Categories AlphaGraphs, Earnings, Finance, Trending Stocks
ICICI Lombard General Insurance Co Ltd. for Q2FY23 reports a 32% growth in Profits
Total Income for Q2 FY23 has increased by 18% YoY to ₹ 4,49,903 lakhs. Profit After Tax rose by 32% YoY to ₹ 59,053 lakhs. Income from Premiums grew by 18% YoY and Income from Investments grew by 15% YoY for Q2 FY 2023. Combined Ratio fell to 105.1% from 105.3% a year ago in the corresponding quarter.
Return on Average Equity grew to 24.5%. Profit Before Tax (PBT) rose to ₹ 6.1 Billions from ₹ 5.94 Billions a year ago in the corresponding quarter. In this quarter’s investor presentation, firm showcases it’s strong profitability.
To further read a detailed analysis of the company, check out this link.
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