ICICI Lombard General Insurance (CMP: Rs 1,473 Mcap: Rs 66,975 crore) has reported a 62 per cent drop in year-on-year (YoY) profits in Q1 FY22. The profit was much lower than the estimates of the Street mainly because of the spike in Covid-related health claims. The non-life insurer reported an underwriting loss in Q1 FY22, which was offset by higher investment income, leading to a subdued profit during the quarter. While higher health claims adversely impacted the performance in Q1...
Moneycontrol Pro Panorama | View from atop the 60K peak
Aug 18, 2022 / 04:41 PM IST
In today’s edition of Moneycontrol Pro Panorama: Misuse of police, bright spots on recovery radar, the metal blues, green code for startups, politics behind freebie politics and moreRead Now
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