ICICI Lombard Q4FY22 Results Update

On 22nd April 2022, ICICI Lombard announced its quarterly results for the last quarter of FY2022.

Key Highlights:

FY22 Performance updates:
•    The Gross Direct Premium Income (GDPI) of the Company stood at ₹ 179.77 billion in FY2022 as against ₹ 140.03 billion in FY2021
•    Excluding the crop segment, the GDPI of the Company was at ₹ 173.11 billion in FY2022 as against ₹ 139.71 billion in FY2021
•    The combined ratio stood at 108.8% in FY2022 as against 99.8% in FY2021
•    Profit before tax (PBT) was at ₹ 16.84 billion in FY2022 as against ₹ 19.54 billion in FY2021
•    Capital gains were at ₹ 7.38 billion in FY2022 as against ₹ 3.59 billion in FY2021
•    Profit after tax (PAT) was at ₹ 12.71 billion in FY2022 as against ₹ 14.73 billion in FY2021
•    Return on Average Equity (ROAE) was 14.7% in FY2022 as against 21.7% in FY2021.

Q4FY22 Performance Updates:
•    The GDPI of the ICICI Lombard stood at ₹ 46.66 billion in Q4 FY2022 as against ₹ 34.78 billion in Q4 FY2021. Excluding the crop segment, the GDPI of the Company was at ₹ 46.55 billion in Q4 FY2022 as against ₹ 34.78 billion in Q4 FY2021. 
•    The combined ratio stood at 103.2% in Q4 FY2022 as against 101.8% in Q4 FY2021.
•    PBT was at ₹ 4.10 billion in Q4 FY2022 as against ₹ 4.50 billion in Q4 FY2021.
•    Capital gains were at ₹ 1.36 billion in Q4 FY2022 as against ₹ 0.66 billion in Q4 FY2021.
•    PAT was at ₹ 3.13 billion in Q4 FY2022 as against ₹ 3.46 billion in Q4 FY2021.
•    ROAE was 14.0% in Q4 FY2022 as against 18.8% in Q4 FY2021. 

The Board of Directors of the Company has proposed a final dividend of ₹ 5.00 per share for FY2022. The overall dividend for FY2022 including the proposed final dividend is ₹ 9.00 per share.

The solvency ratio was 2.46 times on March 31, 2022, as against 2.45 times on December 31, 2021, and higher than the minimum regulatory requirement of 1.50 times. The solvency ratio was 2.90 times on March 31, 2021.

Shares of ICICI Lombard General Insurance Company Ltd. on Friday traded at 5.56% up at ₹1322.45