ICICI group insurers, ICICI Lombard General Insurance and ICICI Prudential Life Insurance, have announced their Q4 FY25 results, revealing a mix of financial outcomes. ICICI Prudential Life Insurance surpassed analysts' expectations, while ICICI Lombard General Insurance presented a more varied performance for the financial year's final quarter ending March 31.

ICICI Prudential reported a standalone net profit of Rs 385 crore for the quarter ending March 31, significantly more than double the Rs 174 crore profit from the corresponding period last year. According to a regulatory filing, their gross premium income saw a 7.2% increase year-on-year, reaching Rs 16,832 crore. The company's value of new business (VNB) margin, a crucial profitability indicator for insurance businesses, rose by 120 basis points (bps) to 22.7%. This performance exceeded Zee Business research expectations, which had anticipated a net profit of Rs 290 crore and a gross premium income of Rs 16,240 crore. It should be noted that ICICI Prudential Life Insurance recently received a demand notice of Rs 328.4 crore from the Income Tax Department.

ICICI Lombard's net profit for the March quarter stood at Rs 510 crore, a 1.9% year-on-year decrease. However, the premium earned increased by 19.6% to Rs 5,226 crore, as per a filing. These figures align with Zee Business analysts' projections, which estimated a quarterly net profit of Rs 510 crore and premium earned at Rs 5,050 crore.

On Tuesday, ICICI Prudential and ICICI Lombard shares closed higher, with ICICI Prudential up by 2.6% at Rs 567.6 and ICICI Lombard increasing by 6.0% to Rs 1,821.4 apiece on the BSE.