Its solvency ratio was at 2.69x as on March 31, 2025 as against 2.62x as on March 31, 2024 and higher than the minimum regulatory requirement of 1.50x.
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ICICI Lombard General Insurance on Tuesday reported a 1.9 per cent year-on-year fall in its net profit to ₹509.59 crore for the fourth quarter in FY25 as against ₹519.50 crore in the year-ago period, due to muted growth in the general insurer’s gross premium during the period.
The company’s gross direct premium income during Q4FY25 grew 2.3 per cent year-on-year at ₹6,211 crore as against ₹6,073 crore in the corresponding period of Q4FY24. During the period under review, the net premium written posted a growth of 14.97 per cent y-o-y at ₹5,481.03 crore, according to the company’s stock exchange filing.
Its solvency ratio was at 2.69x as on March 31, 2025 as against 2.62x as on March 31, 2024 and higher than the minimum regulatory requirement of 1.50x. Expenses of Management (EoM) during the fourth quarter in FY25 stood at 32.8 per cent compared to 32.9 per cent in the same period in the previous fiscal.
Motor insurance
Combined ratio was at 102.5 per cent in Q4FY25 compared to 102.3 per cent in Q4FY24.
For FY25 the gross direct premium income was at ₹26,833 crore compared to ₹24,776 crore for FY24, posting a growth of 8.3 per cent year-on-year. Combined ratio was at 102.8 per cent last fiscal as against 103.3 per cent the previous fiscal.
ICICI Lombard said its motor insurance market share stood at 10.8 per cent for FY2025, which was up from 10.5 per cent for FY2024.
The Board of directors of the company proposed a final dividend of ₹7 per share for last fiscal. “The payment is subject to the approval of shareholders in the ensuing Annual General Meeting of the company. The overall dividend for FY25 including proposed final dividend is ₹12.50 per share,” the company added.
Published on April 15, 2025
