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    ICICI Lombard Q2 FY23 — Robust premium growth a key positive

    The insurer’s premium valuation will sustain on the back of its market leading share, fairly diversified product mix, strong multi-channel distribution network, solid technological prowess, strong solvency profile, and healthy profitability

    Neha Dave
    October 19, 2022 / 03:52 PM IST
    ICICI Lombard Q2 FY23 — Robust premium growth a key positive

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights Solid premium growth, gains market share Tepid growth in motor segment amid stiff competition Health insurance growth driven by group segment Combined ratio flat despite the rise in claims ratio Expenses ratio declines and supports profitability Investment income supports earnings  Valuations rich but sustainable given superior franchise ICICI Lombard General Insurance (CMP: Rs 1,150; Mcap: Rs 56,461 crore) has reported strong earnings in the second quarter of FY23 (Q2 FY23), aided by market share gains and a control on expenses. Net profit in Q2 was boosted...

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