Icici Lombard General Insurance Co. Ltd. · NSE:ICICIGI
Icici Lombard General Insurance — FY2025 Earnings Presentation
32 slides from Icici Lombard General Insurance's earnings presentation, 2025
Slide 1: FY2025 Performance Review
FY2025 Performance Review
Slide 2: Safe harbor
Safe harbor : Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will' , 'would' , ‘indicating’ , ‘expected to’ etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These f
Slide 3: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 4: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 5: Pillars of Strength
Pillars of Strength Consistent Market Diverse products Excellence in Risk Capital Leadership and and multi-channel Customer service Management Conservation growth distribution and Technology • Leading private • Comprehensive and • Leveraging on • Profitable growth • Maintain high level of sector non
Slide 6: Key Highlights
Key Highlights Particulars FY2023 FY2024 FY2025 (₹ billion) Actual Actual Actual Gross Written Premium 217.72 255.94 282.58 Gross Direct Premium Income (GDPI) 210.25 247.76 268.33 GDPI Growth 17.0% 17.8% 8.3% Combined Ratio (CoR) 104.5% 103.3% 102.8% Profit after Tax 17.29 19.19 25.08 Return on Aver
Slide 7: Comprehensive Product Portfolio
Comprehensive Product Portfolio Product Mix 10% 11% 11% Others 4% 4% 5% 3% 3% 3% Crop 15% 14% 12% Marine 27% 29% 29% Fire Health, Travel & PA 21% 20% 20% Motor TP Motor OD 20% 19% 20% FY2023 FY2024 FY2025 Diversified product mix– motor, health, travel & personal accident, fire, marine, crop and ot
Slide 8: Comprehensive Product Portfolio: Motor
Comprehensive Product Portfolio: Motor ₹ billion 72.4% 65.2% 64.2% Motor GDPI Mix 85.82 96.34 107.40 Type FY2024 FY2025 Private Car 51.4% 53.4% 44.31 48.94 52.82 Motor Two Wheeler 26.7% 25.4% Commercial Vehicle 21.9% 21.2% 41.51 47.40 54.58 FY2023 FY2024 FY2025 Industry leading position in FY2025
Slide 9: Comprehensive Product Portfolio: Health
Comprehensive Product Portfolio: Health* ₹ billion 77.3% 78.9% 82.2% Health, Travel & PA GDPI Mix Health, Travel & PA Type FY2024 FY2025 Individual 18.8% 21.4% Group – Others 30.6% 23.1% 55.92 71.17 76.73 Group Employer-Employee 50.6% 55.4% Mass 0.0% 0.1% FY2023 FY2024 FY2025 Loss Ratio Investment
Slide 10: Comprehensive Product Portfolio: P & C
Comprehensive Product Portfolio: P & C ₹ billion 59.7% 68.6% 60.0% Property & Casualty Property & Casualty (P&C) Market Share Product FY2024 FY2025 Fire 13.1% 13.0% 59.73 68.51 69.95 Engineering 16.6% 16.8% Marine Cargo 18.9% 20.1% Liability 18.8% 19.1% FY2023 FY2024 FY2025 Loss Ratio Crop 80.1% 88.
Slide 11: Digital Opportunities
Digital Opportunities Service Excellence Policy Issuance Claims & Servicing ILTakeCare App 37.6 Mn Policies sourced 3.2 Mn Claims honored 14.9 Mn+ ILTakeCare user downloads (9.3 Mn+ 99.9% issued Average claims settlement at March 31, 2024) electronically 5 Days Motor OD (6 days in FY2024) (99.3% in
Slide 12: Risk Management
Risk Management Underwriting Reinsurance Predictive ultimate loss model to improve risk selection Spread of risk across panel of quality re-insurers Diversified exposure across geographies and products Conservative level of catastrophe (CAT) protection Historically lower proportion of loss
Slide 13: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 14: Financial Performance
Financial Performance Combined ratio (CoR) (%) Return on average Equity (ROAE) (%) ₹ billion 103.3% 102.8%* 102.3% 102.5%* 19.1% 17.2% 17.8% 14.5% FY2024 FY2025 Q42024 Q42025 FY2024 FY2025 Q42024 Q42025 Profit before Tax (PBT) Growth Profit after Tax (PAT) Growth 30.0% -4.2% 30.7% -1.9% 33.21 25.08
Slide 15: Financial Performance
Financial Performance Particulars On n basis On 1/n basis (₹ in billions) Q42025 FY2025 Q42025 FY2025 GDPI 65.57 274.92 62.11 268.33 GDPI Growth 8.0% 11.0% 2.3% 8.3% PAT 4.66 24.19 5.19 25.08 PAT Growth -10.2% 26.1% -1.9% 30.7% Return on Average Equity 14.3% 18.5% 14.5% 19.1% Combined Ratio (CoR) 10
Slide 16: Robust Investment Performance
Robust Investment Performance ₹ billion Realised Return (%) Investment Book Investment Leverage1 4.09x 3.74x 7.98% 8.42% 535.08 489.07 FY2024 FY2025 FY2024 FY2025 Investment portfolio mix2 for FY2025 : Corporate bonds 45.4%, G-Sec 33.7% and Equity (including equity ETF) 15.0% Strong investment l
