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Earnings1 min read
ICICI Lombard Q2 Profit Rises 15.5% to ₹946 Crore
The insurer also reported higher net premiums earned and announced a ₹7-per-share dividend for the first half of the fiscal year.
Key takeaways
- Second-quarter net profit increased 15.5% to ₹946 crore.
- ICICI Lombard announced a ₹7-per-share dividend for the first half of the fiscal year.
ICICI Lombard General Insurance reported second-quarter net profit of ₹946 crore, up 15.5% from ₹820 crore a year earlier. The company also announced a ₹7-per-share dividend for the first half of the fiscal year.
Gross premium income rose 3% to ₹6,792 crore, compared with industry growth of 7%. Net premium earned increased 17.7% to ₹6,652 crore from ₹5,652 crore a year earlier.
The insurer’s shares rose 0.92% to ₹1,715.70 on the BSE on Wednesday.
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This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
