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ICICI Lombard Q4 Results Review: Beat On Combined Ratio; PAT Miss Due To Investment Income — Motilal Oswal
Motilal Oswal maintains 'Buy' on ICICI Lombard after Q4 Results, hikes target price.
16 Apr 2025, 09:21 AM IST 
ICICI Lombard continues to focus on profitable growth across segments, with motor expected to grow in double digits driven by targeted efforts in older vehicles and commercial vehicles, along with improved portfolio segmentation, adds Motilal Oswal.(Photo Source: freepik)
ICICI Lombard General Insurance’s gross written premium was 10% up YoY in Q4 FY25 to Rs 69 billion (in line), impacted by 1/n regulation implementation for long-term products. Net earning premium grew 20% YoY to Rs 52.3 billion (15% beat). For FY25, it grew 17% YoY to Rs 198 billion.
