ICICI Lombard General Insurance Co.'s board has approved a final dividend of Rs 7 per share with a face value of Rs 10 apiece for the financial year ending March 2025, according to an exchange filing on Tuesday.
The dividend on equity shares will be paid to the eligible members after the same is approved by the members at the ensuing annual general meeting of the company, the insurer said.
The record date, and the likely dividend timeline, were not shared in the regulatory filing.
Meanwhile, the ICICI Bank subsidiary also posted its results for the quarter ended March 31. The company's net profit fell by nearly 2% on a year-on-year basis.
The insurer posted a net profit of Rs 510 crore in the quarter ended March 31, 2025, down 1.9% as compared to Rs 520 crore in the year-ago period.
The net premium earned during the quarter under review climbed 19.6% to Rs 5,226 crore, compared to Rs 4,368 crore in the corresponding quarter of the previous fiscal.
The gross premium has risen by 10.2% to Rs 6,903.9 crore, as compared to Rs 6,263.1 crore in the year-ago period.
The underwriting loss stood at Rs 209.7 crore, narrower as compared to Rs 235.6 crore in the corresponding quarter of the past fiscal.
Shares of ICICI Lombard closed 6.05% higher at Rs 1,822.60 apiece on the National Stock Exchange, compared to a 2.19% rise in the benchmark Nifty 50. The stock has risen 11.8% in the past 12 months and 1.95% year-to-date.
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