Q4FY22 Result Update - ICICI Lombard General Insurance - ICICI Direct

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Q4FY22 Result Update - ICICI Lombard General Insurance - ICICI Direct
Posted On: 2022-04-22 22:33:43 (Time Zone: IST)

ICICI Lombard reported a mixed performance. - Gross direct premium growth was 4.5% QoQ to Rs. 5000 crore - Commissions declined 21% QoQ to Rs. 160 crore while claims increased 4% sequentially to Rs. 2389 crore - Combined ratio fell 130 bps QoQ to 103.2%; underwriting loss at Rs. 309 crore - Overall PAT came in at Rs. 312 crore, down 9.6% YoY and 1.6% QoQ Key triggers for future price performance - Indian non-life insurance is highly under penetrated - Shift in focus towards market share; open to lower RoE - Combined ratio to take precedence on loss ratio in business selection - Investment in digital and agency channel to aid distribution strength and business growth For details, click on the link below: Link to the report Shares of ICICI Lombard General Insurance Company Limited was last trading in BSE at Rs. 1317.60 as compared to the previous close of Rs. 1400.30. The total number of shares traded during the day was 55049 in over 3389 trades. The stock hit an intraday high of Rs. 1358.00 and intraday low of 1313.40. The net turnover during the day was Rs. 73083796.00.
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