Mumbai: ICICI Lombard General Insurance reported net profit growth of 15.5% in the second quarter of the financial year ended September 30 to ₹946 crore compared to the corresponding period last year as the insurer reported strong momentum in motor and commercial lines.
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During the same period a year ago, the company had reported net profit of ₹820 crore. The company reported dividend of ₹7 per share for first half of the financial year.
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Gross premium income rose 3% to ₹6,792 crore against ₹6,596 crore as against the industry growth of 7%. Net premium earned rose 17.7% to ₹6,652 crore in the quarter from ₹5,652 crore a year earlier. Net profit was ₹819.5 crore in the year-ago period. Shares of the company rose 0.92% to ₹1,715.70 on BSE on Wednesday.
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ICICI Lombard Q2 net profit growth 15.5%; Rs 7 dividend announced
ICICI Lombard General Insurance achieved a net profit of ₹946 crore in the second quarter of FY2023, reflecting a 15.5% increase. The insurer reported strong performance in its motor and commercial segments, contributing to this growth. Gross premium income increased by 3% to ₹6,792 crore compared to the previous year. In addition, the company declared a dividend of ₹7 per share for the first…
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本文由The Economic Times于2026年10月14日首次发布。HUE Legacy Ventures 并非本文作者。
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