Strong show; better guidance for combined ratio

Company
18 Apr 2024
5 Min read 
  • ICICI Lombard's 4QFY24 results showed a strong performance, with NEP in line with estimates and PAT beating expectations.
  •  The company improved its combined ratio guidance for FY25 and expects continued gains in market share.
  •  Gross domestic premium income grew 17% YoY, with growth seen across various segments.
  •  The claims ratio and combined ratio improved compared to the previous quarter.
  •  The company expects growth in the motor segment to be back-ended and sees potential in the retail health segment.
  •  Overall, the company's financials and valuations remain strong, with a positive outlook for future growth.
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