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ICICI Lombard slips after Q1 PAT drops 62% YoY

ICICI Lombard slips after Q1 PAT drops 62% YoY
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Insurance Company , General Insurance Company , Direct Premium Income , Average Equity , Capital Market , காப்பீடு நிறுவனம் , ஜநரல் காப்பீடு நிறுவனம் , நேரடி ப்ரீமியம் வருமானம் , சராசரி பங்கு , மூலதனம் சந்தை ,

Barometers off day's low; breadth remains weak


The domestic indices trimmed losses in afternoon trade. A spike in domestic coronavirus cases and localized lockdown being announced by various state governments dented investors sentiment. The Nifty index re-claimed 14,300 level.
At 13:20 IST, the barometer index, the S&P BSE Sensex, dropped 957.14 points or 1.96% at 47,874.89. The Nifty 50 index tumbled 285.85 points or 1.96% at 14,332.
Housing Development Finance Corporation (HDFC) (down 3.32%) and ICICI Bank (down 3.26%) were major drags.
In the broader market, the S&P BSE Mid-Cap index lost 2.07%. The S&P BSE Small-Cap index declined 1.71%.
Sellers outnumbered buyers. On the BSE, 647 shares rose and 2,217 shares fell. A total of 182 shares were unchanged. ....

Uttar Pradesh , United States , Bharti Airtel , Navikarniya Urja , Christopher Waller , Insurance Company , Axis Bank , Ministry Of Health , Indusind Bank , University Of Michigan , Den Networks , Millicom International Cellular , China Huarong Asset Management Co , Ultratech Cement Co , Housing Development Finance Corporation , Development Finance Corporation , Family Welfare , Reserve Bank , Adani Ports , Special Economic Zone , Ultratech Cement , Perpetual Debt Instruments , Long Term Bonds , General Insurance Company , Direct Premium Income , Reserve Governor Christopher Waller ,

ICICI Lombard Q4 PAT rises 23% YoY


ICICI Lombard General Insurance Company s net profit jumped 22.6% to Rs 345.68 crore on a 22.2% surge in net sales to Rs 3,628.23 crore in Q4 FY21 over Q4 FY20.
Gross Direct Premium Income (GDPI) of the company stood at Rs 3,478 crore in Q4 FY2021 compared to Rs 3,181 crore in Q4 FY2020, registering a growth of 9.4% Y-o-Y (year-on-year). The industry growth for Q4 FY2021 was at 14%.
Combined ratio stood at 101.8% in Q4 FY2021 as against 100.1% in Q4 FY2020. Return on Average Equity (ROAE) was at 18.8% in Q4 FY2021 over 18.8% in Q4 FY2020. Solvency ratio was 2.90x at 31 March 2021 from 2.76x at 31 December 2020 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.17x at 31 March 2020. ....

Insurance Company , General Insurance Company , Direct Premium Income , Average Equity , Capital Market , காப்பீடு நிறுவனம் , ஜநரல் காப்பீடு நிறுவனம் , நேரடி ப்ரீமியம் வருமானம் , சராசரி பங்கு , மூலதனம் சந்தை ,