General information about company |
|
| Scrip code | 540716 |
| NSE Symbol | ICICIGI |
| MSEI Symbol | NA |
| ISIN | INE765G01017 |
| Name of company | ICICI Lombard General Insurance Company Limited |
| Class Of Security | Equity |
|---|---|
| Type Of Insurance | Non-Linked Policy |
| Date of start of financial year | 01-Apr-2024 |
| Date of end of financial year | 31-Mar-2025 |
| Date of board meeting when results were approved | 17-Jan-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 24-Dec-2024 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited | Audited |
| Start date and time of board meeting | 17-Jan-2025 14:35 |
| End date and time of board meeting | 17-Jan-2025 16:20 |
| Whether cash flow statement is applicable on company | No |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| OPERATING RESULTS | |||
| 1 | Operating income | ||
| (i) | Gross Premiums Written | 647445.00 | 2135380.00 |
| (ii) | Net Premium written | 508405.00 | 1528003.00 |
| (iii) | Premium Earned (Net) | 504517.00 | 1457462.00 |
| (iv) | Income from investments (net) | 83982.00 | 253064.00 |
| (v) | Other income | ||
| i | Foreign exchange gain / (loss) | -558.00 | -3474.00 |
| ii | Towards remuneration of MD/CEO/WTD/Other KMPs | 22.00 | 290.00 |
| iii | Contribution from Shareholders Funds towards excess EOM | 0.00 | 0.00 |
| iv | Miscellaneous Income | 320.00 | 1201.00 |
| Total other income | -216.00 | -1983.00 | |
| (vi) | Total income | 588283.00 | 1708543.00 |
| 2 | Operating expenses | ||
| (i) | Commissions & Brokerage (net) | 116241.00 | 281161.00 |
| (ii) | Net commission | 116241.00 | 281161.00 |
| (iii) | Operating Expenses related to insurance business | ||
| (a) | Employees remuneration and welfare expenses | 39156.00 | 112237.00 |
| (b) | Other operating expenses | ||
| i | Business Development and Sales Promotion Expenses | 2565.00 | 19958.00 |
| ii | Other expenses | 29563.00 | 85723.00 |
| Total other operating expenses | 32128.00 | 105681.00 | |
| (c) | Total operating expenses related to insurance business | 71284.00 | 217918.00 |
| (iv) | Premium Deficiency | 0.00 | 0.00 |
| (v) | Incurred Claims | ||
| (a) | Claims Paid | 320356.00 | 897656.00 |
| (b) | Change in Outstanding Claims (incl. IBNR/IBNER) | 11866.00 | 126708.00 |
| Total Incurred claims | 332222.00 | 1024364.00 | |
| (vi) | Total Expense | 519747.00 | 1523443.00 |
| (vii) | Underwriting Profit(Loss) | -15230.00 | -65981.00 |
| (viii) | Provisions for doubtful debts (including bad debts written off) | 0.00 | 0.00 |
| (ix) | Provisions for diminution in value of investments | 0.00 | 0.00 |
| (x) | Operating Profit/loss: | 68536.00 | 185100.00 |
| (xi) | Appropriations | ||
| (a) | Transfer to Profit and Loss A/c | 68536.00 | 185100.00 |
| (b) | Transfer to reserves | 0.00 | 0.00 |
| NON-OPERATING RESULTS | |||
| 1 | Income in shareholders' account | ||
| (a) | Transfer from Policyholders' Fund | 68536.00 | 185100.00 |
| (b) | Income from investments | 27612.00 | 80450.00 |
| (c) | Other income | ||
| i | Other income | 3.00 | 12.00 |
| Total other income | 3.00 | 12.00 | |
| Total income | 96151.00 | 265562.00 | |
| 2 | Expenses | ||
| (i) | Expenses other than those related to insurance business | 833.00 | 4517.00 |
| (ii) | Provisions for doubtful debts (including bad debts written off) | -174.00 | -465.00 |
