News

``ICICI Lombard Unveils `Cloud Calling' Feature, Transforming Motor Claims Interaction and Accelerating Settlements``  ICICI Lombard , one of India's leading private general insurers, unveiled its latest technological innovation, the "Cloud Calling" feature. The unique feature is designed to reshape customer communication during the motor claims process by enhancing customer experience, expediting claims settlements, and underscore ICICI Lombard's commitment to leveraging cutting-edge technology to meet the evolving needs of its valued customers. "Cloud Calling" introduces...
``ICICI Lombard Unveils `Cloud Calling' Feature, Transforming Motor Claims Interaction and Accelerating Settlements``
``ICICI Lombard Unveils `Cloud Calling' Feature, Transforming Motor Claims Interaction and Accelerating Settlements``
Source: PR Agency
6/09/2023 5:45:37 PM
Bajaj Finance rises on partnering with ICICI Lombard General Insurance to offer motor insurance policies Bajaj Finance is currently trading at Rs. 7128.85, up by 12.45 points or 0.17% from its previous closing of Rs. 7116.40 on the BSE. The scrip opened at Rs. 7121.05 and has touched a high and low of Rs. 7144.80 and Rs. 7098.00 respectively. So far 3731 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 7999.90 on 05-Jul-2023 and a 52 week low of Rs. 5487.25 on 20-Mar-2023. Last one week high and low of the scrip sto...
Bajaj Finance rises on partnering with ICICI Lombard General Insurance to offer motor insurance policies
Bajaj Finance rises on partnering with ICICI Lombard General Insurance to offer motor insurance policies
Source: Accord Fintech
8/08/2023 11:52:43 AM
ICICI Lombard goes interstellar: Creates an out-of-this-world campaign for its flagship insurance and wellbeing IL TakeCare App. ICICI Lombard, one of India's leading general insurance companies, has embarked on a wacky and wonderful new adventure. The quirky campaign showcases the innovative IL TakeCare App that has till date ~ 5.6 million user downloads. The latest ad campaign takes us on a journey that is quite literally out of this world…all the way to Mars! The flagship ILTakeCare App goes beyond insurance offerings for purchase, renewal or claims but is a holistic wellbeing app with innovative features...
ICICI Lombard goes interstellar: Creates an out-of-this-world campaign for its flagship insurance and wellbeing IL TakeCare App.
ICICI Lombard goes interstellar: Creates an out-of-this-world campaign for its flagship insurance and wellbeing IL TakeCare App.
Source: PR Agency
4/08/2023 6:05:59 PM
ICICI Lombard`s research report Sheds Light on Digital transformation in General Insurance ICICI Lombard General Insurance, India's leading private general insurers, has unveiled its latest research report titled "Digital adoption & customers perception about General Insurance in 2023." Through surveys conducted across various regions in India, the report provides a comprehensive understanding of customers' awareness, comfort level, and barriers related to digital journeys in the general insurance sector. Targeting individuals from the banking, financial servi...
ICICI Lombard`s research report Sheds Light on Digital transformation in General Insurance
ICICI Lombard`s research report Sheds Light on Digital transformation in General Insurance
Source: PR Agency
26/07/2023 4:29:06 PM
Buy ICICI Lombard General Insurance Company For Target Rs 1,633 - Motilal Oswal Financial Services Focus remains on COR improvement over growth ICICI Lombard’s (ICICIGI) strategy remains that of profitable growth. This can entail profits over market share in motor (YoY 400/146bps lower loss ratio/market share in motor in Q1FY24) with higher-than-industry growth in health (12/131bps gain in retail/group health market share YoY in Q1FY24). However, COR improvement is notable (102.9%) adjusted for Catastrophic losses in Q1FY24). Maintain BUY with a target price of INR 1,633 based on ...
Buy ICICI Lombard General Insurance Company For Target Rs 1,633 - Motilal Oswal Financial Services
Buy ICICI Lombard General Insurance Company For Target Rs 1,633 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
21/07/2023 11:56:21 AM
ICICI Lombard General Insurance`s Special Help Desk for the Escalating Rainfall Scenario in North India We are closely monitoring the current rainfall situation in North India, which has intensified over the past few days. The India Meteorological Department (IMD) has predicted "heavy to very heavy" rainfall in Uttarakhand, Himachal Pradesh, and Uttar Pradesh during the next few days. These continuous rains have significantly impacted normal life and led to several areas experiencing flooding and rising water levels in rivers. We appeal the people to be safe and follow the information...
