ICICI Lombard Q2 FY25 results: Net profit increases 20% to Rs 693 crore

https://www.business-standard.com/companies/results/icici-lombard-q2-fy25-results-net-profit-increases-20-to-rs-693-crore-124101801133_1.html

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The gross direct premium income (GDPI) rose 10.4 per cent Y-o-Y to Rs 6,721 crore from Rs 6,086 crore

ICICI Lombard General Insurance reported a 20 per cent year-on-year (Y-o-Y) growth in net profit to Rs 693.95 crore in July-September (Q2FY25), up from Rs 577.25 crore in the year-ago period, aided by growth in premiums.

The gross direct premium income (GDPI) rose 10.4 per cent Y-o-Y to Rs 6,721 crore from Rs 6,086 crore. Its total income for the quarter rose to Rs 5,850 crore from Rs 5,049 crore in the year-ago period. The net claims ratio of the general insurer stood at 71.4 per cent compared to 70.7 per cent in the year-ago period.

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