| (iii) | Provisions for diminution in value of investments | -519.00 | -3801.00 |
| Total Expense | 140.00 | 251.00 | |
| 3 | Profit / Loss before extraordinary items |
96011.00 | 265311.00 |
| 4 | Extraordinary Items |
0.00 | 0.00 |
| 5 | Profit/ (loss) before tax |
96011.00 | 265311.00 |
| 6 | Provision for tax |
23573.00 | 65441.00 |
| 7 | Profit / (loss) after tax |
72438.00 | 199870.00 |
| 8 | Divident per share | ||
| (a) | Interim Dividend | 5.50 | 5.50 |
| (b) | Final dividend | 0.00 | 6.00 |
| 9 | Opening Balance and Approproations from PAT (Net) | 552509.00 | 425077.00 |
| 10 | Profit (loss) carried to balance sheet | 624947.00 | 624947.00 |
| 11 | Paid up equity capital | 49523.00 | 49523.00 |
| 12 | Reserve and Surplus (Excluding Revualuation Reserve) | 1322891.00 | 1322891.00 |
| 13 | Fair value change account and revaluation reserve | 75391.00 | 75391.00 |
| 14 | Assets | ||
| (a) | Investments | ||
| (i) | Shareholders' Fund | 1317827.00 | 1317827.00 |
| (ii) | Policyholders' Fund | 3841893.00 | 3841893.00 |
| Total investments | 5159720.00 | 5159720.00 | |
| (b) | Other Assets (Net of current liabilites and provisions) | -3711877.00 | -3711877.00 |
| Total assets | 1447843.00 | 1447843.00 | |
| Analytical Ratios | |||
| (i) | Solvency ratio | 0.02 | 0.02 |
| (ii) | Expenses of management ratio | 0 | 0 |
| (iii) | Incurred Claim Ratio | 0.01 | 0.01 |
| (iv) | Net retention ratio | 0.01 | 0.01 |
| (v) | Combined ratio | 0.01 | 0.01 |
| (vi) | Earning per share | ||
| (a) | Basic and diluated EPS before extraordinary items (net of tax expense) for the period (not to be annualized) | 14.63 | 40.46 |
| (b) | Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) | 14.63 | 40.46 |
| (vii) | NPA ratios | ||
| (a) | Gross NPAs | 0.00 | 0.00 |
| (c) | Net NPAs | 0.00 | 0.00 |
| (b) | Percentage of Gross NPAs | 0 | 0 |
| (d) | Percentage of net NPAs | 0 | 0 |
| (viii) | Yield on Investments | ||
| (a) | Without unrealized gains | 0.02 | 0.07 |
| (b) | With unrealised gains | 0.00 | 0.07 |
| (ix) | Public shareholding (in case of public sector insurance companies) | ||
| (a) | Number of shares | 239683784 | 239683784 |
| (b) | Percentage of shareholding | 0 | 0 |
| (c) | Percentage of government holding | 0 | 0 |
| Investor Compliants | |||
| (i) | No of investor complaints pending at the beginning of the period | 0 | 0 |
| (ii) | No of investor complaints during the period | 1 | 1 |
| (iii) | No of investor complaints disposed off during the period | 1 | 1 |
| (iv) | No of investor complaints remaining unresolved at the end of the period | 0 | 0 |
| (c) | Notes Format for financial results by general insurance companies filed with stock exchanges |
| In the General Information Sheet: 1. We have mentioned NSE Symbol as ICICI instead of ICICIGI as by mentioning ICICIGI the sheet was not validating. 2. ICICI Lombard is General Insurance Company and hence type of insurance viz. “Linked and Non-Linked Policy” would not be applicable. However, in order to validate the sheet we have selected type of insurance as “Non-Linked Policy” 1(ii). Net of reinsurance (Including Excess of Loss Reinsurance). 1(iv). Including capital gains, net of amortisation and losses. 2(i) & (ii). Commission is net of commission received on reinsurance cession. 