ICICI Lombard General Insurance Company Ltd (ICICIGI)

ICICI Lombard Reports Strong Earnings Amid Industry Growth - 23 Jul, 2024

ICICI Lombard General Insurance Company Ltd reported strong Q1 FY25 earnings with premium growth much above industry growth and a lower combined ratio. The insurance company is also hopeful for tax rule adjustments and amendments to the Insurance Act.

ICICI Lombard Reports Strong Q1 Results and Receives Positive Analyst Calls - 22 Jul, 2024

ICICI Lombard General Insurance Company Ltd reports strong Q1 results with a 48.7% YoY increase in profit and a 19.8% growth in gross premium written. Morgan Stanley and Motilal Oswal have positive calls on the stock.

ICICI Lombard Reports Strong Q1 Results - 20 Jul, 2024

ICICI Lombard General Insurance Company reports strong Q1 FY25 results with an 18.08% YoY increase in total income and a 48.68% YoY surge in net profit. The company's gross direct premium income (GDPI) grew by 20.37% YoY, higher than the industry growth of 13.3%. ICICI Lombard's stock slipped 1.50% on Friday, 19 July 2024.

ICICI Lombard Reports Strong Q1 Results - 19 Jul, 2024

ICICI Lombard's Q1 FY25 net profit jumps 49% YoY to Rs.580.37 crore, beating street expectations. Gross premium written rises 21% YoY.

ICICI Lombard General Insurance Company Ltd Stock Trades 0.36% Up - 16 Jul, 2024

Shares of ICICI Lombard General Insurance Company Ltd traded at Rs 1882.8, up by 0.36%. The stock has climbed 54.89% in the last one year till date. For Q4 FY24, the company reported consolidated sales of Rs 5395.46 crore and net profit of Rs 519.5 crore. Promoters held 51.27% stake in the company as of 31-Mar-2024.

ICICI Lombard Reports Strong Premium Growth in Q1 - 10 Jul, 2024

ICICI Lombard General Insurance Company Ltd reported strong premium growth in Q1, with a 20% YoY increase and a rise in market share. The insurer also expects to deliver a higher combined ratio compared to last year.

ICICI Lombard Stock Surges on Strong Premium Collections - 09 Jul, 2024

ICICI Lombard General Insurance Company's stock surged 2% near its 52-week high on the back of strong premium collections. The company saw 16% YoY growth in June premiums and clocked 20% YoY growth in Q1FY25. Analysts maintain a positive outlook with a target price of Rs 1,898 apiece.

ICICI Lombard Upgraded by CLSA; Stock Hits All-Time High - 03 Jul, 2024

Global brokerage firm CLSA has upgraded ICICI Lombard to Outperform from Hold and raised the target price to Rs 2,000 per share. The company's motor insurance premiums registered 31% YoY growth in 2MFY25, far ahead of the industry average. Analysts expect momentum in the motor book to persist, with premiumisation of cars and benefits from the Motor Vehicle Act aiding it.

ICICI Lombard Launches New Health Insurance Product - 02 Jul, 2024

ICICI Lombard's entry into the underpenetrated retail health market with its latest product Elevate has received a positive response from analysts. The unlimited sum insured and customization options in Elevate could significantly bolster ICICI Lombard's current 3% market share in retail health. Shares rose over 1% to near their 52-week high of Rs 1,832 per share.

ICICI Lombard Launches Surety Insurance for Infrastructure Sector - 01 Jul, 2024

ICICI Lombard has launched Surety Insurance, offering customised solutions for businesses in India's infrastructure sector. The products offer conditional and unconditional options, empowering businesses to choose the right fit for their specific requirements. By securing surety insurance, businesses can establish themselves as credible and reliable partners, improve financial flexibility, and unlock opportunities to compete for larger projects.

ICICI Lombard Stock Rises for Fifth Straight Session - 27 Jun, 2024

ICICI Lombard General Insurance Company Ltd has seen a steady rise in its stock price over the past month, with a 10% increase and a study on ROE to determine its influence on the market. The stock also rose for the fifth consecutive session, adding around 9.45% in the last month.