ICICI Lombard General Insurance Company on Tuesday reported a 39.4 percent year-on-year rise in net profit to Rs 724 crore for Q4 FY25 compared to Rs 520 crore in the same period last year.
The company's profit after tax (PAT) rose 30.7 per cent to Rs 2,508 crore for the full financial year FY25, up from Rs 1,919 crore in FY24, driven by healthy premium growth and robust investment income, according to the company’s earnings report.
Additionally, the insurer’s gross written premium (GWP) increased 10.4 percent to Rs 28,257.7 crore in FY25, compared to Rs 25,594.2 crore in FY24 while net earned premium grew 17.4 percent to Rs 19,800.2 crore during the same period.
The company's operating profit stood at Rs 2,266.9 crore in FY25, versus Rs 1,905.9 crore in FY24. Its combined ratio stood at 102.8 percent against 103.3 percent last year, and solvency ratio was at 1.62x, above regulatory requirement.
Commenting on the results, Sanjeev Mantri, Managing Director & CEO, said, “We delivered strong growth across key financial metrics despite an evolving regulatory landscape.”
"Our focus on underwriting quality, digital innovation, and customer experience continues to drive performance,” he added.
Shares of ICICI Lombard closed at Rs 1,822.60 on NSE on April 14, 2025.
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