Result Q1 FY 2020-21

ICICI Lombard General Insurance Company Limited – one of the leading private sector non-life insurers in India has announced its results after market hours yesterday, 17 July 2020.

The insurance company’s total income rose nearly 2 per cent to INR 2844.17 Cr in Q1 June 2020 compared with INR 2791.08 Cr in Q1 June 2019.

ICICI Lombard General Insurance Company reported a 28.5 per cent rise in net profit to INR 398.1 Cr in Q1 June 2020 compared with INR 309.81 Cr in Q1 June 2019.

Gross Direct Premium Income (GDPI) of the Company stood at INR 3302 Cr in Q1 FY 2021 compared to INR 3487 Cr in Q1 FY 2020, a de-growth of 5.3 per cent.

Excluding crop segment, Gross Direct Premium Income of the Company declined to INR 3274 Cr in Q1 FY 2021 compared to INR 3488 Cr in Q1 FY 2020, registering a de-growth of 6.2 per cent. The de-growth across the industry was mainly due to the Covid-19 pandemic.

The combined ratio stood at 99.7 per cent in Q1 compared to 100.4 per cent in the year-ago period.

Capital gains were lower by 56.1 per cent at INR 60 Cr in Q1FY21 compared to INR 138 Cr in the year-ago period.

Return on Average Equity (ROAE) was 25.1 per cent in Q1 FY 2021 compared to 23 per cent in Q1 FY 2020.

The solvency ratio was 2.50x on June 30, 2020, as against 2.17x on March 31, 2020, and higher than the minimum regulatory requirement of 1.50x.

Shares of ICICI Lombard General Insurance rose 3.09 per cent at INR 1288.30 on the NSE Friday, 17 July 2020, while the number of shares traded was 738845.

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18 October, 2019

Update: Q2 Result FY 2019-20

ICICI Lombard General Insurance Ltd – the 4th largest non-life insurer in India has posted its Q2 numbers on October 18, 2019, after the market hours.

The Company posted a 5% year-on-year increase in its September quarter (Q2) net profit at INR 307.91 Cr as against a profit of INR 293.10 Cr last year. However, the Q-O-Q profit de-grew by 0.6% (INR 309.81 Cr for the period ended June 2019)

Total Income of the company grew by 6.5% Y-O-Y basis (INR 2738.92 Cr for the period ended 30 September 2019 as against INR 2571.73 CR for the same period last year). The Q-O-Q profit grew by 2.81% (INR 2664.15 CR)

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Gross Direct Premium Income (GDPI) of the Company stood at 64.40 billion in H1 FY 2020 compared to 73.05 billion in H1 FY 2019, a de-growth of 11.8%. Excluding the crop segment, GDPI of the Company increased to 63.86 billion in H1 FY 2020 compared to 54.95 billion in H1 FY 2019, registering a growth of 16.2%. This was higher than the industry growth (excluding crop segment) of 14.4%.

Return on Average Equity (ROAE) was 22.3% in H1 FY 2020 compared to 24.4% in H1 FY 2019 while ROAE was 22.0% in Q2 FY 2020 compared to 23.9% in Q2 FY 2019.

The Solvency ratio was 2.26x at September 30, 2019, as against 2.20x at June 30, 2019, and higher than the minimum regulatory requirement of 1.50x. The Solvency ratio was 2.24x at March 31, 2019.

The board of the company has announced a payment of an interim dividend of INR 3.50 per equity share of the face value of INR 10 each, for the half-year ended on September 30, 2019.

Check icici lombard share price

11 September 2017

ICICI Lombard General Insurance Ltd – one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of Rs 109.60 billion for the year ended March 31, 2017, is planning to raise INR 5700.94 crores via initial public offer (IPO).

ICICI Lombard General Insurance Ltd: Company Profile

Incorporated in the year 2000, ICICI Lombard General Insurance Company Limited founded as a joint venture with ICICI Bank Limited is engaged in providing various general insurance products and services in India.

