fl/C/C/fJLombard
-GENERAL INSURANCE-
Ref. No.: MUM/SEC/06-04/2023
April 21, 2022
To,
The Manager | The Manager |
Listing Department | Listing Department |
BSE Limited | National Stock Exchange of India Limited |
Phiroze Jeejeebhoy Towers | Exchange Plaza, 5th Floor, Plot C/1 |
Dalal Street | G Block, Bandra Kurla Complex, |
Mumbai - 400 001 | Mumbai - 400 051 |
Scrip code: Equity (BSE: 540716/ NSE: ICICIGI); Debt (NSE: ILGl29)
Dear Sir/Madam,
Subject: Outcome of the Board Meeting held on Thursday, April 21, 2022
Pursuant to Regulation 30, 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that the Board of Directors of the Company, at their Meeting held today i.e. Thursday, April 21, 2022, have approved inter-alia:
).- Audited Financial Results of the Company for the quarter and financial year ended
March 31, 2022. A copy of the Audited Financial Results for the quarter and financial year ended March 31, 2022 together with the Statutory Auditors' Report in the prescribed format is enclosed herewith. A copy of the press release being issued in this connection is also attached.
Please note that Chaturvedi & Co. and PKF Sridhar & Santhanam LLP, Joint Statutory Auditors of the Company, have issued audit reports with unmodified opinion.
).-
Recommended final dividend of~ 5.0 per equity share i.e. at the rate of 50.0% of face value of~ 10 each for the financial year ended March 31, 2022, subject to approval of the Members at the ensuing Annual General Meeting ("AGM") of the Company.
).-
The Board of Directors of the Company based on recommendation of the Board Nomination and Remuneration Committee of the Board, have approved grant of stock options upto 4.57 million to eligible employees including Whole-time Directors of the Company under the ICICI Lombard Employees Stock Option Scheme-2005. Each of the stock option entitles the holder to apply for one equity share of the Company of~ 10/-each. The following are the terms of the Options granted:
IRDA Reg. No. 115 | CIN: L67200MH2000PLC129408 | |
Mailing Address: | Registered Office: | Toll free No. : 1800 2666 |
401 & 402, 4th Floor, Interface 11 , | ICICI Lombard House, 414, Veer Savarkar Marg, | Alternate No.: +91 8655222666 (Chargeable) |
Near Siddhi Vinayak Temple, Prabhadevi, | Email:customersupport@icicilombard.com | |
New Linking Road, Malad (West), | Mumbai - 400 025 | Website:www.icicilombard.com |
Mumbai - 400 064 |
fl/CIC/ fJ Lombard
-GENERAL INSURANCE-
1. Grant Price: ~ 1363.10/- per share (closing price on the recognised stock exchange having higher trading volume on the trading date immediately prior to the date of meeting). Grant of Stock Options to Whole-time Directors is subject to approval of Members of the Company and Insurance Regulatory and Development Authority of India (IRDAI).
2. Vesting period: 3 years, in the ratio of 30%-30%-40% starting one year from the date of the grant of the stock options.
3.
Exercise period: 5 years from the date of vesting .
The Meeting of the Board of Directors of the Company commenced at 2:35 p.m. (IST) and concluded at 5:05 p.m. (IST).
The above information is being made available on the Company's websitewww.icicilombard.com .
You are ·requested to kindly take the same on your records.
Thanking you .
Yours faithfully, or ICICI Lombard General Insurance Company Limited
Vikas Mehra
Company Secretary
Encl. As above
IRDA Reg. No. 115 | CIN: L67200MH2000PLC129408 | |
Mailing Address: | Registered Office: | Toll free No.: 1800 2666 |
401 & 402, 4th Floor, Interface 11, | ICICI Lombard House, 414, Veer Savarkar Marg, | Alternate No.: +91 8655222666 (Chargeable) |
Near Siddhi Vinayak Temple, Prabhadevi, | Email:customersupport@icicilombard.com | |
New Linking Road, Malad (West), | Mumbai - 400 025 | Website: www .icicilombard.com |
Mumbai - 400 064 |
ICICI Lombard General Insurance Company Limited
CIN: L67200MH2000PLC129408
Registered Office Address: ICICI Lombard House, 414, Veer Savarkar Marg,
Near Slddhlvlnayak Temple , Prabhadevl, Mumbal-400025 , Maharashtra
IRDAI Registration No. 115 dated August 3, 2001
[Pursuant to the Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015 read with IRDAI Circular reference :
IRDA/F&NCIR/LFTD/027/01/2017 dated 30.01 .2017]
Annexure-1
Statement of Audited Results for the Quarter and Year ended March 31, 2022 i' In lakhsl
SI. No.
