion in Q4 FY2025 compared to Rs 6.98
billion in Q4 FY2024.
o Capital gains was at Rs 8.02 billion in FY2025 compared to Rs 5.51 billion in
FY2024. Capital gains was at Rs 0.06 billion in Q4 FY2025 compared to Rs
1.56 billion in Q4 FY2024.
Consequently, Profit after tax (PAT) grew by 30.7% to Rs 25.08 billion in FY2025
compared to Rs 19.19 billion in FY2024.
o PAT de-grew by 1.9% to Rs 5.10 billion in Q4 FY2025 from Rs 5.19 billion in
Q4 FY2024.
The Board of Directors of the Company has proposed final dividend of Rs 7.00 per
share for FY2025. The payment is subject to the approval of shareholders in the
ensuing Annual General Meeting of the Company. The overall dividend for
FY2025 including proposed final dividend is Rs 12.50 per share.
Return on Average Equity (ROAE) was at 19.1% in FY2025 compared to 17.2%
in FY2024.
o ROAE was at 14.5% in Q4 FY2025 compared to 17.8% in Q4 FY2024.
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.