Working Area

• The Company mainly offers aviation, casualty, engineering, energy, fire, home, hull, health, liability, motor, marine, personal accident, rural, travel, and credit insurance products and services.
• They also provide insurance claims management, reinsurance, and investment management services.
• The Company was the largest private sector non-life insurer in India based on gross direct premium income in fiscal 2017.
• They provide services to individual customers, rural customers, state and central governments or government-owned enterprises, small and medium enterprises, and conglomerates through a range of channels, such as agents, brokers, bancassurance, direct alliances, telesales, and online platforms.

Claims Settlement Ratio

During FY2017, ICICI Lombard has settled 99.4% health insurance claims and 92.2% motor insurance claims (own damage) within 30 days of claim filing.*

Ratings

ICRA (an Associate of Moody’s Investors Service) has assigned iAAA rating indicating highest claims paying ability to ICICI Lombard General Insurance Company Limited. The Rating Indicates A Fundamentally Strong Position.

Company Promoters

ICICI Bank is The Promoter of the Company

IPO Opening / Closing Dates & Listing

IPO Details – Issue Price, Minimum Bid and Other

Financial Performance

Revenues

The Company shows steady revenue growth in recent years. Top-line has been increasing regularly for the last 5 years and jumped from INR 4487.40 crore in FY 2013 to INR 7180.50 crore for the period ended FY 2017.

Profits

Though the company has shown superb growth in revenue, the company has also registered impressive profits in these 5 years. Starting from INR 380.10 crore of profits in FY2013, the company’s earnings improved to INR 622.10 crore for the period ended FY 2017.

CONCLUSION –

Considering company’s valuation and financial parameters, FinBlab recommends NEUTRAL ratings on ICICI Lombard General Insurance IPO for the time being.

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post ICICI Lombard General Insurance Company Ltd IPO – Company Profile, Price, Analysis, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Gross Direct Premium Income (GDPI) of the Company increased to INR 144.88 billion in FY 2019 compared to INR 123.57 billion in FY 2018, registering a growth of 17.2% year-on-year basis.

GDPI of the Company increased to INR 34.85 billion in Q4 FY 2019 compared to INR 29.26 billion in Q4 FY 2018, registering a growth of 19.1% QoQ basis.

Profit after tax (PAT) of the company grew by 21.8 percent year-on-year basis to INR 10.49 billion in FY 2019 as compare to INR 8.62 billion in FY 2018, while PAT for Q4 FY 2019 grew by 7.5 percent to INR 2.28 billion compared to INR 2.12 billion in Q4 FY 2018.

The Board of Directors of the Company has proposed final dividend of INR 3.50 per share for FY 2019. The overall dividend for FY 2019 (including interim dividend of INR 2.50) comes to INR 6.00 per share.

About ICICI Lombard GIC

ICICI Lombard is a leader with a Gross Written Premium (GWP) of INR 126 billion for the year ended March 31, 2018.

icici lombard claim status – The company issued over 23.5 million policies and settled over 1.54 million claims as on March 31, 2018.

History: Incorporated in the year 2000, ICICI Lombard General Insurance Company Limited founded as a joint venture with ICICI Bank Limited.

Business: ICICI Lombard is engaged in providing various general insurance products and services in India. The Company mainly offers aviation, casualty, engineering, energy, fire, home, hull, health insurance (check icici lombard health insurance), liability, motor, marine, personal accident, rural, travel, and credit insurance products and services. It also provides insurance claims management, reinsurance, and investment management services.

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Stock Price Movement

The stock ended 1.14% or Rs. 12.30 higher to INR 1095.45 on NSE when the market closed on Thursday! During the quarter ended 31st March 2019, the share prices of ICICI Lombard General Insurance has made a low of INR 807 and high of INR 1037

ICICI Lombard General Insurance on Technical Charts

ICICI Lombard GIC share price is trading 25% higher when compared to its 200 EMA (880) and trading 11.56% higher when compared to its 50 EMA (987)

Average Return

The stock has given 27.85% positive returns over the past 6 months and delivered 30.22% positive returns over the last 12 months.

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ICICI Lombard General Insurance current market cap is more than INR 49500 Cr and trading at a PE ratio of 48

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post ICICI Lombard General Insurance: Result Update Q4FY19 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.