ICICI Lombard General Insurance Q2FY25 and H1FY25 Results
ICICI Lombard reported strong financial results for Q2FY25 and H1FY25, exceeding industry growth. Key highlights include double-digit GDPI growth and robust profitability.
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by RA ALOK DAIYA SEBI Reg. INH000011468, BSE Enlistment No. 5737
Q2FY25: Gross Direct Premium Income
67.21B
GDPI
YoY increase of 10.4%
2
Industry Growth
GDPI growth
Excluding crop and mass health, GDPI grew by 9.4%, exceeding the industry's growth of 6.9%.
H1FY25: Gross Direct Premium Income
Overall GDPI Growth
For H1FY25, GDPI reached Rs 144.09 billion. This represents 15.5% growth, exceeding industry growth of 7%.
Excluding Crop and Mass Health
Growth excluding crop and mass health segments was even higher at 15%.
Combined Ratio Analysis
Q2FY25
The combined ratio was 104.5%, including Rs 0.94 billion in catastrophe losses. Excluding these losses, the ratio improved to 102.6%.
H1FY25
The H1 combined ratio was 103.2%, with Rs 0.94 billion in catastrophe losses. Excluding these, the ratio was 102.2%.
Profitability and Returns (H1FY25)
1
Profit Before Tax
PBT grew by 31.9% to Rs 16.93 billion.
2
Profit After Tax
PAT increased significantly by 31.7% to Rs 12.74 billion.
3
Return on Equity
ROAE reached 20.3%, reflecting strong financial performance.
Profitability and Returns (Q2FY25)
1
Profit Before Tax
PBT showed a 20.3% increase, reaching Rs 9.19 billion.
2
Profit After Tax
PAT grew by 20.2% to Rs 6.94 billion.
3
Return on Equity
ROAE was at 21.8%.
Solvency and Dividend
2.65x
Solvency Ratio
The solvency ratio at Q2FY25 exceeded the regulatory requirement.
5.50
Interim Dividend
The board declared an interim dividend of Rs per share.