ICICI Lombard Share Price in Focus; Achieves 67.9% PAT Growth in Q3 FY2025 Results

ICICI Lombard General Insurance Company Limited has reported its financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 20, 2025, ICICI Lombard General Insurance share price (NSE: ICICIGI) opened at ₹1,980.00, up from its previous close of ₹1,948.75. At 10:11 AM, the share price of ICICI Lombard General Insurance was trading at ₹1,923.00, down by 1.32% on the NSE.

Performance for 9M FY2025

The company achieved a Gross Direct Premium Income (GDPI) of ₹206.23 billion in 9M FY2025, registering a growth of 10.3% compared to ₹187.03 billion in 9M FY2024. This growth exceeded the industry’s GDPI growth rate of 7.8%. Excluding the impact of 1/n, the company’s GDPI grew by 11.9% during the nine-month period.

Profit before tax (PBT) witnessed a significant increase of 42.8%, reaching ₹26.53 billion in 9M FY2025 compared to ₹18.57 billion in 9M FY2024. Profit after tax (PAT) also surged by 42.9% to ₹19.99 billion from ₹13.99 billion in the corresponding period of the previous year.

Return on Average Equity (ROAE) for 9M FY2025 stood at 20.8%, marking an improvement from 17.1% in 9M FY2024.

Performance for Q3 FY2025

In Q3 FY2025, the company recorded a GDPI of ₹62.14 billion, reflecting a marginal de-growth of 0.3% compared to ₹62.30 billion in Q3 FY2024. This was in contrast to the industry GDPI growth rate of 9.5%. However, excluding the impact of 1/n, the company’s GDPI grew by 4.8% in the quarter.

PBT for the quarter grew by an impressive 67.3%, reaching ₹9.60 billion, up from ₹5.74 billion in Q3 FY2024. PAT also rose sharply by 67.9%, amounting to ₹7.24 billion in Q3 FY2025 compared to ₹4.31 billion in the prior year.

ROAE for the quarter increased to 21.5%, significantly higher than 15.3% in Q3 FY2024.

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