Hot Pursuit     20-Jul-24
ICICI Lombard Q1 PAT climbs 49% YoY to Rs 580 cr
The general insurer’s net profit surged 48.68% to Rs 580.37 crore in Q1 FY25 as against Rs 390.36 crore recorded in Q1 FY24.

Total income jumped 17.88% year on year to Rs 5,351.95 crore in the quarter ended 30 June 2024.

Profit before tax stood at Rs 773.99 crore in the June quarter, up 48.84% from Rs 520.01 crore posted in Q1 FY24.

Gross direct premium income (GDPI) of the company was at Rs 7,688 crore in Q1 FY25, registering a growth of 20.37% YoY, which was higher than the industry growth of 13.3%.

Excluding crop and mass health, GDPI growth of the company was at 19.7%, which was higher than the industry growth of 14.8% in Q1 FY25.

Combined ratio stood at 102.3% in Q1 FY25 as against 103.8% reported in the same period a year ago.

Capital gains were at Rs 284 crore in Q1 FY25, steeply higher than Rs 123 crore posted in Q1 FY24.

Return on average equity (ROAE) was 19.1% in Q1 FY25 as compared to 14.7% reported in Q1 FY24.

Solvency ratio was 2.56x as at 30 June 2024 as against 2.62x as at 31 March 2024, which was higher than the minimum regulatory requirement of 1.50x.

ICICI Lombard is India's largest private sector general insurance company based on gross direct premium. The company offers a comprehensive range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. Its parent - ICICI Bank, which is one of the largest private sector banks in the country, holds 51.81% stake in the company as of 30 June 2024.

The scrip slipped 1.50% to end at Rs 1,882.15 on Friday, 19 July 2024.

Previous News
  ICICI Lombard General Insurance Company standalone net profit rises 20.21% in the September 2024 quarter
 ( Results - Announcements 19-Oct-24   07:38 )
  ICICI Lombard General Insurance Company fixes record date for interim dividend
 ( Market Beat - Reports 24-Sep-24   18:07 )
  ICICI Lombard General Insurance Company
 ( Analyst Meet / AGM - Conference Call 19-Oct-24   11:47 )
  ICICI Lombard General Insurance Company Ltd soars 1.21%, rises for fifth straight session
 ( Hot Pursuit - 05-Sep-24   13:00 )
  ICICI Lombard General Insurance Company fixes record date for interim dividend
 ( Market Beat - Reports 18-Oct-24   17:37 )
  ICICI Lombard General Insurance Company allots 29,841 equity shares under ESOS
 ( Corporate News - 22-Apr-25   19:20 )
  ICICI Lombard General Insurance Co. announces board meeting date
 ( Corporate News - 25-Sep-24   10:10 )
  ICICI Lombard General Insurance Company standalone net profit rises 48.68% in the June 2024 quarter
 ( Results - Announcements 19-Jul-24   17:31 )
  ICICI Lombard General Insurance Company receives affirmation in credit ratings
 ( Corporate News - 06-Sep-23   16:57 )
  ICICI Lombard General Insurance Company
 ( Results - Analysis 19-Oct-23   07:40 )
  ICICI Lombard rallies as Q4 PAT rises 19% YoY to Rs 520 cr
 ( Hot Pursuit - 18-Apr-24   13:22 )
Other Stories
  Interarch Building bags Rs 80-cr order from Ather Energy
  21-Jun-25   14:10
  EMS emerges as L1 bidder for two major UP Jal Nigam projects worth Rs 203 cr
  21-Jun-25   13:24
  Atishay bags Rs 59 lakh contract from Alwar Central Cooperative Bank
  21-Jun-25   12:50
  Lemon Tree Hotels signs new property in Uttar Pradesh
  21-Jun-25   12:30
  Waaree Renewable Tech’s solar EPC order value rises by Rs 247-cr to Rs 1,480-cr
  21-Jun-25   11:37
  ITCONS E-Solutions secures Rs 2-cr order from Power Grid Corporation
  21-Jun-25   11:16
  Lloyds Metals commissions 4 MTPA pellet plant and 85 KM slurry pipeline in Maharashtra
  21-Jun-25   10:25
  Biocon raises Rs 4,500 crore via QIP
  21-Jun-25   09:13
  Transformers and Rectifiers ends higher after bagging export order worth $16.65 million
  20-Jun-25   16:05
  Brahmaputra Infra edges higher after higher rental rates at Guwahati-based mall take effect
  20-Jun-25   15:05
Back Top