ICICI Lombard’s PAT grows - 31% to over Rs 2500 crores for FY 2025
16 April 2025 5:26 PM IST
Performance for the quarter and year ended March 31, 2025
ICICI Lombard Logo (Photo by arrangement)
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 ₹ 268.33 billion in FY2025 compared to ₹ 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 ₹ 62.11 billion in Q4 FY2025 as against ₹ 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 ₹ 0.94 billion in FY2025 and ₹ 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 ₹ 33.21 billion in FY2025 compared to ₹ 25.55 billion in FY2024.
o PBT de-grew by 4.2% to ₹ 6.68 billion in Q4 FY2025 compared to ₹ 6.98 billion in Q4 FY2024.
o Capital gains was at ₹ 8.02 billion in FY2025 compared to ₹ 5.51 billion in FY2024. Capital gains was at ₹ 0.06 billion in Q4 FY2025 compared to ₹ 1.56 billion in Q4 FY2024.
· Consequently, Profit after tax (PAT) grew by 30.7% to ₹ 25.08 billion in FY2025 compared to ₹ 19.19 billion in FY2024.
o PAT de-grew by 1.9% to ₹ 5.10 billion in Q4 FY2025 from ₹ 5.19 billion in Q4 FY2024.
· The Board of Directors of the Company has proposed final dividend of ₹ 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 ₹ 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.
( Source : Deccan Chronicle )
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