Earnings Summary Of ICICI Lombard General Insurance For Q3 FY23

ICICI Lombard General Insurance (NSE: ICICIGI) is one of the leading general insurance companies in India, offering a wide range of insurance products including motor, health, travel, home, and personal accident insurance. The company was founded in 2001 as a joint venture between ICICI Bank Limited and Fairfax Financial Holdings Limited. The company has a strong distribution network, with over 10,000 branches and over 5000 partner organizations. In terms of earnings, Revenue from Operations for Q3 FY23 was ₹4,362 crore, a 13% increase from ₹3854.14 crore in the same period last year. Meanwhile, the Profit Before Tax improved to ₹465.26 Crore from ₹420.94 Crore from the same quarter previous year. The Consolidated Net Profit was ₹352.53 crore, up 11% from ₹317.53 crore in the same quarter last year. This quarter’s earnings per share was ₹7.17.