ICICI Lombard Q4 Results: Net profit increases 23% to Rs 346 Crore

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ICICI Lombard Q4 Results: The company paid an interim dividend of Rs 4 per share during the year

ICICI Lombard General Insurance on Saturday recorded a 23 percent year-over-year jump in its March quarter net income (Q4 FY21) to Rs 346 crore from Rs 282 crore in Q4 FY20. Gross Direct Premium Income (PIBI) amounted to Rs 3,478 crore against Rs 3,181 crore in the same period, marking a growth of 9.4 percent. Capital gains were Rs 66 crore in Q4 FY2021 compared to Rs 95 crore in Q4 FY20. The return on average equity was 18.8% versus 18.8%.

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The company paid an interim dividend of Rs 4 per share during the year. The board of directors proposed a final dividend of 4 rupees per share for fiscal year 21.

So the overall dividend for FY21 including the proposed final dividend is Rs 8 per share. Payment is subject to shareholder approval at the next annual general meeting.

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