ICICI Lombard General Insurance`s Special Help Desk for the Escalating Rainfall Scenario in North India
ICICI Lombard General Insurance`s Special Help Desk for the Escalating Rainfall Scenario in North India
Source: PR Agency
20/07/2023 2:13:42 PM
Buy ICICI Lombard General Insurance Company For Target Rs.1,550 - Motilal Oswal Financial Services Ltd Gross domestic premium income grew 20% YoY and 24% QoQ in 1QFY24 to INR66b, better than our estimate. * NEP was in line with our estimate at INR37.3b, up 12% YoY and 4% QoQ. NEP for Health business grew 32% YoY, led by 36% growth in Group Health. The Motor segment grew 3% and Marine grew 10% YoY. NEP in Crop was higher by 145% YoY, while the Fire segment was down 13% YoY. * Claims ratio came in at 74.1% vs. 74.2% QoQ. The loss ratio for the Motor segment declined YoY, but it increased f...
Buy ICICI Lombard General Insurance Company For Target Rs.1,550 - Motilal Oswal Financial Services Ltd
Buy ICICI Lombard General Insurance Company For Target Rs.1,550 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
19/07/2023 12:32:19 PM
ICICI Lombard continues its strong performance in Q1 FY2024 PAT grew by 11.8% & GDPI grew by 18.9% beating Industry growth of 17.9% · Gross Direct Premium Income (GDPI) of the Company stood at ? 63.87 billion in Q1 FY2024 compared to ? 53.70 billion in Q1 FY2023, a growth of 18.9%, which was higher than the industry growth of   17.9%. Excluding crop, GDPI growth of the Company was at 19.2%, which was higher than the industry growth of 17.4% in Q1 FY2024. · Combined ratio stood at 103.8% for Q1 FY2024 compared to 104.1% for Q1 FY2023. · Excluding the impact of cyclone of ...
ICICI Lombard continues its strong performance in Q1 FY2024 PAT grew by 11.8% & GDPI grew by 18.9% beating Industry growth of 17.9%
ICICI Lombard continues its strong performance in Q1 FY2024 PAT grew by 11.8% & GDPI grew by 18.9% beating Industry growth of 17.9%
Source: PR Agency
19/07/2023 11:07:08 AM
India's ICICI Lombard posts 12% rise in Q1 profit on higher investment income India's ICICI Lombard General Insurance Ltd reported a nearly 12% rise in first-quarter profit on Tuesday, led by growth in investment income and premium earned. The ICICI Bank-backed insurer said its profit after tax stood at 3.90 billion rupees ($47.5 million) for the quarter ended June 30, compared with 3.49 billion rupees a year earlier. Income from investments jumped nearly 27% to 6.22 billion rupees, helped by an increase in the market value of securities and higher profits on...
India's ICICI Lombard posts 12% rise in Q1 profit on higher investment income
India's ICICI Lombard posts 12% rise in Q1 profit on higher investment income
Source: Reuters
18/07/2023 7:31:48 PM
Buy ICICI Lombard General Insurance Company For Target Rs.1,550 - Motilal Oswal Transformation through innovation  * The Indian insurance industry is undergoing radical transformations. With new reforms and initiatives being introduced by the IRDAI, the general insurance industry is poised for robust growth, riding on tech-driven disruptions. * ICICIGI through its annual report has re-iterated its future readiness to capitalize on this fast-growing general insurance industry.   * Its core business strategy is built on five pillars, namely (1) enhancing...
Buy ICICI Lombard General Insurance Company For Target Rs.1,550 - Motilal Oswal
Buy ICICI Lombard General Insurance Company For Target Rs.1,550 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd.
30/06/2023 12:08:16 PM
ICICI Lombard and ICICI Prudential Life Insurance jointly launch 'iShield'  ICICI Lombard General Insurance and ICICI Prudential Life Insurance have jointly launched an insurance solution, 'iShield', which will provide customers with both health and life insurance. iShield, will enable customers to take care of expenses required for medical treatments. Besides, it will also provide a lump sum amount to the family in case of the unfortunate demise of the policyholder.   The health insurance component covers expenses related to hospitalisa...
ICICI Lombard and ICICI Prudential Life Insurance jointly launch 'iShield'
ICICI Lombard and ICICI Prudential Life Insurance jointly launch 'iShield'
Source: PR Agency
29/06/2023 3:08:42 PM
Buy ICICI Lombard General Insurance Company For Target Rs 1,400 - Motilal Oswal ICICIGI de-rated over the past three years owing to stake sale Post-merger with Bharti AXA, the stake of ICICI Bank in ICICI Lombard (ICICIGI) had reduced to 48.02% owing to the fresh issue of shares. As per the RBI regulations, ICICI Bank had to reduce the stake to 30% by Sep’23. However, in Mar’23, the RBI extended the timeline to Sep’24. This has been a key overhang for the ICICIGI stock since the merger announcement with Bharti AXA in Aug’20. We note that the st...
