ICICI Lombard General Insurance Company Share Price Live

History

Business Segments 

1. Motor Insurance: This division offers a comprehensive range of products, including comprehensive motor insurance, third-party motor insurance, two-wheeler insurance, commercial vehicle insurance, private car insurance, and taxi insurance. It stands as a prominent player in India's motor insurance sector, serving a wide customer base ranging from individuals to businesses and government agencies.
2. Health Insurance: It provides a diverse array of insurance options, such as individual and family health insurance, group health insurance, critical illness insurance, hospitalisation insurance, and surgical insurance. 
3. Other Insurance: This includes property, marine, engineering, liability, travel, and home insurance, providing clients with a comprehensive suite of coverage options. 

Key Personnel 

1. Bhargav Dasgupta, Managing Director and CEO 

Financial Performance

• The General insurance industry achieved a 15-year GDPI (Gross Direct Premium Income) CAGR of 15.5%, while the Company delivered a slightly lower GDPI CAGR of 13.1% during the same period.
• The Company delivered a significant 20.7% CAGR in Profit After Tax (PAT) over the last 15 years.
• In fiscal 2023, the Company issued 32.7 million policies, resulting in a GDPI of ₹210.25 billion.
• The Company gained market share in Engineering and Liability lines of business and maintained its market share in Fire. In the group health segment, the Company achieved growth of 43.9% in fiscal 2023.
• Digital revenues, including those sourced through the IL TakeCare app, amounted to ₹10.95 billion, contributing 5.2% to the Company's overall GDPI for fiscal 2023.
• The Company's Combined Ratio improved from 108.8% in fiscal 2022 to 104.5% in fiscal 2023, leading to a 36.0% growth in Profit After Tax (PAT) to ₹17.29 billion in fiscal 2023.