Highlights Gross Direct Premium Income (GDPI) of the Company was at Rs 86.13 billion in H1 FY2022 as against Rs 64.91 billion in H1 FY2021. Excluding crop segment, GDPI of the Company increased to Rs 80.30 billion in H1 FY2022 as against Rs 64.59 billion in H1 FY2021. The industry growth for the same period (excluding crop segment) was 16.9%. GDPI of the Company was at Rs 44.24 billion in Q2 FY2022 as against Rs 31.89 billion in Q2 FY2021. Excluding crop segment, GDPI of the Company increased to Rs 38.41 billion in Q2 FY2022 as against Rs 31.86 billion in Q2 FY2021. The industry growth (excluding crop segment) for Q2 FY2022 was 17.5%. Combined ratio was 114.3% in H1 FY2022 as against 99.8% in H1 FY2021. Excluding the impact of flood and cyclone losses of Rs 0.82billion, the combined ration was 113.0% in H1 FY2022 as against 97.5% in H1 FY2021 excluding the impact of cyclone and flood losses of Rs 1.07billion. This includes the impact of Covid claims on health book of Rs 5.6 billion in H1 FY2022 as against Rs1.5 billion in H1 FY2021. Combined ratio was 105.3% in Q2 FY2022 as against 99.7% in Q2 FY2021. Excluding the impact of flood and cyclone losses of Rs 0.50 billion, the combined ratio was 103.7% in Q2 FY2022 as against 96.6% in Q2 FY2021 Excluding the impact of flood and cyclone losses of Rs 0.77 billion. Profit before tax (PBT) was at Rs 8.52 billion in H1 FY2022 as against Rs 10.86 billion in H1 FY2021. This includes the impact of covid claims on health books of Rs 5.61 billion in H1 FY2022 as against Rs1.5 billion in H1 FY2021. Whereas PBT was at Rs 5.94 billion in Q2 FY2022 as against Rs 5.55 billion in Q2 FY2021. Capital gains were higher at Rs 4.71 billion in H1 FY2022 as against Rs 1.84 billion in H1 FY2021. Capital gains were at Rs 1.44 billion in Q2 FY2022 as against Rs 1.24 billion in Q2 FY2021. Consequently, Profit after tax (PAT) was at Rs 6.41 billion in H1 FY2022 as against Rs 8.14 billion in H1 FY2021 whereas PAT stood at Rs 4.46 billion in Q2 FY2022 as against Rs 4.16 billion in Q2 FY2021. Return on Average Equity (ROAE) was 15.2% in H1 FY2022 as against to 24.9% in H1 FY2021 while ROAE was 21.0% in Q2 FY2022 as against to 24.7% in Q2 FY2021. Solvency ratio was 2.49x at September 30, 2021 as against 2.61x at June 30, 2021 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.90x at March 31, 2021. The Board of Directors of the company has declared interim dividend of Rs 4.00 per share for H1 FY2022. Result PDF
Conference Call with ICICI Lombard General Insurance Company Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.