IGI Logo

* Gross Direct Premium Income (GDPI) of the Company stood at Rs. 76.88 billion in Q1 FY2025 compared to Rs.63.87 billion in Q1 FY2024, a growth of 20.4%, which was higher than the industry growth of 13.3%. Excluding crop and mass health, GDPI growth of the Company was at 19.7%, which was higher than the industry growth of 14.8% in Q1 FY2025.

* Combined ratio stood at 102.3% for Q1 FY2025 compared to 103.8% for Q1 FY2024.

* Profit before tax (PBT) grew by 48.8% to Rs.7.74 billion in Q1 FY2025 as against Rs.5.20 billion in Q1 FY2024.

* Capital gains were at Rs.2.84 billion in Q1 FY2025 as against Rs.1.23 billion in Q1 FY2024.

* Consequently, Profit after tax (PAT) grew by 48.7% to Rs.5.80 billion in Q1 FY2025 as against Rs. 3.90 billion in Q1 FY2024.

* Return on Average Equity (ROAE) was 19.1% in Q1 FY2025 compared to 14.7% in Q1 FY2024.

* Solvency ratio was 2.56x as at June 30, 2024 as against 2.62x as at March 31, 2024 which was higher than the minimum regulatory requirement of 1.50x.

Operating Performance Review :       

                                                                                                                     (Rs. billion)

Ratios :

Notes:

Combined Ratio = (Net Incurred Claims/ Net Earned Premium) + (Management Expenses – Commission on Reinsurance)/ Net Written Premium

Management Expenses = Commission Paid Direct + Commission Paid on Reinsurance inward + Operating expenses related to insurance business

Return on Average Equity (ROAE) = Profit After Tax / ((Opening Net Worth + Closing Net Worth)/2)

Net Worth = Share Capital + Reserves & Surplus

Above views are of the author and not of the website kindly read disclaimer