- ICICI Lombard reported its net income for the first quarter of 2024, which stands at 5.8 billion rupees.
- This net income marks a significant increase of 49% year-over-year.
- The company’s net income surpassed analysts’ estimates of 5.2 billion rupees.
- Gross written premiums for the quarter hit 79.3 billion rupees, reflecting a 20% year-over-year growth.
- Analyst ratings for ICICI Lombard include 14 buy recommendations, 6 holds, and 5 sells.
A look at ICICI Lombard General Insurance Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, ICICI Lombard General Insurance Company is positioned for a positive long-term outlook. The company has received above-average scores in Dividend and Resilience, indicating strong performance in providing dividends to shareholders and ability to weather economic challenges. With a moderate score in Growth and Momentum, there is room for potential expansion and sustained upward movement in the market.
ICICI Lombard General Insurance Company Limited, an insurance provider in India, offers a range of insurance products and services including motor, health, travel, rural, business, third-party, personal accident, and home insurance. It also provides efficient claim settlement and renewal services to its customers, demonstrating a commitment to customer satisfaction and retention.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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