ICICI Lombard General Insurance Company Limited — PPTs, 17-01-2025: Investor Presentation

**Performance Review Summary**

ICICI Lombard General Insurance has shown resilient growth in its recent financial performance. For the nine months ended December 31, 2024, the Gross Direct Premium Income (GDPI) reached ₹206.23 billion, marking a 10.3% increase from ₹187.03 billion the previous year, outperforming the industry growth of 7.8%. The combined ratio improved to 102.9%, down from 103.7% in the comparable period, indicating better underwriting performance.

Profit Before Tax (PBT) surged by 42.8% to ₹26.53 billion, from ₹18.57 billion, with notable growth in the third quarter where PBT escalated by 67.3% to ₹9.60 billion. Profit After Tax (PAT) also witnessed a healthy growth of 42.9%, totaling ₹19.99 billion compared to ₹13.99 billion in the prior year. The return on average equity (ROAE) improved to 20.8%, reflecting stronger profitability.

Despite regulatory accounting changes affecting long-term product recognition, ICICI Lombard maintains a strong solvency ratio of 2.36x, well above the regulatory threshold, positioning the company for continued stability and growth in a competitive market. Investors should monitor ICICI Lombard's ongoing growth trajectory and strategic initiatives aimed at enhancing its market leadership.