ICICI Lombard General Insurance: Investment Income Offsets CAT Impact, Maintain BUY
ICICI Lombard (ICICIGI) reported strong growth in NEP/PAT at 16%/20% YoY, although combined ratio (COR) deteriorated to 104.5% due to the...
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ICICI Lombard - Combined Ratio Higher than Estimates by ~200bp
ICICIGI’s GDP grew 11% YoY in 2QFY25 to INR69b (3% miss). NEP grew 17% YoY to INR50b (3% ahead of our estimates). Claims ratio was largely in line...
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ICICI Lombard - Market Share Accretion to Continue Across Core Segments
ICICI Lombard (ICICIGI) has experienced improved market share across segments on a YTD basis, most notably in the Motor OD, Motor TP, and Health...
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ICICI Lombard General Insurance Company Ltd - Poised to Outperform
Competitive environment has relatively become favorable leading to healthy underlying business trends providing tailwinds to growth and profitability.
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ICICI Prudential Insurance Company - Volume Outlook Improving but Margin Reset Lower
Adverse impact of product mix (higher linked/par) along with higher cost (commission and opex) and overall competitive environment led to a bigger...
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