Categories AlphaGraphs, Earnings, Finance, LATEST

ICICI Lombard General Insurance Co Ltd. for Q1FY23 reports an 80% growth in Profits

Total Income for Q1 FY23 has increased by 4% YoY to ₹3,97,829 lakhs. Profit After Tax rose by 80% YoY to ₹34,903 lakhs. Income from Premiums grew by 10% YoY but Income from Investments fell by 27% YoY for Q1 FY 2023. Combined Ratio fell to 104.1% from 123.5% a year ago.

Return on Average Equity grew to 15%. Profit Before Tax (PBT) rose to ₹3.49 Billions from ₹1.94 Billions a year ago. In this quarter’s investor presentation, firm showcases it’s strong profitability.

To further read the previous quarter’s results, check out this link.

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