ICICI Lombard General Insurance: Result Update Q4FY19
ICICI Lombard General Insurance Company Ltd – one of the leading private sector general insurance companies in India has posted its Q4FY19 numbers today. The Company’s Profit after tax grew by 21.8% YoY to INR 10.49 billion in FY 2019 as against INR 8.62 billion in FY 2018.
Gross Direct Premium Income (GDPI) of the Company increased to INR 144.88 billion in FY 2019 compared to INR 123.57 billion in FY 2018, registering a growth of 17.2% year-on-year basis.
GDPI of the Company increased to INR 34.85 billion in Q4 FY 2019 compared to INR 29.26 billion in Q4 FY 2018, registering a growth of 19.1% QoQ basis.
Profit after tax (PAT) of the company grew by 21.8 percent year-on-year basis to INR 10.49 billion in FY 2019 as compare to INR 8.62 billion in FY 2018, while PAT for Q4 FY 2019 grew by 7.5 percent to INR 2.28 billion compared to INR 2.12 billion in Q4 FY 2018.
The Board of Directors of the Company has proposed final dividend of INR 3.50 per share for FY 2019. The overall dividend for FY 2019 (including interim dividend of INR 2.50) comes to INR 6.00 per share.
About ICICI Lombard GIC
ICICI Lombard is a leader with a Gross Written Premium (GWP) of INR 126 billion for the year ended March 31, 2018.
icici lombard claim status – The company issued over 23.5 million policies and settled over 1.54 million claims as on March 31, 2018.
History: Incorporated in the year 2000, ICICI Lombard General Insurance Company Limited founded as a joint venture with ICICI Bank Limited.
Business: ICICI Lombard is engaged in providing various general insurance products and services in India. The Company mainly offers aviation, casualty, engineering, energy, fire, home, hull, health insurance (check icici lombard health insurance), liability, motor, marine, personal accident, rural, travel, and credit insurance products and services. It also provides insurance claims management, reinsurance, and investment management services.
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Stock Price Movement
The stock ended 1.14% or Rs. 12.30 higher to INR 1095.45 on NSE when the market closed on Thursday! During the quarter ended 31st March 2019, the share prices of ICICI Lombard General Insurance has made a low of INR 807 and high of INR 1037
ICICI Lombard General Insurance on Technical Charts
ICICI Lombard GIC share price is trading 25% higher when compared to its 200 EMA (880) and trading 11.56% higher when compared to its 50 EMA (987)
Average Return
The stock has given 27.85% positive returns over the past 6 months and delivered 30.22% positive returns over the last 12 months.
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ICICI Lombard General Insurance current market cap is more than INR 49500 Cr and trading at a PE ratio of 48
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