Buy ICICI Lombard General Insurance Company For Target Rs 1,400 - Motilal Oswal
Buy ICICI Lombard General Insurance Company For Target Rs 1,400 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
31/05/2023 4:06:41 PM
ICICI Bank rises on getting nod to increase shareholding in ICICI Lombard General Insurance ICICI Bank is currently trading at Rs. 951.95, up by 1.40 points or 0.15% from its previous closing of Rs. 950.55 on the BSE. The scrip opened at Rs. 952.30 and has touched a high and low of Rs. 957.75 and Rs. 950.85 respectively. So far 60639 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 670.35 on 17-Jun-2022. Last one week high and low of the scrip stood at Rs. ...
ICICI Bank rises on getting nod to increase shareholding in ICICI Lombard General Insurance
ICICI Bank rises on getting nod to increase shareholding in ICICI Lombard General Insurance
Source: Accord Fintech
29/05/2023 12:30:10 PM
India`s ICICI Lombard jumps as ICICI Bank approves raising stake Shares of ICICI Lombard General Insurance Co Ltd rose as much as 14.2% on Monday, a day after ICICI Bank Ltd's board approved raising its stake in the company by 4% in multiple tranches. ICICI Bank holds 48.02% stake in the company as of March 31, 2023, and plans to acquire at least 2.5% of the 4% before September 9, 2024, it said in an exchange filing late on Sunday. Earlier in March, the Reserve Bank of India extended ICICI Bank's deadline for reducing its holdings in ICICI Lo...
India`s ICICI Lombard jumps as ICICI Bank approves raising stake
India`s ICICI Lombard jumps as ICICI Bank approves raising stake
Source: Reuters
29/05/2023 10:38:46 AM
ICICI Lombard FY2023 Results: Profit After Tax (PAT) grows at 36% to Rs. 17.29 billion Gross Direct PremiumIncome (GDPI)of the Company stood at ?210.25 billion in FY2023 compared to ? 179.77 billion in FY2022, a growth of 17.0% which washigher than the industry growth of 16.4%. GDPI of the Company was at ?49.77 billion in Q4FY2023 as against ?46.66 billion in Q4FY2022, a growth of 6.7% as against the industry growth of 16.9%. Combined ratio stood at 104.5% in FY2023 compared to 108.8% in FY2022 Combined ratio stood at 104.2% in Q4 FY2023 compared to103.2% in Q4 FY2022....
ICICI Lombard FY2023 Results: Profit After Tax (PAT) grows at 36% to Rs. 17.29 billion
ICICI Lombard FY2023 Results: Profit After Tax (PAT) grows at 36% to Rs. 17.29 billion
Source: PR Agency
19/04/2023 12:43:07 PM
Buy ICICI Lombard General Insurance Company For Target Rs 1,245 - Yes Securities Result Highlights * Net premiums earned: Net premiums earned de-grew by -1.7% QoQ, driven lower by Motor, Fire and Crop segments * Loss ratios: Overall loss ratio has deteriorated by 390 bps QoQ to 74.2%, where Motor TP has significantly evolved negatively QoQ * Expense control: Expense ratio rose 20bps QoQ to 31.4% where opex fell - 10.1% QoQ and commissions fell by -47.6% QoQ Our view – Nothing to warrant an upgrade yet Caution on the Motor segment continued to drag overall...
Buy ICICI Lombard General Insurance Company For Target Rs 1,245 - Yes Securities
Buy ICICI Lombard General Insurance Company For Target Rs 1,245 - Yes Securities
Source: Yes Securities
19/04/2023 11:27:56 AM
Buy ICICI Lombard General Insurance Company For Target Rs 1,400 - Motilal Oswal Financial Services Expense ratio beats estimates, Claim ratio higher than expectations * In 4QFY23, underwriting loss amounted to INR2.5b compared to a loss of INR2.9b in 3QFY23 v/s. our estimates of INR3.7b. The beat was on account of lower-than-expected total expense ratio (commission + opex). * The claims ratio in 4QFY23 increased to 74.2% from 70.3% in 3QFY23, due to higher loss ratio in Motor TP and other misc. commercial lines. The claims ratio increased ~223bp, on a YoY basis, which was higher than...
Buy ICICI Lombard General Insurance Company For Target Rs 1,400 - Motilal Oswal Financial Services
Buy ICICI Lombard General Insurance Company For Target Rs 1,400 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
19/04/2023 11:19:20 AM
Buy ICICI Lombard General Insurance Company For Target Rs 1,500 - Motilal Oswal * ICICI Lombard General Insurance (ICICIGI) held a ‘Digital Day’ event to outline its key initiatives in the digital space that will be a vital part of its strategy for improving growth and profitability going ahead. * Digitization has been implemented across segments within the company and encompasses the entire journey for various stakeholders, including customers, distribution partners and garages. It is also the first large insurer to move all core applications to a cloud p...
