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ICICI Lombard General Insurance Company Ltd Q2FY24; 2% fall in Profits

ICICI Lombard General Insurance Co. Ltd is one of the leading and established private sector general insurance companies in India. It offers a well-diversified range of products and risk management solutions through multiple distribution channels.

Financial Results:

  • ICICI Lombard General Insurance Company Ltd reported Revenues for Q2FY24 of ₹5,251.00 Crores up from ₹4,669.00 Crore year on year, a rise of 12.47%.
  • Total Expenses for Q2FY24 of ₹4,507.00 Crores up from ₹4,095.00 Crores year on year, a rise of 10.06%.
  • Consolidated Net Profit of ₹577.00 Crores down 2.37% from ₹591.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹11.75, down 2.25% from ₹12.02 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Insurance
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