OPERA TING RES UL TS
1 Gross Premiums wrlllen
Parllculars
March 31 2022
Audited
3 monihs ondod I As 111
December 31 2021
Audited
500 074
478 607
2 3 4
5
Nel Premium writlen Premium Earne<> ! Nell t n com~ from inveslmems to"tl Other income ta, IF ore tn n exchanne naln I tloSs lblllnvestmen l Income Imm oool ITerrONsm I Nuclear!
397 337 331 778 53 837
143
750
l o ll Con tnbullon from Sharoholdors Funds towards excoss EOM td UMis.cellaneaus Income
76.969 157
March 31 2021
Audited
355 987
365.511
276 479
331 188 | |
53223 | 166 424 |
C32l | 45 |
3147 | |
43,574 |
11381
261 622 41 980
37
1.005
512
6 7 8
Total Income (3 to 5}
463 634
Commissions & Brokeraae lnetlNet commission 3
16009 16.009
9
Oc~ra U na Elr:oenses 1e1at.ed to Insurance buslness la+ hl; la Emolovees' rernuneraU on and welfare exoenses lb Other ooeraUna e'oenses Cl+ll+lll
I.
Advertlsemenl and oubli cllv
21 020
13 635
Undcrwrltlno profit/ CL055l f3·12t
23 941
12565
15
16
rn
12
13
14
11 19 1.521 lol l Chance in Outstandina Claims llncludlng IBNR/IBNER}
Provlslono for doubtful debts Clnclud lno bad debts written ottl Provisions ·for cUmfnutton in v41lue of investrnents
Ooeratlna ProflU(L ossl C6·12l
ti. S alos oromoU on |
Iii. Olhel e•nMseo |
Prem ium Deficiencv |
Incurred Claims |
(a) ] Clalms Paid |
59. 139 | |||
208 323 | 6~5 52 | 762 94 | 553 165 |
22.028 | 20,939 | 215,276 | 133,916 |
270 ,751 | 1,433 ,59 1 | 1,020, 593 | |
19 1291 | (130.382) | 119 1941 | |
78188 |
130 8981
Total Expense (8+9+10+111
385 414
20 271 20.271
29072
M.084
51 232
22000 16 .527
19 747
47.407 362, 676
358.107
126 9191
100 956
27 307
.Aooroorl-t1tlons
30
t0.978 10.978
18632 737Q1
54 587
80 527
-
179 397
17
l-11 1 Transfer lo Profit and Loss AJG tbl!Transfer to Reserves
NON-OPERA TING RES UL TS
Income In !iharctiolders• acaoun1 Ca+b+CJ):
f;:tll Transfer from Policvholders' Fund
18
bl I Income from 10 ... es tm ents
100 Q56
CollO tl1er Income
ExC1e nses other than th ose related to insurance business
100 95a 16 421 77
2.7 307
27 30 7 16 282
217
77 48156 5 14
1 726
P rovisions lordoubtJul ~ebLS llntlud lno bad ctebts .wr111 en offl Provisions for dlm lnull¢n rn 11Jillue or l n V~ l ments
To t al Exoense 1 · 1~+20+21
Profll,1 floss) before extraordinary Items (18·22) Ex trnordlnarv Item s.
41 045
-
11821 1888 176 411
42 09445 011
Year ended I As at
March 31 2022
Audited
1 856 239
1 348 959
1 303 209 229 081
350 1
348 939
43574 | ||
1214 | 366 | 1 548 |
1 612 966 | 1216137 | |
63 389 | 60.093 | |
63,389 | 60,093 |
76 969
Q4 977
8 051
161 !!21
179 397
78168
78 .188 | ||
12 663 | 31~ | 50 463 |
1 221 | 295 | 1 238 |
179 397
70
46 285
66 177
52 166l
775
C231M287l
1 712
47 061
81 659
168.352
ProflV llosol before tax (23-24}
Provision for htx
41 045
9.794
168 352
195,395
42 094
45 011
in 341
10 443
Profit/ (Loss) alter tax (PAT)
31 251
31 753
Year ended I As atMarch 31 2021
Audited
1 432 033
1 068 498
1 001 399
19 972
120 517
195 544
195 544
195.544
2 027 16 6911
51 R50
195 395
41 .251
48 090
34 568
127 101
147 305
Dividend oor share m I Nominal Va luo f 10 oor share"
(all Interim Dividend lbllFlnal Dividend
4.00
4.00
Profit I Clossl carrie d to Balance Sfoe t Paid uo eauitv caoilal
622 946 49 089
31876
Rese""e & Surnt us: [E ,cdudrnn Re va tuAlion Re5erve1
591 695
4.00 4 ,00622 94 6
4 00
533 653
533 653
861
49 081 | 49089 | 45.459 | |
830 061 | 698.0S5 | 86 1 878 | 698 055 |
37 | 33 | 33 |
45 459
33 | 35 |
25 | |
891 |
66 051 | 68 051 | |
500 | 48 ~00 | 48 500 |
Q30
6372-7 25 500
