- ICICI Lombard’s net income for the fourth quarter was 5.1 billion rupees, marking a decrease of 1.9% year-over-year, and falling short of the estimated 6.12 billion rupees.
- A dividend of 7 rupees per share has been declared.
- Gross written premiums increased by 10% year-over-year to 69 billion rupees but did not meet the estimated 72.32 billion rupees.
- The combined ratio was slightly up at 102.5% compared to 102.3% year-over-year, missing the estimated 101.5%.
- The solvency ratio improved significantly to 269% from the previous quarter’s 236%.
- Analyst recommendations include 20 buy ratings, 6 hold ratings, and 2 sell ratings.
A look at ICICI Lombard General Insurance Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ICICI Lombard General Insurance Company Limited, a leading insurance provider in India, shows a promising long-term outlook based on its Smartkarma Smart Scores. With solid scores in Dividend, Growth, Resilience, and Momentum, the company seems well-positioned for sustained success. The high marks in these key areas suggest that ICICI Lombard General Insurance is on a path of stable growth, profitability, and shareholder return, reflecting a strong overall performance in the market.
Operating as an insurance company, ICICI Lombard General Insurance offers a wide range of insurance products such as motor, health, travel, and home insurance, catering to the diverse needs of customers in India. Known for its efficient claim settlement and renewal services, the company has established itself as a trusted provider in the insurance sector. With the combination of its robust business model and positive Smart Scores, ICICI Lombard General Insurance appears to be well-equipped to navigate the dynamic insurance landscape and deliver value to its stakeholders in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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