- ICICI Lombard reported a net income of 7.24 billion rupees for the third quarter, which is a 68% increase year over year.
- The net income surpassed the market estimate of 6.35 billion rupees.
- The gross written premiums for the period stood at 64.7 billion rupees, reflecting a marginal increase of 0.5% compared to the previous year.
- This premium figure exceeded the market estimate, which was significantly lower at 32.37 billion rupees.
- The company’s combined ratio, a measure of profitability, improved slightly to 102.7% from 103.6% year over year, and was better than the estimated 103.3%.
- ICICI Lombard’s solvency ratio, a measure of financial stability, was recorded at 236%, showing a decline from 265% in the previous quarter.
- Following the earnings report, shares of ICICI Lombard rose by 2.1% to 1,949 rupees, with a trading volume of 830,712 shares.
- Among analysts, there are 19 buy recommendations, 6 hold recommendations, and 3 sell recommendations for ICICI Lombard’s stock.
A look at ICICI Lombard General Insurance Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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 prominent insurance provider in India, shows a promising long-term outlook based on the Smartkarma Smart Scores. With strong ratings in Dividend, Growth, Resilience, and Momentum, the company demonstrates robust performance across various key factors. A notable aspect is the high score in Dividend, indicating a favorable distribution of profits to shareholders, boosting investor confidence in the company’s financial health.
Operating in the insurance sector, ICICI Lombard General Insurance focuses on a range of insurance services including motor, health, travel, and home insurance. The company’s emphasis on growth, resilience, and momentum aligns well with its strategic positioning in the market. These factors collectively contribute to a positive outlook for ICICI Lombard General Insurance Company, showcasing its potential for sustained performance and value creation for stakeholders.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
