ICICI Lombard General Insurance Co.'s net profit fell by nearly 2% on a year-on-year basis in the January–March quarter.
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.
The combined ratio, which serves as a key metric to measure insurers' insurer's profitability and financial health, stood at 102.5%, higher by 20 basis points as compared to 102.3% in the year-ago period.
The ICICI Bank subsidiary also declared an final dividend of Rs 7 per share for the eligible shareholders, for the year-ended March 31, 2025. The dividend payout is subject to the approval of shareholders at the company's upcoming annual general meeting.
ICICI Lombard Q4 Highlights (Consolidated, YoY)
Net profit down 1.9% at Rs 510 crore
Net premium earned rose 19.6% to Rs 5,226 crore
Before the quarterly results were declared, 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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