Buy ICICI Lombard General Insurance Company For Target Rs 1,500 - Motilal Oswal
Buy ICICI Lombard General Insurance Company For Target Rs 1,500 - Motilal Oswal
Source: Motilal Oswal
31/03/2023 1:52:00 PM
ICICI Lombard Revolutionizes Health Insurance with `Anywhere Cashless` Feature, Providing Hassle-free Medical Treatment at Any Hospital an industry-first move,ICICI Lombard - one of India's leading private sector general insurance companies, has announced the launch of its latest feature, "Anywhere Cashless" for their health insurance policyholders. This new feature allows customers to avail cashless facilities at any hospital- even if it is not a part of ICICI Lombard’s current networkofhospitals. *Customers will not have to bear any out-of-pocket expenses. The “Anywhere Cashless” feature i...
ICICI Lombard Revolutionizes Health Insurance with `Anywhere Cashless` Feature, Providing Hassle-free Medical Treatment at Any Hospital
ICICI Lombard Revolutionizes Health Insurance with `Anywhere Cashless` Feature, Providing Hassle-free Medical Treatment at Any Hospital
Source: PR Agency
25/03/2023 12:38:10 PM
Buy Shree Cement Ltd For Target Rs.25,169 - ICICI Securities We recently interacted with the management of Shree Cement (SRCM) for an update on their business strategy and general industry outlook. Following are the key takeaways: (1) SRCM has formed a Technical Services team (also comprising civil engineers) which will not only provide expertise to construction activities but also improve sales by close interaction with customers, (2) it aims to increase premium cement (higher by Rs25/bag vs normal cement bag) share to 15% from 7% currently, (3) incre...
Buy Shree Cement Ltd For Target Rs.25,169 - ICICI Securities
Buy Shree Cement Ltd For Target Rs.25,169 - ICICI Securities
Source: ICICI Securities
22/03/2023 12:54:39 PM
Neutral Nazara Technologies Ltd For Target Rs.486- ICICI Securities We initiate coverage on Nazara Technologies with BUY rating, given visibility of strong revenue growth in eSports and gradual profitability improvement in gamified early learning (GEL). The stock has corrected ~70% from its peak (of Rs1,601) and is now trading at its all-time low of Rs486. At current market price, it is trading at 45x 1-year forward P/E. We have a target price of Rs700 on the stock for Mar’24. Our target multiple is 41x FY25E EPS (1.5SD below the 2-year average historic...
Neutral Nazara Technologies Ltd For Target Rs.486- ICICI Securities
Neutral Nazara Technologies Ltd For Target Rs.486- ICICI Securities
Source: ICICI Securities
21/03/2023 12:53:38 PM
Buy ICICI Lombard General Insurance Company For Target Rs 1,445 - ICICI Securities COR remains elevated; growth in health segment continues to build momentum The combined ratio (COR) for ICICI Lombard (ICICIGI) remained elevated at 104.4% in Q3FY23 and 104.6% in 9MFY23. Recovery in motor loss ratios and traction in health (group as well as retail) have been the investment thesis for quite some time now and is still relevant. We remain constructive on such recovery and the Indian non-life insurance sector's strong growth potential. This remains our key investment argu...
Buy ICICI Lombard General Insurance Company For Target Rs 1,445 - ICICI Securities
Buy ICICI Lombard General Insurance Company For Target Rs 1,445 - ICICI Securities
Source: ICICI Securities Ltd
13/03/2023 10:57:15 AM
ICICI Lombard to Celebrate March 2023 as Women`s Month with Special Offers for all Women and Agents  ICICI Lombard, India’s leading general insurer announced today that it wouldcelebrate March as Women's month in an endeavour to empower women in their physical and financial well-being. The company will be offering complimentaryhealth check-ups, which will be availableto 10,000 women on a first-cum-first serve basis across major locations in India.Moreover, with the aimof promoting women entrepreneurship the company will embark on a comprehensive training program to recruit an...
ICICI Lombard to Celebrate March 2023 as Women`s Month with Special Offers for all Women and Agents
ICICI Lombard to Celebrate March 2023 as Women`s Month with Special Offers for all Women and Agents
Source: PR Agency
7/03/2023 5:55:32 PM
Buy ICICI Lombard General Insurance Company For Target Rs 1,445 - ICICI Securities COR remains elevated; growth in health segment continues to build momentum The combined ratio (COR) for ICICI Lombard (ICICIGI) remained elevated at 104.4% in Q3FY23 and 104.6% in 9MFY23. Recovery in motor loss ratios and traction in health (group as well as retail) have been the investment thesis for quite some time now and is still relevant. We remain constructive on such recovery and the Indian non-life insurance sector's strong growth potential. This remains our key investment argu...
