ICICI Lombard General Insurance Co Ltd — Financial Summary & Outlook

Full-Year Performance (FY25) Gross Direct Premium Income rose around 8.3 percent to about ₹26,833 crore compared to ₹24,776 crore in FY24. Excluding accounting adjustments, growth was closer to 11 percent. Profit after tax increased about 30.7 percent to ₹2,508 crore versus ₹1,919 crore in FY24. Profit before tax also grew nearly 30 percent to ₹3,321 crore. The combined ratio improved slightly to 102.8 percent from 103.3 percent. Excluding catastrophe losses, it stood around 102.4–102.5 percent. Return on average equity increased to 19.1 percent compared to 17.2 percent in FY24. Latest Quarter (Q4 FY25) In Q4 FY25, gross premium income stood at about ₹6,211 crore, a rise of 2.3 percent year-on-year. Net profit came in at ₹509.6 crore, marginally down by 1.9 percent compared to ₹519.5 crore in Q4 FY24. Profit before tax also declined. The combined ratio for the quarter was 102.5 percent, slightly higher than the year-ago period. Other Key Metrics The solvency ratio remained strong at 2.69 times as of March 31, 2025, well above regulatory requirements. The company announced a final dividend of ₹7 per share, taking the overall dividend for FY25 to ₹12.50 per share. Outlook and Risks Premium growth is expected to remain healthy, particularly in health, motor, and retail general insurance segments. Profitability depends on claim ratios and expense management, and unexpected claim surges could pressure margins. Regulatory and accounting changes may also affect revenue recognition and performance comparisons. With robust return ratios and a strong solvency position, the company is well placed for growth, though maintaining combined ratio near or below 100 percent will be important for sustaining profitability.