ICICI Lombard General Insurance Company Limited — Important, 15-04-2025: Updates

ICICI Lombard General Insurance Company Limited has reported its audited financial results for the quarter and year ending March 31, 2025. The company achieved gross premiums written of ₹6,903.94 crore, up from ₹6,264.12 crore in the previous year. Net premium written increased to ₹5,481.03 crore against ₹4,767.16 crore last year. The total income reached ₹5,851.17 crore compared to ₹5,165.35 crore previously. The operating profit stood at ₹415.92 crore, showcasing a solid performance.

The Board has proposed a final dividend of ₹7.00 per equity share, subject to approval at the upcoming Annual General Meeting. Additionally, the appointment of M/s. Parikh & Associates as Secretarial Auditors for five years was approved.

The Board granted stock options of up to 1.8 million under the Employees Stock Options Scheme and 1.0 million stock units under the Employees Stock Unit Scheme, aiming to incentivize performance among key personnel. Overall, the robust financial indicators along with strategic initiatives reflect a positive outlook, and investors are encouraged to monitor upcoming developments closely.