Categories AlphaGraphs, Earnings, Finance, Trending Stocks

ICICI Lombard General Insurance Co Ltd. for Q3FY23 reports an 11% growth in Profits

Gross Direct Premium Income for 32 FY23 has increased by 17% YoY to ₹ 54.93 billions. Profit After Tax rose by 11% YoY to ₹ 4.65 billions. Income from Premiums grew by 15% YoY and Income from Investments grew by 9% YoY for Q3 FY 2023. Combined Ratio fell to 104.5% from 104.4% a year ago in the corresponding quarter.

Return on Average Equity for Q3FY23 is 14.3%. Profit Before Tax (PBT) rose to ₹ 3.53 Billions showcasing an 11% rise on an YoY basis. 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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