ICICI Lombard Common Insurance coverage Q3 Outcomes: ICICI Lombard Common Insurance coverage Firm introduced its October-December quarter outcomes for fiscal 2024-25 (Q3FY25) on Friday, January 17, reporting a pointy rise of 68 per cent in internet revenue to ₹724.4 crore, in comparison with ₹431.5 crore within the corresponding interval final 12 months.
The gross premium dropped marginally by 0.3 per cent to ₹6,214 cr in comparison with ₹6,230 crore within the 12 months in the past interval. The return on common fairness (ROAE) got here in at 21.5 per cent in comparison with 15.3 per cent in the identical interval final 12 months.
In accordance with brokerages, a powerful retail well being outlook; challenges in different strains: Retail well being is poised to carry out properly, given the insurer’s investments in distribution on the company facet. Nevertheless, a slowdown in auto gross sales might be a problem to progress within the motor phase. It’s prone to be cautious within the P&C phase and group well being as danger isn’t adequately priced in.
