Moneycontrol PRO

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

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...

  • PRO Panorama

    Moneycontrol Pro Panorama | Vistara-Air India merger: Indian aviation is flying into interesting times

    Nov 30, 2022 / 02:47 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Oil price caps seem futile, demands for benefit pensions gather steam, OPEC cuts oil production amid China crisis, what Q2 GDP says about Indian economy, and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Outrunning the bear

    Nov 5, 2022 / 01:07 PM IST

    As the economies try their best to ward off a hard landing, India comes out as an outlier. It’s a classic case of just staying the course amid difficult times

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers