17 April 2024 – A preview of ICICI Lombard General Insurance for Q4 When ICICI Lombard General Insurance reports its fourth-quarter results on Wednesday (April 17, 2024), the company’s net premium for FY2324 is expected to increase by 13%, while its profit may increase by 5.2%.
According to a study conducted by Zed Business, the company’s net premium generated for the quarter ending in January through March of 2024 is anticipated to increase by 13% to Rs 4,210 crore as opposed to Rs 3,726 crore YoY.
According to estimates, the insurance company’s earnings for the fourth quarter of this fiscal year are expected to grow from Rs 437 crore to Rs 460 crore, or 5.2%. It is anticipated that the company’s claim ratio will decrease to 70.9% in the quarter under review from 74.2% YoY.
Conclusion
In contrast, ICICI Lombard’s expenditure ratio is anticipated to have decreased to 15.6% in Q4 from 27.7% at the same time last year. However, compared to 2.3 percent in the same quarter last year, the large-cap company’s net commission ratio might increase to 17.8 percent in the March quarter.
Source:Link