ICICI Lombard General Insurance Company Limited

₹ 124.72 billion

PTEMBER 30, 2023 October 18, 2023  Gross Direct Premium Income (GDPI) of the Company stood at ₹ 124.72 billion in H1 FY2024 compared to ₹ 105.55 billion in H1 FY2023, a growth of 18.2%, which was higher than

₹ 105.55 billion

oss Direct Premium Income (GDPI) of the Company stood at ₹ 124.72 billion in H1 FY2024 compared to ₹ 105.55 billion in H1 FY2023, a growth of 18.2%, which was higher than the industry growth of 14.9%. o GDPI of t

18.2%

pany stood at ₹ 124.72 billion in H1 FY2024 compared to ₹ 105.55 billion in H1 FY2023, a growth of 18.2%, which was higher than the industry growth of 14.9%. o GDPI of the Company was at ₹ 60.86 billio

14.9%

to ₹ 105.55 billion in H1 FY2023, a growth of 18.2%, which was higher than the industry growth of 14.9%. o GDPI of the Company was at ₹ 60.86 billion in Q2 FY2024 as against ₹ 51.85 billion in Q2 FY20

₹ 60.86 billion

rowth of 18.2%, which was higher than the industry growth of 14.9%. o GDPI of the Company was at ₹ 60.86 billion in Q2 FY2024 as against ₹ 51.85 billion in Q2 FY2023, growth of 17.4%. This growth was higher than

₹ 51.85 billion

he industry growth of 14.9%. o GDPI of the Company was at ₹ 60.86 billion in Q2 FY2024 as against ₹ 51.85 billion in Q2 FY2023, growth of 17.4%. This growth was higher than industry growth of 12.5%.  Combined

17.4%

the Company was at ₹ 60.86 billion in Q2 FY2024 as against ₹ 51.85 billion in Q2 FY2023, growth of 17.4%. This growth was higher than industry growth of 12.5%.  Combined ratio stood at 103.7% for H1 F

12.5%

nst ₹ 51.85 billion in Q2 FY2023, growth of 17.4%. This growth was higher than industry growth of 12.5%.  Combined ratio stood at 103.7% for H1 FY2024 compared to 104.6% for H1 FY2023. Excluding the

103.7%

growth of 17.4%. This growth was higher than industry growth of 12.5%.  Combined ratio stood at 103.7% for H1 FY2024 compared to 104.6% for H1 FY2023. Excluding the impact of CAT losses of ₹ 0.83 billi

104.6%

higher than industry growth of 12.5%.  Combined ratio stood at 103.7% for H1 FY2024 compared to 104.6% for H1 FY2023. Excluding the impact of CAT losses of ₹ 0.83 billion in H1 FY2024 and 0.28 billion

₹ 0.83 billion

od at 103.7% for H1 FY2024 compared to 104.6% for H1 FY2023. Excluding the impact of CAT losses of ₹ 0.83 billion in H1 FY2024 and 0.28 billion in H1 FY2023, the combined ratio was 102.7% and 104.2% respectively

0.28 billion

ed to 104.6% for H1 FY2023. Excluding the impact of CAT losses of ₹ 0.83 billion in H1 FY2024 and 0.28 billion in H1 FY2023, the combined ratio was 102.7% and 104.2% respectively. o Combined ratio stood at 1

Mailing Address

1

Registered Office

1

Notes

1

Safe harbor

1

Mailing Address

401 & 402, 4th Floor, Interface 11, New Linking Road, Malad (West), Mumbai - 400 064 CIN: L67200MH2000PLC129408

Registered Office

ICICI Lombard House, 414, Veer Savarkar Marg, Alternate No.: +91 8655222666 (Chargeable) Near Siddhi Vinayak Temple, Prabhadevi, Email: customersupport@icicilombard.com Mumbai - 400 025 Website: www.icicilombard.com Toll free No. : 1800 2666 PERFORMANCE FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2023 October 18, 2023  Gross Direct Premium Income (GDPI) of the Company stood at ₹ 124.72 billion in H1 FY2024 compared to ₹ 105.55 billion in H1 FY2023, a growth of 18.2%, which was higher than the industry growth of 14.9%. o GDPI of the Company was at ₹ 60.86 billion in Q2 FY2024 as against ₹ 51.85 billion in Q2 FY2023, growth of 17.4%. This growth was higher than industry growth of 12.5%.  Combined ratio stood at 103.7% for H1 FY2024 compared to 104.6% for H1 FY2023. Excluding the impact of CAT losses of ₹ 0.83 billion in H1 FY2024 and 0.28 billion in H1 FY2023, the combined ratio was 102.7% and 104.2% respectively. o Combined ratio stood at 103.9% in Q2 FY2024 as against 105.1% in

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