ICICI Lombard General Insurance Company Limited

₹ 210.25 billion

UARTER AND YEAR ENDED MARCH 31, 2023  Gross Direct Premium Income (GDPI) of the Company stood at ₹ 210.25 billion in FY2023 compared to ₹ 179.77 billion in FY2022, a growth of 17.0% which was higher than the ind

₹ 179.77 billion

Gross Direct Premium Income (GDPI) of the Company stood at ₹ 210.25 billion in FY2023 compared to ₹ 179.77 billion in FY2022, a growth of 17.0% which was higher than the industry growth of 16.4%. o GDPI of the C

17.0%

he Company stood at ₹ 210.25 billion in FY2023 compared to ₹ 179.77 billion in FY2022, a growth of 17.0% which was higher than the industry growth of 16.4%. o GDPI of the Company was at ₹ 49.77 billion

16.4%

ared to ₹ 179.77 billion in FY2022, a growth of 17.0% which was higher than the industry growth of 16.4%. o GDPI of the Company was at ₹ 49.77 billion in Q4 FY2023 as against ₹ 46.66 billion in Q4 FY20

₹ 49.77 billion

growth of 17.0% which was higher than the industry growth of 16.4%. o GDPI of the Company was at ₹ 49.77 billion in Q4 FY2023 as against ₹ 46.66 billion in Q4 FY2022, a growth of 6.7% as against the industry gro

₹ 46.66 billion

he industry growth of 16.4%. o GDPI of the Company was at ₹ 49.77 billion in Q4 FY2023 as against ₹ 46.66 billion in Q4 FY2022, a growth of 6.7% as against the industry growth of 16.9%.  Combined ratio stood a

6.7%

e Company was at ₹ 49.77 billion in Q4 FY2023 as against ₹ 46.66 billion in Q4 FY2022, a growth of 6.7% as against the industry growth of 16.9%.  Combined ratio stood at 104.5% in FY2023 compared to

16.9%

Y2023 as against ₹ 46.66 billion in Q4 FY2022, a growth of 6.7% as against the industry growth of 16.9%.  Combined ratio stood at 104.5% in FY2023 compared to 108.8% in FY2022. o Combined ratio stoo

104.5%

n Q4 FY2022, a growth of 6.7% as against the industry growth of 16.9%.  Combined ratio stood at 104.5% in FY2023 compared to 108.8% in FY2022. o Combined ratio stood at 104.2% in Q4 FY2023 compared to

108.8%

as against the industry growth of 16.9%.  Combined ratio stood at 104.5% in FY2023 compared to 108.8% in FY2022. o Combined ratio stood at 104.2% in Q4 FY2023 compared to 103.2% in Q4 FY2022.  P

104.2%

Combined ratio stood at 104.5% in FY2023 compared to 108.8% in FY2022. o Combined ratio stood at 104.2% in Q4 FY2023 compared to 103.2% in Q4 FY2022.  Profit before tax (PBT) grew by 25.5% to ₹ 21.1

103.2%

in FY2023 compared to 108.8% in FY2022. o Combined ratio stood at 104.2% in Q4 FY2023 compared to 103.2% in Q4 FY2022.  Profit before tax (PBT) grew by 25.5% to ₹ 21.13 billion in FY2023 compared to

Notes

1

Safe harbor

1

Notes

Combined Ratio = (Net Incurred Claims/ Net Earned Premium) + (Management Expenses – Commission on Reinsurance)/ Net Written Premium Management Expenses = Commission Paid Direct + Commission Paid on Reinsurance inward + Operating expenses related to insurance business Return on Average Equity (ROAE) = Profit After Tax / ((Opening Net Worth + Closing Net Worth)/2) Net Worth = Share Capital + Reserves & Surplus About ICICI Lombard General Insurance Company Limited ICICI Lombard is the leading private general insurance company in the country. The Company offers a comprehensive and well-diversified range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. With a legacy of over 21 years, ICICI Lombard is committed to customer centricity with its brand philosophy of ‘Nibhaaye Vaade’. The company has issued over 32.7 million policies, settled 3.6 million claims and has a Gross Written Premium

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 forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, our growth and expansion in business, the impact of any acquisitions, technological implementation and changes, the actual growth in demand for insurance products and services, investment income, cash flow projections, our exposure to market risks, policies and actions of regulatory authorities; impact of competition; the impact of changes in capital, solvency or accounting standards, tax and other legi