8(a). Dividend is recognised in the period it is approved as prescribed by MCA. Analytical ratios have been calculated as per definition given in IRDAI analytical ratios disclosures. Analytical ratios (i):- The Solvency has been computed at the last day of the period. Analytical ratios (ii):- The Expenses of Management has been computed on the basis of Gross Direct Premium Analytical ratios (v):- The Ratio has been computed at the last day of the period. Analytical ratios (vi) & (viii):- Not annualised Analytical ratios (viii):- Excludes unrealised gains or losses on real estate and unlisted equity Analytical ratios (viii):- Yield on investments with unrealised gains is computed using the modified Dietz method Analytical ratios (viii)(a):- The computation is based on time weighted average book value. Analytical ratios (vi)(a)&(b):- Earnings Per Share Basic: Rs. 14.63 Diluted: Rs. 14.48 (Current Quarter) Basic: Rs. 40.46 Diluted: Rs. 39.99 (Year To Date) In accordance with the Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024, previous period figures have been regrouped / reclassified wherever necessary and the effect of that is given in Underwriting Profit/ (Loss), Expense of Management Ratio and Combined Ratio, while the Operating Profit and Profit after tax will remain same: i. Investment income from pool (Terrorism / Nuclear) regrouped from ‘Other income’ to 'Income from investments (net)' for below period 01-04-2023 to 31-12-2023 Amount INR 6030 Lakhs ii. Employees’ remuneration and welfare expenses# regrouped from Operating expenses related to insurance business to Towards remuneration of MD/CEO/WTD/Other KMPs under the head ‘Other income’ for below period 01-04-2023 to 31-12-2023 Amount INR 450 Lakhs # Excess of Managerial remuneration over and above limit as prescribed by IRDAI regulation was earlier netted from 'Employees’ remuneration and welfare expenses' is now shown under the head 'Other Income'. |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Segment Income | |||
| 1 | Fire | ||
| (i) | Net premium | 17563.00 | 48819.00 |
| (ii) | Income form investments | 5048.00 | 15631.00 |
| (iii) | Other income | 313.00 | -346.00 |
| 2 | Marine | ||
| (i) | Net premium | 16842.00 | 45754.00 |
| (ii) | Income form investments | 1210.00 | 3727.00 |
| (iii) | Other income | 592.00 | 184.00 |
| 3 | Health including personal accident | ||
| (i) | Net premium | 0.00 | 0.00 |
| (ii) | Income form investments | 0.00 | 0.00 |
| (iii) | Other income | 0.00 | 0.00 |
| 4 | Health retail | ||
| (i) | Net premium | 35678.00 | 100501.00 |
| (ii) | Income form investments | 3088.00 | 9477.00 |
| (iii) | Other income | 11.00 | 96.00 |
| 5 | Health group | ||
| (i) | Net premium | 141472.00 | 406461.00 |
| (ii) | Income form investments | 8869.00 | 28920.00 |
| (iii) | Other income | -845.00 | -2707.00 |
| 6 | Health government schemes | ||
| (i) | Net premium | 111.00 | 261.00 |
| (ii) | Income form investments | 42.00 | 124.00 |
| (iii) | Other income | 0.00 | 0.00 |
| 7 | Motor | ||
| (i) | Net premium | 255978.00 | 739803.00 |
| (ii) | Income form investments | 59408.00 | 176598.00 |
| (iii) | Other income | 236.00 | 693.00 |
| 8 | Retail | ||
| (i) | Net premium | 2161.00 | 6252.00 |
| (ii) | Income form investments | 744.00 | 2272.00 |
| (iii) | Other income | 1.00 | 6.00 |
| 9 | Group and corporate | ||
| (i) | Net premium | 26638.00 | 70386.00 |
| (ii) | Income form investments | 4917.00 | 14673.00 |
