ICICI Lombard General Insurance Company Ltd News

ICICI Lombard Q2 FY25 results: Net profit increases 20% to Rs 693 crore

The gross direct premium income (GDPI) rose 10.4 per cent Y-o-Y to Rs 6,721 crore from Rs 6,086 crore

ICICI Lombard Q2FY25 results: Net profit jumps 20% to Rs 694 crore

ICICI Lombard General Insurance on Friday reported a 20 per cent increase in net profit to Rs 694 crore for the second quarter ended September 2024. The insurer had earned a net profit of Rs 577 crore in the year-ago period. Its total income in the quarter rose to Rs 5,850 crore from Rs 5,049 crore in the year-ago period, ICICI Lombard said in a regulatory filing. The company's written gross premium also rose to Rs 6,948 crore in the second quarter of this fiscal compared to Rs 6,272 crore a year ago. Its net premium earned rose to Rs 4,835 crore against Rs 4,240 crore in the same quarter a year ago, it said. The total expenditure of the company during the period under review increased to Rs 5,186 crore from Rs 4,452 crore in the corresponding period a year ago. The board also declared an interim dividend of Rs 5.5 per equity share or 55 per cent of the value of Rs 10 each for the first half of the current fiscal. ICICI Lombard's solvency ratio was 265 per cent at the end of Sep

FIIs least bullish since June; OI in Nifty futures down at 3 lakh contracts

Derivatives market update Oct 17: FIIs long-short ratio in index futures dropped to 0.5 its lowest point since June 07. Among stocks, ICICI General Insurance and CoForge saw short build-up yesterday.

GST indecision pressure insurance stocks; HDFC Life, SBI Life shed up to 4%

The GST Council has announced the formation of a new Group of Ministers to review the issue of GST rate reduction on health insurance.

Time to book profit in insurance stocks as GST meet looms? Key levels here

Star Health, ICICI Lombard, ICICI Pru Life, SBI Life and HDFC Life stocks have zoomed up to 28% so far in the September quarter. Time to keep track of these key pivot points as per technical charts.

CDSL, Allcargo, Minda Corp: These 5 overbought stocks can fall up to 13%

Trading strategies for overbought stocks: Minda Corp, Allcargo Logistics, Vijaya Diagnostic, CDSL and ICICI Lombard General Insurance are trading in overbought territory with a RSI reading of above 70

Go Digit, Star Health extend rally after Jefferies initiates coverage

In the past two trading sessions, Go Digit's stock increased up to 3 per cent. Including today's gain, it reached an intraday high of Rs 370 on Monday.

ICICI Lombard focuses on product innovation to increase retail share

ICICI Lombard General Insurance on Thursday said it is focusing on product innovation to increase its retail share in the health insurance segment. The private insurer reported a retail health insurance market share of 2.9 per cent, while its group insurance share stood at 11.4 per cent. "We are working on increasing our retail share, and in this endeavour, we are constantly innovating our products. Our new offering, the Elevate Health policy, which includes several industry-first features and uses AI for product advice, is expected to drive our retail sales," ICICI Lombard VP (Health Agency) Amrish Sawe said. He also noted that the current retail share of the health insurance industry is 39 per cent, but by 2030-31, this mix is expected to rise to 46 per cent. However, Sawe did not disclose the retail share of premiums within the company's health portfolio. In FY'24, the gross written premium for the health industry was Rs 1,07,800 crore, and this is projected to nearly triple to

ICICI Lombard Q1 results: PAT up 49% to Rs 580 cr on motor insurance boost

Profit after tax rose to 5.80 billion rupees ($69.4 million) for the quarter ended June 30 from 3.90 billion rupees a year earlier, the company said in an exchange filing