Retail health and motor rebound power insurer’s Q4 surge; profitability discipline keeps premium valuation intact
On a one-nine (1/n) basis, profit after tax (PAT) stood at Rs 659 crore, compared with Rs 724 crore in the year-ago quarter. PAT came in at Rs 680 crore.
ICICI Lombard General Insurance Q3 Results: ICICI Lombard clarified that the information was still in draft form and subject to change as the audit process is ongoing.
The insurer’s premium valuation is likely to hold up despite growth slowdown, thanks to its strong focus on profitability
Given that ICICI Lombard’s market share in the retail health business is a mere 3.5 percent compared to over 30 percent for Star Health and over 9 percent for HDFC ERGO, there is a long runway for growth.
ICICI Lombard share price: The company reported a 28.7 percent rise in net profit to Rs 747.08 crore compared to Rs 580.37 crore in the same quarter last year
For FY25, the company’s PAT rose 30.7 percent to Rs 2,508 crore, up from Rs 1,919 crore in FY24
Life insurers may see lower VNB margins, while general insurers may face weak profits due to high claims, analysts say.
Over the past few years, the insurer has strengthened its market position by accelerating both organic and inorganic growth. However, in the retail health business the company has a lot of catching-up to do
On sequential basis, net profit rose 4.39 percent.
ROE track record and cheaper valuation work in favour of the bank-backed insurer
The notice, under Section 73(1) of the Central Goods and Services Tax Act, 2017, demands the company to provide clarifications regarding an alleged GST liability for the fiscal year 2019-2020
ICICI Lombard shares settled 3.63 percent lower at Rs 1,660 on May 9.
One of the key performance catalysts will be the growth in the health business
Although the private life insurer achieved healthy premium growth for the fiscal year 2023-24, brokerages collectively anticipate a slowdown in growth beginning FY25
ICICI Lombard Q4 results: The net premium written increased to Rs 4,767 crore, a jump of 18% YoY
Bharti Enterprises sold 1.26 percent stake in ICCI Lombard while ICICI Bank picked up 1.41 percent equity stake
ICICI Lombard reported net premium income of Rs 4,690 crore, beating market expectations of Rs 4,376 crore. Net profit was up by 22.4 percent from the year-ago period
ICICI Lombard General Insurance Q3: The net premium income of the insurer came in at Rs 4690 crore, beating market expectations of Rs 4376 crore.
ICICI Lombard Q3 combined ratio is likely to remain elevated at 104 percent due to the impact of Chennai floods. However, this is going to be an industry-wide trend
The combined ratio is the sum of incurred losses and operating expenses measured as a percentage of earned premium. A lower combined ratio means the company is doing better financially
ICICI Lombard General Insurance is making overall profit as underwriting loss is getting offset by higher investment income
ICICI Lombard General Insurance, which received notice from DGGI for not paying Rs 1,730 crore in tax from July 2017 to March 2022, plans to contest the demand
Order wins to appointments, here's how these stocks reacted to the company updates at the open on September 22.
According to the shareholding pattern of the ICICI Lombard General Insurance, the Bank had 48.01 percent stake in the company as of June 2023. The additional stake buying will make ICICI Lombard a subsidiary of the bank.