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ICICI Lombard General Insurance has posted a net profit of Rs.968 crore in April-Sept 2023. The company recorded a net profit of Rs.940 crore during the corresponding period last year.
In terms of profit before tax, the company has seen its profitability increased to Rs.1284 crore in April-Sept 2023 as against Rs.1075 crore in April-Sept 2022.
The growth in profitability has come from increased gross direct premium income which went up by 18%.
Let’s look at some key numbers
- The general insurer posted net profit of Rs.580 crore in July-Sept 2023
- Profit before taxation has also increased to Rs.764 crore
- The company has declared dividend of Rs.5 per share