ICICI Lombard’s share price experienced a notable surge of nearly 4% on Monday, following the announcement of an upcoming board meeting. This increase saw shares rise to ₹1,790.95 each on the Bombay Stock Exchange (BSE). The company has scheduled this significant meeting for April 15, 2025, where the board will discuss the financial results for the fourth quarter of FY25 and the entire fiscal year 2024-2025, including the potential declaration of a final dividend.
Upcoming Board Meeting Insights
ICICI Lombard General Insurance Company confirmed that the board of directors’ meeting will take place in Mumbai on April 15. The agenda includes:
- Consideration and approval of audited financial results and statements for the quarter ending March 31, 2025.
- Recommendation of a final dividend for the fiscal year concluding on March 31, 2025.
The announcement was made through a regulatory filing on March 24, highlighting the company’s commitment to transparency and shareholder engagement.
Dividend History of ICICI Lombard
The dividend history of ICICI Lombard showcases a consistent return to its shareholders:
- In October 2024, the company declared an interim dividend of ₹5.5 per equity share.
- Earlier that year, a final dividend of ₹6 per share was announced on June 6, 2024.
- In 2023, ICICI Lombard distributed dividends on two occasions, with an interim dividend of ₹5 per share on October 27 and a final dividend of ₹5.50 per share on June 12.
This history reflects ICICI Lombard’s robust financial health and commitment to providing value to its investors.
Q3 FY25 Financial Performance
In its third-quarter results for FY25, ICICI Lombard reported an impressive 67.9% increase in net profit, reaching ₹724.4 crore compared to ₹431.5 crore in the same quarter last year. This growth was largely driven by a rise in capital gains, showcasing the company’s solid performance.
- Gross premium for Q3 FY25 saw a slight decline of 0.3%, amounting to ₹6,214 crore down from ₹6,230 crore YoY.
- As of December 31, 2024, the solvency ratio stood at 2.36x, above the minimum regulatory requirement of 1.50x but lower than the previous quarter’s 2.65x.
At 2:40 PM, ICICI Lombard shares were trading at ₹1,790.95, reflecting a 3.94% increase, indicating strong market confidence in the company’s future performance.
For those interested in optimizing their investment strategies, consider exploring equity mutual funds or fixed-income portfolios that align with the current market trends. Stay informed about ICICI Lombard’s performance as it plays a significant role in the insurance sector’s landscape.
