ICICI Lombard's GDPI climbs 17.8% in FY’24

Its Q4’24 earnings were driven by motor and health segments.

ICICI Lombard saw its fiscal year 2024 (FY’24) gross direct premium income (GDPI) surge 17.8% year-on-year (YoY), to Rs247.76b. Overall profit for the year also jumped nearly a quarter from last year’s (11%) to Rs19.19b.

On a quarterly basis, its GDPI also surged 22% YoY to Rs60.73b. Likewise, its earnings after tax grew 18.9% YoY to Rs5.20b.

ALSO READ: Operating performance strong for ICICI Lombard: AM Best

According to its filing, the quarterly earnings were driven by higher premiums in motor and health insurance units. Its health segment saw a 29% surge on a YoY basis. Its digital business also saw growth, hiking 29.5% in Q4’24 and 29% in FY’24.

Follow the links for more news on

ICICI Lombard General Insurance

Financial Statements

insurance

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit