{"id":128577,"date":"2022-04-22T07:03:34","date_gmt":"2022-04-22T11:03:34","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128577"},"modified":"2022-10-05T06:34:23","modified_gmt":"2022-10-05T10:34:23","slug":"icici-lombard-general-insurance-company-limited-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/icici-lombard-general-insurance-company-limited-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"ICICI Lombard General Insurance Company Limited Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"ICICI Lombard General Insurance Company Limited Q4 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/PRs3IUKo6RM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from ICICI Lombard General Insurance Company Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/ICICIGI\/\">ICICIGI<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Shreya Shivani from CLSA asked about TP rate hike and how comfortable is ICICIGI with the kind of hike that the regulator has proposed. Bhargav Dasgupta MD replied that it\u2019s different across different segments, but the long-term TP rate hike is a bit higher. Given the general inflation, ICICIGI would have liked to see slightly higher rate in certain categories. This will come around May.<\/li>\n<\/ul>\n<ul>\n<li>Shreya Shivani of CLSA also asked that given the underlying car sales is still weak, how much proportion of motor TP book is private cars. Gopal Balachandran CFO said that the split of OD and TP, which is roughly about INR40.68 billion is own damage and about INR42.12 billion is third party. Within that INR42.12 billion, private car third party will be about INR13.49 billion.<\/li>\n<\/ul>\n<ul>\n<li>Shreya Shivani with CLSA enquired about the fire loss ratios which has come down quite dramatically in 4Q22. Gopal Balachandran CFO said that on fire loss ratio\u2019s share, a quarterly loss ratio may not necessarily be reflective of the underlying outcome of the performance. Looking at annual numbers would give a better perspective.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Saraf of Jefferies asked about the share of calamity losses going up in FY22. Bhargav Dasgupta MD said that for cyclone Tauktae it was up but otherwise the share of losses were significantly lower than ICICIGI\u2019s normal market share.<\/li>\n<\/ul>\n<ul>\n<li>Madhukar Ladha of Elara Capital asked about the company\u2019s expectation on the integration with Bharti and the expense ratios and its outlook. Bhargav Dasgupta MD replied it\u2019s very difficult to put out a number. However, ICICIGI said it would want to continue to kind of stay invested in building some of its expansion plans.<\/li>\n<\/ul>\n<ul>\n<li>Prayesh Jain with Motilal Oswal enquired about the health claim ratios on the retail side, particularly on the group health. Gopal Balachandran CFO replied that the split of the corporate book (employer-employee portfolio) was 93.1% for 3Q and 95.3% in 4Q. And on the retail indemnity book, the loss ratio in 3Q was about 65.7% and 4Q was about 57.6%.<\/li>\n<\/ul>\n<ul>\n<li>Sanketh Godha from Spark Capital Advisors asked about price hike in motor OD, if it\u2019s limited to new business or renewal premium too. Bhargav Dasgupta MD answered that it\u2019s largely for new private cars.<\/li>\n<\/ul>\n<ul>\n<li>Neeraj Toshniwal from UBS Securities asked about the motor TP hike on the aggregate level. Bhargav Dasgupta MD answered that for 4Q22 it was roughly about 3%.<\/li>\n<\/ul>\n<ul>\n<li>Chetan Thakkar from ASK Investment asked that on the health side, how should one view combined over a longer term, both for group and retail put together. Bhargav Dasgupta MD said that it stays just a shade above 100%, between 100% to 105%. On the retail, ICICIGI said it\u2019s investing and it will take about a couple of years to see that coming in line with the company\u2019s numbers.<\/li>\n<\/ul>\n<ul>\n<li>Hitesh Gulati from Haitong Securities asked that out of the 88,000 agents, how many would be selling health for ICICIGI. \u00a0Gopal Balachandran CFO answered that the number of health agents within the 88,000 number will be about 6,000.<\/li>\n<\/ul>\n<ul>\n<li>Nidhesh Jain of Investec asked that in new private cars segment, has ICICIGI lost market share or gained market share in last one year. Bhargav Dasgupta MD said that in the nine months, the company lost market share. IN 4Q22, ICICIGI has not lost as much but lost a little bit in the private car side.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from ICICI Lombard General Insurance Company Limited (ICICIGI) Q4 FY22 Earnings Concall Q&amp;A Highlights: Shreya Shivani from CLSA asked about TP rate hike and how comfortable is ICICIGI with the kind of hike that the regulator has proposed. Bhargav Dasgupta MD replied that it\u2019s different across different segments, but the long-term TP rate [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[1792,8233],"class_list":["post-128577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-financial-services","tag-insurance-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143813,"url":"https:\/\/alphastreet.com\/india\/icici-lombard-general-insurance-company-limited-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128577,"position":0},"title":"ICICI