ICICI Lombard General Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 58503.41 Crore) operating in Financial Services sector.
ICICI Lombard General Insurance Company key Products/Revenue Segments include Miscellaneous Insurance, Other Operating Revenue, Fire Insurance and Marine Insurance for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Standalone Total Income of Rs 4570.11 Crore, down -2.86 % from last quarter Total Income of Rs 4704.51 Crore and up 13.71 % from last year same quarter Total Income of Rs 4019.13 Crore. Company has reported net profit after tax of Rs 352.53 Crore in latest quarter.
The company’s top management includes Mrs.Lalita D Gupte, Mr.Murali Sivaraman, Mr.Sandeep Batra, Mr.Ashvin Parekh, Mr.Suresh Kumar, Mr.Uday Chitale, Mr.Ved Prakash Chaturvedi, Mr.Sanjeev Mantri, Mr.Alok Kumar Agarwal, Mr.Bhargav Dasgupta, Mr.Rakesh Jha. Company has Chaturvedi & Co. as its auditors. As on 30-06-2022, the company has a total of 49 Crore shares outstanding.
Investment Rationale
Leadership in a market with long term growth potential remains positive but sustained market share along with gradual improvement in combined ratio is awaited for gaining confidence. Thus, the brokerage maintain its HOLD rating on the stock.
Promoter/FII Holdings
Promoters held 48.03 per cent stake in the company as of 30-Jun-2022, while FIIs owned 26.43 per cent, DIIs 13.94 per cent.
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