ICICI Lombard General Insurance Company’s share price surged 3.94% to ₹1,790.95 apiece on the Bombay Stock Exchange (BSE) on Monday following the announcement of its board meeting to consider dividend and financial results for the fourth quarter of FY25 and the entire financial year 2024-2025. The board meeting is scheduled to take place on April 15. The company’s board will consider approving the audited financial results for the quarter and financial year ending March 31, 2025, as well as recommending a final dividend for FY25, if applicable.
ICICI Lombard has a history of declaring dividends, with an interim dividend of ₹5.50 per equity share in October 2024 and a final dividend of ₹6 per share in June 2024. In 2023, the company distributed dividends on two occasions, with interim and final dividends of ₹5 and ₹5.50, respectively.
The company’s recent quarterly results for Q3 FY25 showed a significant rise in net profit, with a 67.9% growth to ₹724.4 crore, driven by growth in capital gains. The gross premium for the quarter dipped by 0.3% to ₹6,214 crore, year-on-year. The company’s solvency ratio was 2.36x as of December 31, 2024, above the minimum regulatory requirement of 1.50x.
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