Quote on ICICI Lombard Q3FY21 results By Jyoti Roy, Angel Broking
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Below are Quote on ICICI Lombard Q3FY21 results By Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd
ICICI Lombard reported 6.3% YoY growth in net premium earned to Rs. 2,611.4 crore while investment income registered a growth of 31.4% YoY to Rs. 441.9 crore. Total income registered a growth of 9.29% growth YoY to Rs. 3058.9 crore. Operating profit for the quarter was down by 2.7% YoY to Rs. 312.1cr while net profit for the quarter was up 6.60% at Rs. 313.5 crore. The combined ratio for the quarter stood at 97.9% while return on average equity stood at 17.6% as compared to 20.3% in Q3FY20 Overall the company witnessed good traction in fire insurance, health and marine insurance while motor insurance was flat YoY.
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