Explore Business Standard
ICICI Lombard General Insurance on Tuesday reported 29 per cent growth in profit after tax at Rs 747 crore for the first quarter of the current fiscal. The private sector insurer had a profit after tax (PAT) of Rs 580 crore in the April-June period of 2024-25 fiscal year. Total income rose to Rs 6,083 crore during the June quarter FY26, from Rs 5,352 crore a year ago. Gross written premium was higher at Rs 8,053 crore as against Rs 7,931 crore in the year-ago period. Shares of ICICI Lombard closed at Rs 2,001.05, down 0.97 per cent over previous close on BSE.
ICICI Lombard on Tuesday reported a 2 per cent decline in net profit to Rs 510 crore for the fourth quarter ended March 31. The company had reported a post-tax net profit of Rs 520 crore in the year-ago period. However, the total income of the company rose to Rs 5,851 crore in the quarter under review compared to Rs 5,165 crore in the year-ago period. The gross direct premium income of the company improved to Rs 6,211 crore against Rs 6,073 crore in the same quarter a year ago, registering a growth of 2.3 per cent. The board have recommended a final dividend of Rs 7 per equity share or 70 per cent of face value of Rs 10 each for the financial year ended March 31, 2025, ICICI Lombard said in a regulatory filing. The solvency ratio was 2.69 times at March-end 2025 against 2.62 times on March 31, 2024, higher than the minimum regulatory requirement of 1.5 times.
ICICI Lombard General Insurance on Friday reported a 20 per cent increase in net profit to Rs 694 crore for the second quarter ended September 2024. The insurer had earned a net profit of Rs 577 crore in the year-ago period. Its total income in the quarter rose to Rs 5,850 crore from Rs 5,049 crore in the year-ago period, ICICI Lombard said in a regulatory filing. The company's written gross premium also rose to Rs 6,948 crore in the second quarter of this fiscal compared to Rs 6,272 crore a year ago. Its net premium earned rose to Rs 4,835 crore against Rs 4,240 crore in the same quarter a year ago, it said. The total expenditure of the company during the period under review increased to Rs 5,186 crore from Rs 4,452 crore in the corresponding period a year ago. The board also declared an interim dividend of Rs 5.5 per equity share or 55 per cent of the value of Rs 10 each for the first half of the current fiscal. ICICI Lombard's solvency ratio was 265 per cent at the end of Sep