ICICI Lombard General Insurance has posted robust Q2 results, showcasing strong growth across key financial metrics. The company reported a net profit of ₹819.5 crore, marking an impressive 18.1% increase compared to ₹693.9 crore in the same quarter last year. Its total income rose 12.5% to ₹6,582.7 crore, up from ₹5,850 crore YoY, reflecting steady business expansion.
Gross premiums grew 1.6% to ₹7,058.9 crore, indicating stable underwriting performance. The combined ratio stood at 105.1%, slightly higher than last year’s 104.5%, showing the company’s balanced approach to risk management.
In a positive development for investors, ICICI Lombard approved an interim dividend of ₹6.5 per share, underlining its commitment to shareholder returns.
In the meantime, ICICI Lombard shares closed at ₹1,865.00 today. The stock opened at ₹1,838.00, touched an intraday high of ₹1,865.00, and a low of ₹1,831.40. Over the past 52 weeks, the share has seen a high of ₹2,145.00 and a low of ₹1,613.70.
Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.
