Q2 2025 ICICI Lombard General Insurance Company Ltd Earnings Call Transcript
Key Points
- ICICI Lombard General Insurance Co Ltd (NSE:ICICIGI) reported a GDPI growth of 10.4% in Q2 FY25, significantly outperforming the industry growth of 2%.
- The company's motor segment registered a robust growth of 16.1% in Q2 FY25, compared to the industry growth of 6.2%, maintaining its market share leadership.
- The health segment grew by 12.3% in Q2 FY25, driven by a 41.4% growth in the retail health segment, surpassing the industry growth of 17.7%.
- Investment income increased to INR 22.52 billion in H1 FY25 from INR 18 billion in H1 FY24, reflecting strong investment performance.
- Profit after tax grew by 31.7% to INR 12.74 billion in H1 FY25, demonstrating strong financial performance and profitability.
- The commercial lines segment experienced a modest growth of 1.2% in Q2 FY25, lagging behind the industry growth of 2%.
- The combined ratio increased to 104.5% in Q2 FY25 from 103.9% in Q2 FY24, impacted by catastrophic losses.
- Banca business declined by 2.6% in Q2 FY25 due to lower credit disbursement growth from key partners.
- The group health employer-employee segment showed only a 1% growth in Q2 FY25, a significant drop from 34.6% in Q1 FY25, due to increased competitive intensity.
- The motor industry's combined ratio worsened from 121% to 125.6%, indicating increased loss ratios and expense pressures.
Good evening, ladies and gentlemen. A very warm welcome to ICICI Lombard General Insurance Company Limited's Q2 and H1 FY 2025 earnings conference call. From the senior management team, we have with us today Mr. Sanjeev Mantri, MD and CEO of the company; Mr. Gopal Balachandran, CFO; Mr. Girish Nayak, Chief Technology and Health Underwriting and Claims; Mr. Sandeep Goradia, Chief Corporate Solutions Group; and Mr. Anand Singhi, Chief Retail and Government business.
Please note that any statements or comments made in today's call that may look like forward-looking statements are based on information presently available to the management and do not constitute an indication of any future performance as future involve risks and uncertainties, which could cause results to differ materially from the current views being expressed.
(Operator Instructions) I now hand the conference over to Mr. Sanjeev Mantri, MD and CEO, ICICI Lombard General Insurance Limited. Thank you, and over to you, sir.
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