ICICI Lombard Q3 Net Profit Surges 68% to Rs 724 Cr
ICICI Lombard's net profit jumped 68% to Rs 724 crore in Q3 FY25, driven by strong performance. Gross premium income declined slightly, while solvency ratio remained healthy.
New Delhi, Jan 17 (PTI) General insurer ICICI Lombard on Friday reported a 68 per cent rise in its net profit at Rs 724 crore in the three months ended December 2024.
The company had earned a net profit of Rs 431 crore in the same period a year ago.
Its gross direct premium income for the quarter declined to Rs 6,214 crore against Rs 6,230 crore in the year-ago period, ICICI Lombard said in a regulatory filing.
The solvency ratio was 2.36x as at December 31, 2024, compared to 2.65x as at September 30, 2024, and higher than the minimum regulatory requirement of 1.50x.
The company had earned a net profit of Rs 431 crore in the same period a year ago.
Its gross direct premium income for the quarter declined to Rs 6,214 crore against Rs 6,230 crore in the year-ago period, ICICI Lombard said in a regulatory filing.
The solvency ratio was 2.36x as at December 31, 2024, compared to 2.65x as at September 30, 2024, and higher than the minimum regulatory requirement of 1.50x.
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