Lombard General Insurance Company Limited Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"April 19, 2023","format":false,"excerpt":"https:\/\/youtu.be\/R_R6giPfCRU Key highlights from ICICI Lombard General Insurance Company Limited (ICICIGI) Q4 FY23 Earnings Concall Management Update: [00:04:22] During 4Q23, ICICIGI said it experienced robust growth in its commercial lines segment, driven by a 15.9% increase in the SME segment. [00:05:17] ICICIGI\u2019s motor segment saw a de-growth of 11.5%, while\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":134931,"url":"https:\/\/alphastreet.com\/india\/icici-lombard-general-insurance-company-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128577,"position":1},"title":"ICICI Lombard General Insurance Company Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 19, 2022","format":false,"excerpt":"https:\/\/youtu.be\/-VBJGGiJZvY Key highlights from ICICI Lombard General Insurance Company Limited (ICICIGI) Q2 FY23 Earnings Concall Q&A Highlights: [00:14:23] Swarnabha Mukherjee of B&K Securities asked about the sequentially higher retention level during 2Q23 in flow-through from gross written premium to net earned premium. Gopal Balachandran CFO answered that 1Q is typically\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":171496,"url":"https:\/\/alphastreet.com\/india\/icicigi-q2-fy26-earnings-results\/","url_meta":{"origin":128577,"position":2},"title":"ICICIGI Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"October 14, 2025","format":false,"excerpt":"Company Overview ICICI Lombard General Insurance is a leading private sector general insurer in India, offering a diversified product portfolio and risk management solutions through various distribution channels. Q2 FY26 Earnings Results ICICI Lombard reported revenues of \u20b97,735 crore for Q1 FY26, a marginal increase of 0.6% year-on-year (YoY). Total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"ICICIGI Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/ICI.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/ICI.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/ICI.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/ICI.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/ICI.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/ICI.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":160344,"url":"https:\/\/alphastreet.com\/india\/icici-lombard-general-insurance-company-limited-q4-fy24-earnings-conference-call-insights\/","url_meta":{"origin":128577,"position":3},"title":"ICICI Lombard General Insurance Company Limited Q4 FY24 Earnings Conference Call Insights","author":"Praveen","date":"April 17, 2024","format":false,"excerpt":"Key highlights from ICICI Lombard General Insurance Company Limited (ICICIGI) Q4 FY24 Earnings Concall Auto Industry Trends Private car sales robust at 4.2 million units, aided by improved supply and sustained demand. Shift in customer preference towards SUVs, contributing 49% of private car sales. Two-wheeler sales grew 25% in Q4\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":143780,"url":"https:\/\/alphastreet.com\/india\/icici-lombard-general-insurance-q4-fy23-net-profit-increased-by-40\/","url_meta":{"origin":128577,"position":4},"title":"ICICI Lombard General Insurance Q4 FY23; Net Profit Increased By 40%","author":"Hardik Bhandare","date":"April 18, 2023","format":false,"excerpt":"ICICI Lombard General Insurance Company Limited (NSE: ICICIGI) reported Total Income for Q4 FY23 of \u20b95,255.58 Crore up from \u20b94,636.34 Crore year on year, a growth of 13.3%. Consolidated Net Profit of \u20b9436.96 Crore, up 39.8% from \u20b9312.51 Crore in the same quarter of the previous year. The Earnings per\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/daa7c91e-f5d4-4426-97cf-993e9edb34a4-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/daa7c91e-f5d4-4426-97cf-993e9edb34a4-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/daa7c91e-f5d4-4426-97cf-993e9edb34a4-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/daa7c91e-f5d4-4426-97cf-993e9edb34a4-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/daa7c91e-f5d4-4426-97cf-993e9edb34a4-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/daa7c91e-f5d4-4426-97cf-993e9edb34a4-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":128568,"url":"https:\/\/alphastreet.com\/india\/icici-lombard-general-insurance-company-limited-icicigi-q4-fy22-earnings-concall-transcript\/","url_meta":{"origin":128577,"position":5},"title":"ICICI Lombard General Insurance Company Limited (ICICIGI) Q4 FY22 Earnings Concall Transcript","author":"Praveen","date":"April 21, 2022","format":false,"excerpt":"ICICI Lombard General Insurance Company Limited (NSE: ICICIGI) Q4 2022 earnings concall dated Apr. 21, 2022 Corporate Participants: Bhargav Dasgupta\u00a0--\u00a0Managing Director and Chief Executive Officer Gopal Balachandran\u00a0--\u00a0Chief Finance Officer and Chief Risk Officer Analysts: Shreya Shivani\u00a0--\u00a0CLSA -- Analyst Abhishek Saraf\u00a0--\u00a0Jefferies -- Analyst Madhukar Ladha\u00a0--\u00a0Elara Capital -- Analyst Prayesh Jain\u00a0--\u00a0Motilal Oswal\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128577"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}