ICICI Lombard General Insurance Co Ltd has on April 17 reported a net profit of Rs 519 crore for the quarter ended March 31, 2024, a 19 percent year-on-year rise versus Rs 436 crore in the year-ago period.
The net premium written increased to Rs 4,767 crore from Rs 4,047 crore a year ago, a jump of 18 percent YoY. The company's solvency ratio too improved, coming in at 2.62 percent compared to 2.51 percent year-on-year.
Additionally, the company's Board recommended a final dividend of Rs 6 per share.
On April 16, the insurer's shares on BSE closed trading 1.46% higher at Rs 1,654. Markets were shut on April 17 on the occasion of Ram Navami.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