25.500
35.930
743 066 2 345 650
(2 229 120)
2.40
2,90
72.0%
79 .5% 764%
103.2%
3 1.5%
69.6%
104.5%
68.6% 77.7%74,6%
71 .7%
101 .8%
Basic : t 6.47
Diluted: t 6.44
Bas ic: '7.61 '25.91
Dituled: ' 7.57
Basic: '6.37
Basic:
'6.47
Basic: '7.61
Diluted : f 7 .57
30.0% 2a.1•.-
7.5. 1%
72.7%
106.11%
99.8%
Basic:
Bas ic:
n141
Diiuted: '25.82
Diluted: ' 32 .27
Ba sic:
'25.91
Basic:
'32.41
Dfl.uled : '25.62
Diluted: '32.27
1.87%
0.41'k
1.80%
b) Perce n.taae of shareholdino cl% o! Government holdlna
n xl
Public sharetmldln a et) No, of share~
51.a6%
1,92%
8.45% 7.85%
255 047 622
In case of oublic sector insurance co..rnoanies'
0 .32% | 12..2 1% | ||
254 968 672 | 2 18 750 69A | 255 047 622 | 21 '8 750 696 |
51. 95% | 4812% | 51 ~ 96% | 48 .12% |
0 .16%5.77%
Footnotes:
1 Net of reinsurance (Including Excess of Loss Reinsurance)_
2 Including cap ital ga ins, net of amortlsallon and losses.
3 Commission is net of commission received on reinsurance cession .
4 Analytical ratios have been calculated as per definition given in IRDAI analytical raUos disclosures,
4a The Solvency has been co mputed at the last day of the period ,
4b 5
The Expenses of Management has been computed on the basis of Gross Direct Premium Nol annualised
6 Excludes unrealised gains or losses on real estate and unlisted equity
7 Yield on investments with unrealised gains is computed using the modified Dietz melhod
8 The computation is based on time weighted average book value.
Dividend is recognised in the period it is approved as prescribed by MCA
Annexure-11
[Pursuant to the Regulation 33 and 52 of SEBI (listing Obligations and Disclosure Requirement s) Regulall ons, 2015 read with IRDAI Circular reference :
IRDA/F&A/CIR/LFTD/027/01/2017 dated 30.01.2017]
Segment1 Reporting for the Quarter and Year ended March 31, 2022
Cf i n lakhsl
SI . No.
Particulars
1
Scomont Income: ICA Fire
3 months ended I As at
Income from InvestmentsOther Income lfiil Health Government B~sl n ess
Marc h 31 , 2022
December 31 , 2021
Net Premium Eamed Income from In vestments Other Income
I/ Bi Marine
Net Premium Earned
In come from Investment< Other Income
IICI H~e l th lncludlna Personal Acclden 1·
(I) Hea lth Retail
Net Premium Earned Income from Investments Ot11er Income ml Heallh Grouo. Coro.0<>
Nat Premi um Earned
Net Premium Earn ed Income lrom lnvestm ontG Olher In come ml Miscell aneous
Ill Miscell aneous Reta il
Audited
Net Premium Eamed Income from In vestments Other Income
69992
21.38 1
11 630
18 .549, 625
10 365 590 15
5272 220
2 079
1 496
40 (55!
666
Audited
63904 4149 1211
21 231 1 806
IB 456
1520
9 597 641 17
2 100
847
39
51
.
1
March 31, 2021
Aud ited
46 503
18 905
12 597
5 126
1 430
3247 203
1 616
7.287 454 51
2634
455
23 70
Year ended f As at
Yea r ended I As at | |
March 31, 2021 | |
Audited | |
67 447 | 48134 |
8 773 | 5 426 |
2 793 | 2 574 |
37 680 | 26 015 |
2 936 | 2023 |
44 | 55 |
83772 | 73027 |
8,808 | 7 295 |
5149 | |
183 058 | |
15 061 | |
129 | |
74 | |
251 | |
. | |
5 634 |
March 31 , 2022
Aud i ted
11 643
251 338
21 284 334
399 86
5 882
I ii! Miscellaneous Grouo. Coroorate
Net Premium Ea rned
Income from Investments Other Income
IFl Cron Insura nce
Ne t Premium Earned Income from Investments
16 472
2 016 t29l
566 1121
704
15624 2 268
6586 12191
754
14 6
1 2 750
1674
725 271
201
8
3 | 287 | |
1 | ||
59 | 627 | |
9 | 388 | 6 691 |
284 | 987 | |
11 | 75 1 | 745 |
3 009
272
47 525
Olher Income IFl Motor
Net Premium Earned
192 917
111
194 219
.
