ICICI Lombard General Insurance Company Limited (NSE: ICICIGI)

ICICIGI Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Premiums & Annuity Revenue	174,830	168,665	148,228	130,321	100,140	94,035
Total Interest & Dividend Income	33,315	30,626	25,862	23,331	19,076	17,112
Gain (Loss) on Sale of Investments	5,600	5,463	4,392	7,378	3,588	1,994
Other Revenue	131.63	144.53	8,933	7,734	4,512	789.44
Total Revenue	213,877	204,898	187,415	168,763	127,315	113,931
Revenue Growth (YoY)	10.62%	9.33%	11.05%	32.56%	11.75%	11.40%
Policy Benefits	123,924	119,395	107,257	97,819	68,708	68,516
Policy Acquisition & Underwriting Costs	35,548	33,067	7,627	8,130	7,120	3,926
Selling, General & Administrative	27,742	28,649	45,630	39,675	27,758	23,298
Provision for Bad Debts	405.08	441.28	53.13	-23.83	202.66	481.97
Other Operating Expenses	-2,365	-2,221	5,864	5,907	3,247	465.05
Total Operating Expenses	185,778	179,390	166,489	151,563	107,087	96,726
Operating Income	28,099	25,508	20,926	17,200	20,229	17,205
Interest Expense	-36.76	-36.76	-114.69	-363.67	-399.77	-400.48
Currency Exchange Gain (Loss)	56.05	107.25	55.22	-13.77	4.54	30.19
Other Non Operating Income (Expenses)	-2.02	-2.02	295.01	-2.25	120.46	149.44
EBT Excluding Unusual Items	28,116	25,576	21,161	16,820	19,954	16,984
Gain (Loss) on Sale of Assets	-24.26	-24.26	-35.85	14.65	0.25	-5.19
Other Unusual Items	-	-	-	-	-414.73	-10.07
Pretax Income	28,092	25,552	21,125	16,835	19,540	16,969
Income Tax Expense	7,006	6,366	3,835	4,125	4,809	5,031
Net Income	21,086	19,186	17,291	12,710	14,731	11,938
Net Income to Common	21,086	19,186	17,291	12,710	14,731	11,938
Net Income Growth	19.10%	10.96%	36.04%	-13.72%	23.40%	13.77%
Shares Outstanding (Basic)	492	492	491	491	455	454
Shares Outstanding (Diluted)	496	495	492	492	456	456
Shares Change (YoY)	0.89%	0.59%	-0.07%	7.83%	0.13%	0.20%
EPS (Basic)	42.84	39.03	35.21	25.91	32.41	26.27
EPS (Diluted)	42.51	38.78	35.16	25.82	32.27	26.19
EPS Growth	18.04%	10.30%	36.17%	-19.99%	23.21%	13.57%
Free Cash Flow	-	22,163	21,692	7,332	16,946	31,296
Free Cash Flow Per Share	-	44.80	44.11	14.90	37.13	68.65
Dividend Per Share	-	11.000	10.000	9.000	8.000	3.500
Dividend Growth	-	10.00%	11.11%	12.50%	128.57%	-41.67%
Operating Margin	13.14%	12.45%	11.17%	10.19%	15.89%	15.10%
Profit Margin	9.86%	9.36%	9.23%	7.53%	11.57%	10.48%
Free Cash Flow Margin	-	10.82%	11.57%	4.34%	13.31%	27.47%
EBITDA	28,342	25,983	22,330	18,594	21,509	18,085
EBITDA Margin	13.25%	12.68%	11.91%	11.02%	16.89%	15.87%
D&A For EBITDA	243.8	475.85	1,404	1,394	1,280	880.27
EBIT	28,099	25,508	20,926	17,200	20,229	17,205
EBIT Margin	13.14%	12.45%	11.17%	10.19%	15.89%	15.10%
Effective Tax Rate	24.94%	24.91%	18.15%	24.50%	24.61%	29.65%

Source: S&P Capital IQ. Insurance template. Financial Sources.