ICICI Lombard General Insurance Company Ltd Share Price (ICICIGI)

ICICI Lombard Reports Strong Financial Results - 19 Apr, 2024

ICICI Lombard General Insurance Company reported strong Q4 FY24 results with a 1.29% increase in topline and 18.89% YoY profit growth. The company also sustained its momentum with an 18% growth for the full financial year, nearly double the industry average. As of April 19, 2024, out of 21 analysts covering the company, 6 have given a Buy rating and 6 have given a Strong Buy rating.

ICICI Lombard Reports Strong Q4 Results - 18 Apr, 2024

ICICI Lombard General Insurance Company Ltd reports strong Q4 results with a 19% YoY increase in net profit and proposed final dividend of ₹6 per share for FY24. The company also reported financial improvement and optimistic commentary in Q4FY24 with 17% YoY growth in GWP and improved COR guidance. Despite bullish sentiment, some brokerages express reservations regarding the stock's potential for continued growth.

ICICI Lombard Reports Strong Q4 Results - 17 Apr, 2024

ICICI Lombard General Insurance reported a net profit of Rs 519 crore for Q4 FY24, up 19% YoY, and recommended a final dividend of Rs 6 per share. The company's gross direct premium income grew by 17.8% in FY24, beating industry growth rates. The combined ratio improved to 103.3% from 104.5% YoY.

ICICI Lombard to Announce Q4 FY24 Results This Week - 15 Apr, 2024

ICICI Lombard General Insurance Company Ltd is among the companies set to announce their Q4 FY24 results this week.

ICICI Lombard General Insurance Company Ltd Ownership Structure Analysis - 12 Apr, 2024

Public companies own 50% stake, institutions hold 30%, and ICICI Bank owns 50%. Insiders own less than 1%, while board members collectively own ₹3.0b worth of shares. The general public holds a 15% stake, including retail investors, and private companies hold 3.7%. Institutional ownership suggests positive analyst sentiment.

ICICI Lombard Partners with Policybazaar for Accessible Insurance Solutions - 10 Apr, 2024

ICICI Lombard General Insurance Company has entered into multiple strategic partnerships with digital insurance platform Policybazaar to offer its diverse range of insurance products on the latter's platform, providing accessible insurance solutions to millions of customers.

ICICI Lombard Partners with Policybazaar; Reports Strong Growth - 09 Apr, 2024

ICICI Lombard has entered into a strategic partnership with Policybazaar to offer accessible insurance solutions to nearly one crore customers. The company also reported strong growth, with an 18% increase in premiums for March and a 22% surge in Q4 FY24.

ICICI Lombard Showcases Technological Capabilities - 02 Apr, 2024

ICICI Lombard showcased its technological capabilities, including AI/ML, IoT, Cloud and Data Analytics, which are driving strong business transformation. The company is expected to achieve agility, efficiency, reliability, and security over the medium to long term without incurring substantial additional costs. Stock trades at 35.5x/29.8x its FY2025E/FY2026 EPS. Analysts maintain a Buy rating with a revised PT of Rs. 1,950.

ICICI Lombard Leverages Technology for Growth - 01 Apr, 2024

ICICI Lombard General Insurance Company is leveraging technology to improve growth and profitability, focusing on cloud migration, data analytics, and generative AI across business functions. Analysts have mixed views on the stock but see upside potential.

ICICI Lombard Outlines Digital Initiatives for Growth - 29 Mar, 2024

ICICI Lombard held an analyst meet to outline its digital initiatives, including the ILTakeCare app and RIA Chatbot/Voicebot. The company aims to increase its indemnity health market share from 3% to 4.5% in 3-5 years through product development and cross-selling. ~99.3% of policies are issued digitally, with a ~9.7% reduction in human touchpoints per policy. ICICI Lombard plans to continue investing in digital and tech initiatives to boost profitability.

ICICI Lombard General Insurance Company Ltd. Remains Positive - 27 Mar, 2024

Analysts maintain a Buy rating on ICICI Lombard General Insurance Company Ltd., with a one-year price target of Rs 1,900. The favorable trends in the auto industry will provide support to motor insurance premium growth even in slow auto sales growth.

ICICI Lombard General Insurance Stock Up by 18% - 22 Mar, 2024

Over the last three months, ICICI Lombard General Insurance's stock has risen by a significant 18%. The market rewards strong financials in the long-term, and investors are paying attention to ROE.

ICICI Lombard CEO Bhargav Dasgupta Steps Down After 14 Years - 21 Mar, 2024

Bhargav Dasgupta has stepped down as CEO and MD of ICICI Lombard General Insurance Company after achieving significant milestones during his tenure. Under his leadership, the company became the second-largest general insurer in terms of gross direct premium underwritten, with a market share of 8.76%. The company's IL TakeCare app achieved 8.5 million downloads by December 2023, indicating its growing digital prowess.