Icici Lombard General Insurance Co. Ltd. · NSE:ICICIGI

Icici Lombard General Insurance — FY2025 Earnings Presentation

38 slides from Icici Lombard General Insurance's earnings presentation, Apr 15, 2025

  1. Slide 1: Exchange cover letter: press release and investor presentation

    Ref. No.: MUM/SEC/4-4/2026 April 15, 2025 To, The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot C/1 Dalal Street G Block, Bandra Kurla Complex, Mumbai – 400 001 Mumbai – 400 051

  2. Slide 2: Cover letter signature page

    You are requested to kindly take the same on your records. Thanking you. Yours faithfully, For ICICI Lombard General Insurance Company Limited Digitally signed by Vikas Mehra Vikas Mehra Date: 2025.04.15 19:17:19 +05'30' Vikas Mehra Company Secretary Encl. As above IRDA Reg. No. 115 CIN: L67200MH200

  3. Slide 3: Performance for the quarter and year ended March 31, 2025

    April 15, 2025 PERFORMANCE FOR THE QUARTER AND YEAR ENDED MARCH 31, 2025 With effect from October 1, 2024 Long-term Products are accounted on a 1/n basis, as mandated by IRDAI, hence Q4 & FY2025 are not comparable with prior years.  Gross Direct Premium Income (GDPI) of the Company was at ₹ 268.33

  4. Slide 4: PAT, dividend, ROAE and solvency

     Consequently, Profit after tax (PAT) grew by 30.7% to ₹ 25.08 billion in FY2025 compared to ₹ 19.19 billion in FY2024. o PAT de-grew by 1.9% to ₹ 5.10 billion in Q4 FY2025 from ₹ 5.19 billion in Q4 FY2024.  The Board of Directors of the Company has proposed final dividend of ₹ 7.00 per share for

  5. Slide 5: Ratios and financial indicators

    Ratios: Financial Indicators Q4 FY2024 Q4 FY2025 FY2024 FY2025 ROAE – Annualised 17.8% 14.5% 17.2% 19.1% Combined Ratio (CoR) 102.3% 102.5% 103.3%* 102.8%* * Excluding the impact of CAT losses of ₹ 1.37 billion in FY2024 and ₹ 0.94 billion in FY2025, the Combined ratio was 102.5% and 102.4% respecti

  6. Slide 6: About ICICI Lombard and contacts

    cloud. With a strong focus on being digitally-led and agile, the company has introduced multiple AI-powered insurance solutions. The company’s flagship insurance and wellness app, IL TakeCare, which has received over 14.9 million downloads, also offers the industry’s first Face Scan feature. The com

  7. Slide 7: FY2025 Performance Review

    FY2025 Performance Review

  8. Slide 8: 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

  9. Slide 9: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  10. Slide 10: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  11. Slide 11: 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

  12. Slide 12: 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

  13. Slide 13: 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

  14. Slide 14: 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

  15. Slide 15: Comprehensive Product Portfolio: Health, Travel & PA

    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

  16. Slide 16: Comprehensive Product Portfolio: Property & Casualty

    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.

  17. Slide 17: 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

  18. Slide 18: 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

  19. Slide 19: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  20. Slide 20: 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

  21. Slide 21: Financial Performance: n basis vs 1/n basis

    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

  22. Slide 22: 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

  23. Slide 23: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  24. Slide 24: 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

  25. Slide 25: 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

  26. Slide 26: 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

  27. Slide 27: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  28. Slide 28: 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

  29. Slide 29: 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:

  30. Slide 30: Thank You

    Thank You

  31. Slide 31: Annexure

    D Icict€ombard Annexure ONEIL Team

  32. Slide 32: 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.

  33. Slide 33: 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

  34. Slide 34: 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

  35. Slide 35: 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

  36. Slide 36: 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

  37. Slide 37: 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

  38. Slide 38: 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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