- ICICI Lombard’s net income for the second quarter is 5.77 billion rupees, a decrease of 2.4% compared to the previous year. However, it surpassed the estimated net income of 4.8 billion rupees.
- The company has declared a dividend of 5 rupees per share.
- The gross written premiums have increased by 18% year-on-year, amounting to 62.72 billion rupees.
- The combined ratio, which indicates the profitability of the insurance company, has improved from 105.1% to 103.9% year-on-year.
- The solvency ratio, a measure of the risk an insurer faces of claims that it cannot absorb, has also increased from 253% to 259% quarter-on-quarter.
- Among the analysts, 18 recommend buying ICICI Lombard’s stock, 6 recommend holding it, and 3 recommend selling it.
- All comparisons to past results are based on values reported by the company’s original disclosures.
A look at ICICI Lombard General Insurance Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
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 is a leading insurance provider in India, offering motor, health, travel, rural, business, third party, personal accident, and home insurance services. According to the Smartkarma Smart Scores, the company has a long-term outlook that is positive. With a Value score of 2, a Dividend score of 3, a Growth score of 3, a Resilience score of 4, and a Momentum score of 2, ICICI Lombard General Insurance Company is well-positioned to navigate the future with confidence.
The company’s strong Resilience score reflects its ability to weather difficult times. ICICI Lombard General Insurance Company has proven to be a reliable and secure partner for its customers, and is well-poised to continue to serve its customer base with quality products and services for years to come.
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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