ICICI Lombard’s PAT grows ~31% to over Rs. 2500 crores for FY 2025
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 comparablewith 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%.
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 ? 0.94 billion in FY2025 and Rs 1.37 billion in FY2024, the Combined ratio was 102.4% and 102.5% respectively.
Combined ratio was at 102.5% in Q4 FY2025 compared to 102.3% in Q4 FY2024.
Profit before tax (PBT) grew by30.0% to Rs 33.21 billion in FY2025 compared to Rs 25.55 billion in FY2024.
PBT de-grew by4.2% to Rs 6.68 billion in Q4 FY2025 compared to Rs 6.98 billion in Q4 FY2024.
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 by30.7% to Rs 25.08 billion in FY2025 compared to Rs 19.19 billion in FY2024.
PAT de-grew by1.9% to ? 5.10billion 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 at19.1%in FY2025 compared to 17.2% in FY2024.
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 December31, 2024 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was at 2.62x as at March 31, 2024.
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