162 11 9
654 1
785 313
13491 | 2 | 78 1 |
3 | 1 | |
617 | 187 |
Income from Investments Other In com e
41618
41 -684
30906
174 866 65 596
123 887
65 518
13
39029
39 305
2
Premium Deficiency CAI Fire
Bl Mari ne
IC I Hea lth lnciudina Persona l Accident•
Cll Hea lth Retail
Clll Health Grouo. Coroorete
Clltl Health Govcmrnent Bu siness ID Miscellaneous mMisce ll aneous Retail
Iii Mlsoell aneous Grouo. .Coroorate
IE Croc Insurance
CF Mntor
3
Seamcnt Underwr l""" Profit/ ILossl:
.
.
- -
14 437 307
9099 266
12 209 11 0181
29 25413 749
15 755 13066
163
31
(5 4181 14g951 1 317
Ill Miscellaneous Retail
11 2491
I 549
5823048
1 7·34
3 568
IFl Motor
!Ill MiscelJ8Jeous Grouo. Coroorate fE l Cron Insurance
141 8331
4 923 1 424
138 809
2 243 817
23 120 78 71
1 739 1859381
6 700
7 002 1270 (33 087
l~ in lakhs)
3 months ended I As at
March 31, 2022
December 31, 2021
Year ended I As atYear ended I As atMarch 31 2021
March 31 2022
March 31 2021
Audited
Audited
Audited
4
Seoment Ooeratlno Profit/ fLossl: Al Fire
Bl Marine
I(Cl Health includinq Personal Accident*
m Health Re tail
llil Health Grouo Cornorate
(iiil Health Governmenl Busir>ess liDI Miscellaneous
(i) Miscellaneous Retail
(iii Miscellaneous Grouo. Comorate
I(El Crop Insurance llF Motor
5
Seamen! Technical Liabilities: Unexpired Risk Reserve .. Net ICAI Fire
8 639
1 270
379 (544
6 911
I/ Bl Marine llC Health inc!udi na Persona! Accide ot•
(i Health Relail
(ii) Health Grouo Coroora le
(iii Health Government Business
l
tD Miscella neous
(i) Miscellaneous Retail
(iil Miscellaneous Grouo. Coroorate
IIEl Cron Insurance llf Mclor
Outstanding Claims Reserves Including IBNR & JBNER - Gross
Al fire
Bl Marine ll Cl Health includino Personal Accident*Iii Health Retailn; i Health Grouo Comorate
(iii) Health Government Business ICDl Miscellaneous
Iii Mis cellaneous Re tail
(ii) Miscellaneous Grouo. Coroorate
ICEI Cro n Insurance llFI Motor
16 728
12 045
912
15 299
923 12 0301
1513
5 863
5 719
2032 303
4 657
1 109718
100
4 924 677
1.578
1 411
598
65 252
2 889
49151
45 272 8 595
48 518 10.735
~? 549 6 572
65 781
59 878
59 422
165 254
Audited
Audited
40 819 17691
111 156'
127 528!
5 023 16 373
1 393
154 524
45 2728 595
65 781
59
148 509
122 765
97
15
29 538
29 960
30 902
285 245
30.333
538
368 356
446
538
223 987
285
245
323 32,1
165 254 59
29 538
39 261
39 352
684
446
97 826
30 552
103 399 5,556
1 643864
397 004
104 882
39 261
-
80 941
97 826
31 960
32 195
30 552
98 636
88 .604
103 399
5 51;6 | 7,809 | ||
4 975 | 3 794 | ||
197 588 | 148 936 | 197.588 | 148 936 |
4~ %2 | 128 515 | 43 952 | |
1 198 232 | 1 643 864 | 1 198 232 |
11 301
7 8 09
4 975
4113 195 981
3 794
128 515
132 000 1597004
Footnote:
1 Segments include: (A) Fire, (B) Marine, (C) Health including Personal Accident - (i) Health Retail, (ii) Health Group, and (iii) Health Government Schemes, (D) Miscellaneous - (i) Retail, (ii) Group I Corporate, (E) Crop Insurance, (F) Motor
2 *includes Travel Insurance
~uf.1..VEo1
- v~ · J '
23 755
(989)
7 025
10 036
1 568
6 848 14,681
2 512
130 108
32 ,549 6 572
59 422
122 765 15
30 902 30.333
368 356
223 987 80.941
32 195
88 604
~IL : ~
~1~
( .
1 ' Fl..
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ICICI Bank Ltd. published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2022 20:59:15 UTC.