ICICI Lombard General Insurance Q3 Results FY2023, Net Profit at Rs.3.53 billion

ICICI Lombard General Insurance Q3 Results FY2023

by Shreya Anaokar Last Updated: Jan 18, 2023 - 12:32 pm 3.4k Views

On 17th January 2023, ICICI Lombard General Insurance announced its results for the third quarter of FY2023.

Key Highlights:

- Gross Direct Premium Income (GDPI) of the Company was at Rs. 54.93 billion in Q3 FY2023,  a growth of 16.9% as against the industry growth of 18.1%. 
- Combined ratio was at to 104.4% in Q3 FY2023 compared to 104.5% in Q3 FY2022. 
-  PBT grew by 10.5% to Rs. 4.65 billion in Q3 FY2023
- Capital gains were at Rs. 1.52 billion in Q3 FY2023
- PAT grew by 11.0% to Rs. 3.53 billion in Q3 FY2023 
- Return on Average Equity (ROAE) was 14.3% in Q3 FY2023
- Solvency ratio was 2.45x as of December 31, 2022

Business Highlights:

- Retail health agency vertical grew by 40.1% for Q3FY2023.
- ICICI Bank distribution grew by 30.9% and non-ICICI Bank distribution grew by 44.2%
- 23.4 Million Policies were sourced, and 97.3% of policies were issued electronically in 9MFY2023.
- 2.5 Million Claims honored 74.5%, Motor OD Claims through Instaspect in December 2022

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 


Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
How PFC F&O contracts will be adjusted for special dividend

In its Board Meeting held on 27th May 2023, the board of directors of Power Finance Corporation (PFC) Ltd has approved an Interim Dividend pay-out of ₹4.50/- per equity share of face value of ₹10/- each.

  • Jun 09, 2023
What you must know about Cell Point IPO

Cell Point (India) Ltd is one of the largest retail outlets for mobile phones and other electronic accessories in South India.

  • Jun 09, 2023
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 09, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number