Buy ICICI Lombard General Insurance Company For Target Rs 1,445 - ICICI Securities
Buy ICICI Lombard General Insurance Company For Target Rs 1,445 - ICICI Securities
Source: ICICI Securities Ltd
4/03/2023 11:45:15 AM
Post Budget Quote : The Union Budget FY23-24 is an extremely progressive and inclusive one with a huge focus on infrastructure and capex growth Says Bhargav Dasgupta, ICICI Lombard Below is Post Budget Quote By Mr. Bhargav Dasgupta ICICI Lombard MD and CEO “The Union Budget FY23-24 is an extremely progressive and inclusive one with a huge focus on infrastructure and capex growth while maintaining the fiscal consolidation path. With fiscal deficit being reduced to 5.9% whilst providing an extremely bullish capex investment of Rs. 10 lac crs (highest ever); will in effect convert revenue expenditure to capital expenditure which has a higher multiplier e...
Post Budget Quote : The Union Budget FY23-24 is an extremely progressive and inclusive one with a huge focus on infrastructure and capex growth Says Bhargav Dasgupta, ICICI Lombard
Post Budget Quote : The Union Budget FY23-24 is an extremely progressive and inclusive one with a huge focus on infrastructure and capex growth Says Bhargav Dasgupta, ICICI Lombard
Source: PR Agency
2/02/2023 3:09:53 PM
Buy ICICI Lombard General Insurance Company For Target Rs 1,249 - ICICI Securities ICICI Lombard General Insurance Company COR remains elevated; growth in health segment continues to build momentum The combined ratio (COR) for ICICI Lombard (ICICIGI) remained elevated at 104.4% in Q3FY23 and 104.6% in 9MFY23. Recovery in motor loss ratios and traction in health (group as well as retail) have been the investment thesis for quite some time now and is still relevant. We remain constructive on such recovery and the Indian non-life insurance sector's strong growth pote...
Buy ICICI Lombard General Insurance Company For Target Rs 1,249 - ICICI Securities
Buy ICICI Lombard General Insurance Company For Target Rs 1,249 - ICICI Securities
Source: ICICI Securities Ltd
19/01/2023 2:41:13 PM
ICICI Lombard General Insurance Company Limited: Performance For the Quarter and Nine Months Ended December 31, 2022 * Gross Direct Premium Income (GDPI) of the Company increased to 160.48 billion in 9M FY2023 compared to ? 133.11 billion in 9M FY2022, a growth of 20.6% which was higher than the industry growth of 16.2%. Excluding crop, GDPI growth of the Company was at 19.9%, which was higher than the industry growth of 17.5% in 9M FY2023 * GDPI of the Company was at 54.93 billion in Q3 FY2023 as against ? 46.99 billion in Q3 FY2022, a growth of 16.9% as against the industry growth of 18.1%. Excluding c...
ICICI Lombard General Insurance Company Limited: Performance For the Quarter and Nine Months Ended December 31, 2022
ICICI Lombard General Insurance Company Limited: Performance For the Quarter and Nine Months Ended December 31, 2022
Source: PR Agency
18/01/2023 4:45:45 PM
Add ICICI Lombard General Insurance Company Ltd For Target Rs. 1,475 - Yes Securities Sustainable RoE declines, Downgrade to ADD Result Highlights * Net premiums earned: Net premiums earned de-grew by -1.2% QoQ, driven lower by Fire and Crop segments and a sluggish Motor segment * Loss ratios: Overall loss ratio has improved by 250 bps QoQ to 70.3%, where Motor OD, Motor TP and Health, Travel & PA have evolved positively QoQ * Expense control: Expense ratio rose 330bps QoQ at 31.2% where opex rose 16.6% QoQ and commissions rose by 36% QoQ Our view – Su...
Add ICICI Lombard General Insurance Company Ltd For Target Rs. 1,475 - Yes Securities
Add ICICI Lombard General Insurance Company Ltd For Target Rs. 1,475 - Yes Securities
Source: Yes Securities Ltd
18/01/2023 12:35:27 PM
ICICI Lombard presents #1 Travel Show on radio - `Get Some Sun` on RadioOne with Bollywood superstar Ranveer Singh as the Sutradhar The theme of this iconic radio IP, now in its 7 th edition, covers the 7 wonders of the world, the remarkable travel journeys of influencers, while building awareness about international travel insurance. As we are witnessing an exponential rise in international travel - a phenomenon termed ‘revenge travelling’, we are consequently seeing a higher demand for Travel Insurance. In line with this trend, ICICI Lombard, India’s leading General Insurance Company, has collaborat...
