Shares of ICICI Lombard General Insurance Co. Ltd. declined more than 6% last week as investors await the company’s Q4 results for FY25. The insurance provider is scheduled to announce its earnings on April 15, 2025.
In a recent stock exchange filing, ICICI Lombard stated that its Board of Directors will meet on April 15 to review and approve the audited financial results and statements for the quarter and financial year ending March 31, 2025.
Q3 FY25 Performance Overview
For the quarter ended December 31, 2024, ICICI Lombard reported a 67.9% year-on-year increase in net profit, which rose to ₹724.4 crore from ₹431.5 crore in the corresponding period of the previous year.
However, the company’s gross written premium declined marginally by 0.3%, falling to ₹6,214 crore in Q3 FY25 from ₹6,230 crore in Q3 FY24.
The return on average equity (ROAE) improved to 21.5% during the December quarter, up from 15.3% in the same period last year. Additionally, the combined ratio—a key metric indicating the insurer’s operational efficiency—decreased to 102.7%, compared to 103.6% a year earlier. A lower combined ratio suggests better profitability from underwriting operations.
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