Slide 17: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 18: Environment Management
Environment Management Fostering a Green Future • Measuring, monitoring and reporting GHG footprint* No. of branches^ with Litres of rain water • Procuring renewable electricity and use of energy efficient lighting LED lighting harvested fixtures for effective energy management 326 9.2 Mn • Providin
Slide 19: Building an Inclusive Future
Building an Inclusive Future Promoting Inclusive Development • Facilitating community well-being in areas of skill development, sustainable livelihood, health care, road Lives covered CSR beneficiaries Farmers benefitted since safety and wellness 2016 3.2 Mn 950,000+ ~ 6.4 Mn • Promoting gender dive
Slide 20: Strong Governance
Strong Governance • CSR & Sustainability Board Committee oversight to drive All Board committees are Chaired by ESG agenda Independent Directors • Zero tolerance culture for unethical and fraudulent practices 100.0% • Performance evaluation of Board, Committees, Chairperson, and Individual Directors
Slide 21: Agenda
Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview
Slide 22: Non-life Insurance Market: Large TAM
Non - life Insurance Market : Large TAM* 9.3 Significantly underpenetrated Premium as a % of GDP (CY23) 6.0 2.6 India: US$ EA^: US$ World: US$ 2.1 2.3 1.8 1.8 35.77 billion 400.11 billion 4,297.18 billion 1.0 0.7 0.6 4th largest non-life insurance market in Asia and 7,504 Non-Life Insurance Densit
Slide 23: Industry has witnessed steady growth
Industry has witnessed steady growth ₹ billion Industry CAGR IL CAGR 6.2%#^ Market Share of Private Players** 8.3%#^ 52.9% 53.5% 3,076.61^ 2,896.44 15.3% 16.6% 13.4% 73.3%* 36.6% 0.1% 294.98 100.87 FY2001 FY2008 FY2024 FY2025 Tariff era Non-Tariff era 17 year Industry CAGR (FY2008 to FY2025) – GDPI:
Slide 24: Thank You
Thank You
Slide 25: Annexure
D Icict€ombard Annexure ONEIL Team
Slide 26: Loss Ratio
Loss Ratio Particulars Q42024 Q42025 FY2024 FY2025 Motor OD 58.4% 68.4% 63.5% 65.2% Motor TP 73.4% 72.0% 66.8% 63.2% Health,Travel & PA 75.4% 81.5% 78.9% 82.2% Crop 46.9% 65.1% 88.4% 89.2% Fire 41.0% 36.9% 62.2% 46.8% Marine 67.2% 53.4% 73.4% 79.8% Engineering 23.1% 19.6% 63.8% 36.8% Other 88.7% 55.
Slide 27: Impact of catastrophic events: Historical snapshot
Impact of catastrophic events: Historical snapshot ₹ billion Economic Insured Our Share of Catastrophic Event Year Losses* losses* Insured losses Andhra Pradesh & Telangana floods 2024 - 5.00 4.72% North India floods 2024 - 4.00 6.33% Gujarat floods 2024 - 22.00 5.57% Cyclone Michaung 2023 120.00 25
Slide 28: Abbreviations & Glossary
Abbreviations & Glossary: AI - Artificial Intelligence IBNR – Incurred But Not Reported IL – ICICI Lombard General Insurance Company Limited AT 1 - Additional Tier-1 ISI – Indian Standards Institute App - Application ISO – International Organization for Standardization AY – Accident Year IMTPIP – In
Slide 29: Reserving Triangle Disclosure: Total
Reserving Triangle Disclosure: Total1 ₹ billion Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2025 Prior* AY 16 AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 End of First Year 226.65 49.39 59.24 62.46 77.00 87.33 83.76 101.17 114.84 130.33 152.39 One year later 2
Slide 30: Reserving Triangle Disclosure: IMTPIP
Reserving Triangle Disclosure: IMTPIP ₹ billion Incurred Losses and Allocated Expenses (Ultimates movement) As at March 31, 2025 AY 08 AY 09 AY 10 AY 11 AY 12 AY 13 End of First Year 2.71 One year later 3.85 2.72 Two years later 4.49 3.85 3.54 Three years later 5.81 4.49 5.52 3.61 Four years later 6
Slide 31: Reserving Triangle Disclosure: Motor-TP (excl. IMTPIP)
Reserving Triangle Disclosure: Motor-TP (excl. IMTPIP) ₹ billion Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2025 Prior* AY 16 AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 End of First Year 41.81 15.97 17.05 19.98 24.41 31.55 25.15 28.07 35.39 38.07 40.80 One
Slide 32: Reserving Triangle Disclosure: Total (excl. Motor-TP)
Reserving Triangle Disclosure: Total (excl. Motor-TP) ₹ billion Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2025 Prior* AY 16 AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 End of First Year 184.84 33.42 42.19 42.48 52.58 55.78 58.61 73.11 79.46 92.26 111.59 One
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