ICICI Lombard presents #1 Travel Show on radio - `Get Some Sun` on RadioOne with Bollywood superstar Ranveer Singh as the Sutradhar
ICICI Lombard presents #1 Travel Show on radio - `Get Some Sun` on RadioOne with Bollywood superstar Ranveer Singh as the Sutradhar
Source: PR Agency
28/12/2022 11:50:41 AM
AU Small Finance Bank gains on entering into Bancassurance tie-up with ICICI Lombard General Insurance AU Small Finance Bank is currently trading at Rs. 651.55, up by 0.75 points or 0.12% from its previous closing of Rs. 650.80 on the BSE. The scrip opened at Rs. 645.50 and has touched a high and low of Rs. 653.00 and Rs. 645.50 respectively. So far 53257 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 732.90 on 21-Apr-2022 and a 52 week low of Rs. 467.50 on 27-Dec-2021. Last one week high and low of the scrip s...
AU Small Finance Bank gains on entering into Bancassurance tie-up with ICICI Lombard General Insurance
AU Small Finance Bank gains on entering into Bancassurance tie-up with ICICI Lombard General Insurance
Source: Accord Fintech
6/12/2022 2:40:02 PM
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1450 - Motilal Oswal Weak underwriting offset by a strong investment performance ? The underwriting loss for ICICIGI stood at INR1.5b in 2Q as against INR1.9b in 1QFY23, as OPEX grew at 9% as compared to a 11% growth in NEP. ? Claims ratio grew to 72.8% in 2Q v/s 72.1% in 1QFY23 as the benefits of a lower loss ratio in Motor TP and Fire were offset by higher claims in Motor OD and the Health segment. Claims ratio grew 300bp YoY. ? Investment income, at INR8.7b, was higher than our expectation of INR7.4b ...
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1450 - Motilal Oswal
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1450 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
20/10/2022 9:45:27 AM
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,500 - Yes Securities Loss ratio evolves somewhat negatively on sequential basis Result Highlights * Net premiums earned: Net premiums earned grew by 10.6% QoQ, driven by Fire, Miscellaneous and Crop segments * Loss ratios: Overall loss ratio has deteriorated by 70 bps QoQ to 72.8%, where Motor OD and Health, Travel, PA have evolved negatively on sequential basis * Expense control: Expense ratio rose 10bps QoQ at 27.9% where opex fell - 1.5% QoQ but commissions rose by 64% QoQ Our view – Loss ...
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,500 - Yes Securities
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,500 - Yes Securities
Source: Yes Securities Ltd
19/10/2022 10:07:26 AM
ICICI Lombard launches a slew of 14 new products across Health, Motor and Corporate segments The comprehensive line-up of innovative and tech enabled insurance offerings, willrevolutionize customer experience Mumbai, August26, 2022: ICICI Lombard, India’s leadingprivatenon-life insurance company, launched its latest line-up of 14new or enhanced insurance solutions, including riders/add-ons and upgrades across Health, Motor, Travel and Corporate segments. The slew of offerings, announced at a press conference in Mumbai on Friday, offers a comprehensive array of products acro...
ICICI Lombard launches a slew of 14 new products across Health, Motor and Corporate segments
ICICI Lombard launches a slew of 14 new products across Health, Motor and Corporate segments
Source: PR Agency
26/08/2022 3:27:41 PM
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,500 - Motilal oswal Financial Services Readiness to capitalize on the future growth * The Indian insurance industry is undergoing radical transformations. Tighter regulatory norms, volatile equity markets, and rapidly changing customer expectations are some of the biggest challenges that the market is sailing through. Despite these challenges, the industry is poised for robust growth, riding on tech-driven disruptions. * ICICIGI, through its annual report, has re-iterated its readiness to capitalize on this fast-growing gene...
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,500 - Motilal oswal Financial Services
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,500 - Motilal oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
12/08/2022 10:36:17 AM
Buy ICICI Lombard General Insurance Company Ltd For Target Rs. 1,470- Emkay Global Financial Services Ltd Re-rating to follow growth acceleration We initiate coverage on ICICI Lombard General Insurance (ICICIGI) with a Buy rating and a September 2023 TP of Rs1,470 (+21.1% upside). Our TP implies September 2024 PE multiple of ~30x, a minor discount to its historical average multiple. After being driven by profitability-first strategy for many years, the company is currently pursuing the growth-first strategy and, rightly so, now by protecting its market share in its turf of motor and commercial...