| (iii) | Other income | -524.00 | 50.00 |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| (1) | Other segment 1 | ||
| Name of other segment | Crop | ||
| (i) | Net premium | 8074.00 | 39225.00 |
| (ii) | Income form investments | 656.00 | 1642.00 |
| (iii) | Other income | 0.00 | 41.00 |
| 11 | Unallocated | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Segment Premium Deficiency | |||
| 1 | Fire | 0.00 | 0.00 |
| 2 | Marine | 0.00 | 0.00 |
| 3 | Health including personal accident | 0.00 | 0.00 |
| 4 | Health Retail | 0.00 | 0.00 |
| 5 | Health Group | 0.00 | 0.00 |
| 6 | Health Government Schemes | 0.00 | 0.00 |
| 7 | Motor | 0.00 | 0.00 |
| 8 | Retail | 0.00 | 0.00 |
| 9 | Group And Corporate | 0.00 | 0.00 |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Crop | 0.00 | 0.00 |
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Segment Underwriting Profit/Loss | |||
| 1 | Fire | 19659.00 | 38950.00 |
| 2 | Marine | -2943.00 | -8539.00 |
| 3 | Health including personal accident | 0.00 | 0.00 |
| 4 | Health Retail | -3676.00 | -15325.00 |
| 5 | Health Group | -15959.00 | -41759.00 |
| 6 | Health Government Schemes | -33.00 | -88.00 |
| 7 | Motor | -17208.00 | -47333.00 |
| 8 | Retail | 203.00 | 2011.00 |
| 9 | Group And Corporate | 3152.00 | 6461.00 |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Crop | 1575.00 | -359.00 |
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Segment Operating Profit/Loss | |||
| 1 | Fire | 25020.00 | 54235.00 |
| 2 | Marine | -1141.00 | -4628.00 |
| 3 | Health including personal accident | 0.00 | 0.00 |
| 4 | Health Retail | -576.00 | -5751.00 |
| 5 | Health Group | -7934.00 | -15546.00 |
| 6 | Health Government Schemes | 10.00 | 37.00 |
| 7 | Motor | 42436.00 | 129958.00 |
| 8 | Retail | 946.00 | 4289.00 |
| 9 | Group And Corporate | 7543.00 | 21183.00 |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Crop | 2232.00 | 1323.00 |
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | ||
| Date of start of reporting period | 01-Oct-2024 | ||
| Date of end of reporting period | 31-Dec-2024 | ||
| Whether accounts are audited or unaudited | Audited | ||
| Segment Technical Liabilities (Unexpired Risk Reserve-Net) | |||
| 1 | Fire | 44239.00 | |
| 2 | Marine | 18209.00 | |
| 3 | Health including personal accident | 0.00 | |
| 4 | Health Retail | 98167.00 | |
| 5 | Health Group | 275821.00 | |
| 6 | Health Government Schemes | 197.00 | |
| 7 | Motor | 523431.00 | |
| 8 | Retail | 26446.00 | |
| 9 | Group And Corporate | 83157.00 | |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Crop | 2755.00 | |
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | ||
| Date of start of reporting period | 01-Oct-2024 | ||
| Date of end of reporting period | 31-Dec-2024 | ||
| Whether accounts are audited or unaudited | Audited | ||
| Segment Technical Liabilities (Unexpired Claims Reserves Including IBNR & IIBNER) | |||
| 1 | Fire | 373660.00 | |
| 2 | Marine | 111277.00 | |
| 3 | Health including personal accident | 0.00 | |
| 4 | Health Retail | 40573.00 | |
| 5 | Health Group | 166540.00 | |
| 6 | Health Government Schemes | 8212.00 | |
| 7 | Motor | 1987056.00 | |
| 8 | Retail | 8992.00 | |
| 9 | Group And Corporate | 325081.00 | |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Crop | 215526.00 | |
| 11 | Unallocated | ||