ICICI Lombard General Insurance Company Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1158.6, down 0.94% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 18104.2. The Sensex is at 60848.05, down 0.02%.ICICI Lombard General Insurance Company Ltd has eased around 5.37% in last one month.Meanwhile, Nifty Energy index of which ICICI Lombard General Insurance Company Ltd is a constituent, has eased around 0.47% in last one month and is currently quoting at 18739.7, up 0.52% on the day. The volume in the stock stood at 26.76 lakh shares today, compared to the daily average of 7.71 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 1161.95, down 0.66% on the day. ICICI Lombard General Insurance Company Ltd tumbled 16.14% in last one year as compared to a 2.76% rally in NIFTY and a 4.37% spurt in the Nifty Energy index.

The PE of the stock is 35.8 based on TTM earnings ending December 22.

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Profit before tax stood at Rs 465.26 crore in quarter ended 31 December 2022, registering a growth of 10.5% from Rs 420.94 crore posted in Q3 FY22.

The insurance company's capital gains jumped 16.03% to Rs 152 crore in Q3 FY23 as against Rs 131 crore in Q3 FY22.

Gross Direct Premium Income (GDPI) of the company was at Rs 5,493 crore in Q3 FY23 as compared to Rs 4,699 crore posted in Q2 FY22, registering a growth of 16.9% as against the industry growth of 18.1%.

Excluding crop, GDPI growth of the company was at 17.1%, which was higher than the industry growth of 16.6% in Q3 2023.

Combined ratio was at 104.4% in Q3 FY23 as compared to 104.5% registered in the same period a year ago.

Solvency ratio was 2.45x as at 31 December 2022 as against 2.47x as at 30 September 2022 which was higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.46x as at 31 March 2022.

Return on Average Equity (ROAE) increased to14.3% in Q3 FY23 as against 14.6% recorded in Q3 FY22.

ICICI Lombard General Insurance Company is one of the leading general insurance companies and the leading motor insurer in the country. The company offers a comprehensive and well-diversified range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance.

Shares of ICICI Lombard General Insurance Company tumbled 4.11% to Rs 1,198.80 on the BSE.

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Net profit of ICICI Lombard General Insurance Company rose 11.02% to Rs 352.53 crore in the quarter ended December 2022 as against Rs 317.53 crore during the previous quarter ended December 2021. Sales rose 14.50% to Rs 3792.05 crore in the quarter ended December 2022 as against Rs 3311.88 crore during the previous quarter ended December 2021.

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ICICI Lombard General Insurance Company Ltd is up for a third straight session today. The stock is quoting at Rs 1284.1, up 3.44% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.12% on the day, quoting at 18175.95. The Sensex is at 61077.73, down 0.15%. ICICI Lombard General Insurance Company Ltd has gained around 4.96% in last one month.

Meanwhile, Nifty Energy index of which ICICI Lombard General Insurance Company Ltd is a constituent, has gained around 0.93% in last one month and is currently quoting at 19074.45, up 0.22% on the day. The volume in the stock stood at 7.58 lakh shares today, compared to the daily average of 5.31 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 1290.95, up 3.22% on the day. ICICI Lombard General Insurance Company Ltd is down 9.8% in last one year as compared to a 2.08% jump in NIFTY and a 6.37% jump in the Nifty Energy index.

The PE of the stock is 38.87 based on TTM earnings ending September 22.

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