Buy ICICI Lombard General Insurance Company Ltd For Target Rs. 1,470- Emkay Global Financial Services Ltd
Buy ICICI Lombard General Insurance Company Ltd For Target Rs. 1,470- Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
10/08/2022 12:10:33 PM
Upsurge in availing travel insurance increases 76% post-pandemic Survey shows a higher proportion of customers rely on digital channels to buy travel insurance as 94% will purchase travel insurance for their trip abroad in the near future. Mumbai, Aug 03, 2022: Research by ICICI Lombard states an increase of 76 % in India’s travel insurance on international travels post-pandemic compared to 50% before pandemic, as 94 percent of those planning to travel overseas will subsequently purchase travel insurance for their trip. Additionally, digital adopt...
Upsurge in availing travel insurance increases 76% post-pandemic
Upsurge in availing travel insurance increases 76% post-pandemic
Source: PR Agency
3/08/2022 3:35:45 PM
ICICI Lombard General Insurance gains on offering new pay-as-you-drive policy ICICI Lombard General Insurance Company is currently trading at Rs. 1192.30, up by 4.15 points or 0.35% from its previous closing of Rs. 1188.15 on the BSE. The scrip opened at Rs. 1198.00 and has touched a high and low of Rs. 1199.05 and Rs. 1182.90 respectively. So far 4489 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1674.00 on 22-Sep-2021 and a 52 week low of Rs. 1070.95 on 13-Jun-2022. Last one week hig...
ICICI Lombard General Insurance gains on offering new pay-as-you-drive policy
ICICI Lombard General Insurance gains on offering new pay-as-you-drive policy
Source: Accord Fintech
28/07/2022 12:24:44 PM
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,605 - Yes Securities Loss ratio evolution may not be as bad as it seems Result Highlights * Net premiums earned: Net premiums earned grew by 4.5% QoQ, driven by Health (including PA) and Motor segments * Loss ratios: Overall loss ratio has deteriorated by 10 bps QoQ to 72.1%, where Motor OD and Fire evolved negatively on sequential basis * Expense control: Expense ratio contracted by -370bps QoQ at 27.8% where opex rose just 0.6% QoQ but commissions fell by -51.1% QoQ   Our view – Los...
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,605 - Yes Securities
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,605 - Yes Securities
Source: Yes Securities Ltd
20/07/2022 11:43:10 AM
ICICI Lombard Gen. Q1 net profit zooms 130.19% at Rs 349.03 cr The company reported standalone net profit of Rs 349.03 crore for the quarter ended June 30, 2022 as compared to Rs 151.63 crore in the same period last year, registering a year-on-year growth of 130.19 per cent. Net revenue of the company rose substantially by 28.18 per cent at Rs 3,468.22 crore in April-June quarter of this fiscal as against Rs 2,705.77 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 14.68 per cent to Rs 3,684.29 cr...
ICICI Lombard Gen. Q1 net profit zooms 130.19% at Rs 349.03 cr
ICICI Lombard Gen. Q1 net profit zooms 130.19% at Rs 349.03 cr
Source: Dion Global Solutions Ltd
20/07/2022 10:09:26 AM
ICICI Lombard inches up on increasing investment in retail health segment ICICI Lombard General Insurance Company is currently trading at Rs. 1251.30, up by 1.10 points or 0.09% from its previous closing of Rs. 1250.20 on the BSE. The scrip opened at Rs. 1240.00 and has touched a high and low of Rs. 1255.20 and Rs. 1240.00 respectively. So far 2262 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1674.00 on 22-Sep-2021 and a 52 week low of Rs. 1070.95 on 13-Jun-2022. Last one week hig...
ICICI Lombard inches up on increasing investment in retail health segment
ICICI Lombard inches up on increasing investment in retail health segment
Source: Accord Fintech
15/07/2022 11:27:02 AM
ICICI Lombard General Insurance Launches New Campaign, #SalaamMSME ICICI Lombard General Insurance has launched a new 360 degree campaign ‘#SalaamMSME’ to celebrate the indomitable spirit of Micro, Small and Medium Enterprises. The film is hard hitting and shows the latent but deep rooted angst amongst business owners challenging the society’s perception about their identity as ‘Micro, Small or Medium’ despite the huge role they play in driving the growth of the country’s economy and generating employment to millions. I...
