 Hey, I want to invite you to join Stocktwits. It’s the largest global community of active traders. You’ll get access to the real-time market insights, news, discussion and much more! You can sign up using my unique link below 
 


 has invited you to join Stocktwits

ICICI Lombard General Insurance, which received notice from DGGI for not paying Rs 1,730 crore in tax from July 2017 to March 2022, plans to contest the demand

ICICI Lombard gets Rs 1,730-crore tax notice, second in 3 months; stock down 2%

On September 21, Bhargav Dasgupta left his role as MD and CEO after 14 years with the company to pursue an international career opportunity

ICICI Lombard appoints Sanjeev Mantri as new MD &amp; CEO

Order wins to appointments, here's how these stocks reacted to the company updates at the open on September 22.

Morning Trade Stock Reactions: JSW Steel, IdeaForge, RVNL gain while ICICI Lombard, ICICI Bank slip

CRISIL stated that the rating centrally factors in ICICI Lombards strategic importance to, and expectation of the continued support from, ICICI Bank. The rating also reflects the companys leadership position among private sector general insurance companies, its healthy capitalization with expected sustenance of high cushion in solvency ratio over regulatory minimum and, sound investment quality. These strengths are partially offset by modest albeit improving underwriting performance.With a market share of 9.9%, ICICI Lombard remains the largest private general insurer in the industry and the second-largest general insurer at an overall level based on gross direct premium income  in Q1 2024.In fiscal 2023, the company underwrote Rs 21,025 crore as gross direct premium income, marking an annual growth of 17.0% over the past year as against a growth of 16.4% in industry gross direct premium income over the same period. For the first quarter of fiscal 2024, the company underwrote gross direct premiums Rs 6,387 crore, registering a year-on-year growth of 18.9%.The companys financial risk profile remains supported by the companys healthy capitalization reflected in a comfortable solvency ratio of 2.51 times as on March 31, 2023 and 2.53 times as on June 30, 2023. Overall profitability has remained supported by income from investment, evidenced by a net profit of Rs 1,729 crore for fiscal 2023 alongside an investment income of Rs 3,053 crore for the period. For Q1 2024, the company reported a net profit of Rs 390 crore.ICICI Lombard is Indias largest private sector general insurance company based on gross direct premium. The Company offers a comprehensive range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. ICICI Lombard had 305 branches and 12,865 employees, as on 31 March 2023. Its parent ICICI Bank, which is one of the largest private sector banks in the country, holds 48.01% stake in the company as of 30 June 2023.The scrip added 0.56% to currently trade at Rs 1386.85 on the BSE.

CRISIL reaffirms 'AAA' rating on debt instrument of ICICI Lombard 

ICICI Lombard General Insurance Company announced that CRISIL has reaffirmed its CRISIL AAAStable rating assigned to Rs 35 crore Subordinated Debt of the Company.

ICICI Lombard General Insurance Company receives affirmation in credit rating on subordinated debt 

  ICICI Lombard General Insurance Company announced that ICRA has reaffirmed its ICRA AAA; Stable rating assigned to Rs 35 crore subordinated debt of the company. The outlook on the long-term rating is Stable. ICRA has reaffirmed the long-term Issuer Rating at ICRA AAA; Stable to the Company. The outlook on the long-term rating is Stable.

ICICI Lombard General Insurance Company receives affirmation in credit ratings 

 ICICI Lombard General Insurance Company has allotted 2,850 equity shares under ESOS on 05 September 2023. 

ICICI Lombard General Insurance Company allots 2,850 equity shares under ESOS 

According to the shareholding pattern of the ICICI Lombard General Insurance, the Bank had 48.01 percent stake in the company as of June 2023. The additional stake buying will make ICICI Lombard a subsidiary of the bank.

ICICI Bank secures IRDAI nod to boost ICICI Lombard stake by 4%

The gross direct premium income (GDPI) for motor insurance grew 14.8 percent YoY in July, Nuvama said.

General Insurance: Motor, health segments grow at steady rate in July, says Nuvama

In the last week of May, the board of ICICI Bank had approved a proposal to raise the banks stake in ICICI Lombard General Insurance Company by upto 4% in multiple tranches, and makes the general insurance company its subsidiary.ICICI Bank already holds 48.02% stake in the general insurer, and it plans to acquire at least 2.5% of the 4% before 9 September 2024.On August 4, ICICI Bank received the approval from Reserve Bank of India for increasing its shareholding in ICICI Lombard General Insurance Company up to 4%, in multiple tranches.ICICI Lombard General Insurance Company is the leading private general insurance company in the country. The company offers a comprehensive and well-diversified range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. The general insurer reported 11.8% increase in net profit to Rs 390.36 crore on 14.07% rise in total income to Rs 4,538.03 crore in Q1 FY24 over Q1 FY23.

ICICI Lombard gains after ICICI Bank gets RBI nod to raise shareholding 

ICICI Lombard General Insurance Co. Ltd. engages in the provision of general insurance products and services. It operates through the following segments: Fire, Engineering, Marine Cargo, Marine Hull, Motor OD, Motor TP, Workmen Compensation, Public/Product Liability, Personal Accident, Aviation, Health, Credit Insurance, Crop/Weather Insurance, and Others. The company was founded on October 30, 2000 and is headquartered in Mumbai, India.

Watchers	87
52-Wk Low	1,049.05
52-Wk High	1,423.30

Market Cap	643.49B
Volume (M)	622,902.00
52-Wk High	1,423.30
52-Wk Low	1,049.05

Current Price	1,305.25
Prev Close	1,309.55
Open	1,313.95
Dividend Yield	0.94%
50-Day Moving Average	1,352.00
Beta	0.00
Avg. Volume	558,519.09
PE Ratio	36.33

52-Week High	1,423.30
52-Week Low	1,049.05
Market Capitalization	643.49B
EPS	36.05
Price to Book	5.87
Revenue Per Employee	12.87M
Enterprise Value/EBITDA	N/A

ICICIGI.NSE ICICI Lombard General Insurance Co. Ltd.

About

Feed

News

Sentiment

Fundamentals