ICICI Lombard Common Insurance coverage This autumn Outcomes: Internet revenue slips 2% to Rs 510 crore
New Delhi, ICICI Lombard on Tuesday reported a 2 per cent decline in web revenue to Rs 510 crore for the fourth quarter ended March 31. The corporate had reported a post-tax web revenue of Rs 520 crore within the year-ago interval.
Nonetheless, the overall revenue of the corporate rose to Rs 5,851 crore within the quarter below evaluation in comparison with Rs 5,165 crore within the year-ago interval.
The gross direct premium revenue of the corporate improved to Rs 6,211 crore in opposition to Rs 6,073 crore in the identical quarter a yr in the past, registering a progress of two.3 per cent.
The board have advisable a last dividend of Rs 7 per fairness share or 70 per cent of face worth of Rs 10 every for the monetary yr ended March 31, 2025, ICICI Lombard mentioned in a regulatory submitting.
The solvency ratio was 2.69 occasions at March-end 2025 in opposition to 2.62 occasions on March 31, 2024, increased than the minimal regulatory requirement of 1.5 occasions.