ICICI Lombard General Insurance Launches New Campaign, #SalaamMSME
ICICI Lombard General Insurance Launches New Campaign, #SalaamMSME
Source: PR Agency
9/07/2022 12:53:04 PM
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,500 - Motilal Oswal Successfully weathering the storm Investing in growth amid favorable industry dynamics The general insurance industry is all set to deliver a healthy 12% CAGR in premium over the next decade led by 1) healthy trend in auto sales, 2) sustained strong momentum in health insurance demand and 3) commercial insurance lines growing in line with a robust economic growth. Amidst this, ICICIGI has emerged to be India’s largest private sector general insurance company post its merger with ...
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,500 - Motilal Oswal
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,500 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/07/2022 12:35:15 PM
ICICI Lombard dedicates #SalaamMSME brand campaign to salute the MSMEs on International MSME Day * ICICI Lombard salutes the Indian MSMEs on International MSME Day, recognized by the United Nations * The leading general insurer announced the release of offer for settlement in admissible property claims for MSMEs within just ten working days of survey. * The Company also launched a multimedia campaign with #SalaamMSME to recognize their contribution. Mumbai : ICICI Lombard, one of India's leading private general insurance companies, salutes the Indian MSMEs on Inter...
ICICI Lombard dedicates #SalaamMSME brand campaign to salute the MSMEs on International MSME Day
ICICI Lombard dedicates #SalaamMSME brand campaign to salute the MSMEs on International MSME Day
Source: PR Agency
27/06/2022 1:23:59 PM
Buy ICICI Lombard General Insurance Company For Target Rs.1,530 - JM Financial Services ROEs impacted by higher claims and investment into distribution n 4QFY22, ICICI Lombard (ICICIGI) delivered a strong topline recovery with GDPI up 32.9% YoY to INR46.7bn, however concurrent increase in claims and expenses resulted in reported PAT declining 9.6% vs pre-merger 4QFY21 to INR3.13bn. QoQ, PAT was down 1.5%. The underwriting loss in 4QFY22 increased 14.8% QoQ to INR3.09bn driven by i) continued tepid new car and 2W sales, ii) reserve strengthening in motor TP line, and iii) high...
Buy ICICI Lombard General Insurance Company For Target Rs.1,530 - JM Financial Services
Buy ICICI Lombard General Insurance Company For Target Rs.1,530 - JM Financial Services
Source: JM Financial Services Ltd
27/04/2022 10:10:25 AM
Buy ICICI Lombard General Insurance Company For Target Rs.1,650 - ICICI Securities Tactically open to higher investment / lower RoE; cyclical recovery remains the investment thesis ICICIGI hinted at several strategic changes, including (1) investing more for future growth even if this entails lower RoE, (2) increasing CV mix in motor segment and (3) prioritising business selection basis combined ratio over loss ratio which would imply relative open stance for high loss ratio but low acquisition cost businesses. Most of the changes have been necessitated from the need to ...
Buy ICICI Lombard General Insurance Company For Target Rs.1,650 - ICICI Securities
Buy ICICI Lombard General Insurance Company For Target Rs.1,650 - ICICI Securities
Source: ICICI Securities Ltd
25/04/2022 12:36:09 PM
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,612 - Yes Securities Delivery and near-term guidance relatively sombre Result Highlights Net premiums earned: Net premiums earned remained broadly flat QoQ, where Crop and Motor segments have acted as a drag Loss ratios: Overall loss ratio has deteriorated by 240 bps QoQ to 72%, with all segments except Fire and Engineering evolving negatively on sequential basis Expense control: Expense ratio was flat QoQ at 31.5% where opex rose just 0.2% QoQ but commissions fell by -21% QoQ Our view – Deli...
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,612 - Yes Securities
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,612 - Yes Securities
Source: Yes Securities Ltd
22/04/2022 9:18:43 AM
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,550 - ICICI Direct Market leadership with long term growth opportunity About the stock: ICICI Lombard is among the leading multi-line players in the general insurance space with ~8.3% market share on an overall basis. The motor segment is a key contributor and forms 44% of total premium The general insurer is among the most profitable and consistent in terms of return ratios with RoE of ~16-20% for a sustainable period Key triggers for future price performance: Indian non-life insurance is highly...
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,550 - ICICI Direct
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,550 - ICICI Direct
Source: ICICI Direct
19/04/2022 10:19:17 AM
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,808 - LKP Securities Company Overview: ILOM is one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of ₹135.92 billion for the year ended FY21. The company issued over 26.2 million policies and settled over 1.86 million claims in FY21. ILOM has 8.3% market share on overall basis and 13% in private general insurance space. The company operates in various non – life spaces with motor insurance being the largest contributor to its premium at ~44% as on 3Q...
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,808 - LKP Securities
Buy ICICI Lombard General Insurance Company Ltd For Target Rs.1,808 - LKP Securities
Source: LKP Securities Ltd
11/04/2022 12:12:18 PM