InvestorQ : What explains the sharp growth in the profits of ICICI Lombard in the Sep-20 quarter?
Arusha Ray made post

What explains the sharp growth in the profits of ICICI Lombard in the Sep-20 quarter?

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2 months ago
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The general insurance wing of ICICI, reported 35% jump in its net profits at Rs.416 crore for the Sep-20 quarter. In the Sep-19 period, ICICI Lombard had posted net profits of Rs.308 crore. Its total revenues for the quarter were about 5% up at Rs.2883 crore.

During the quarter, the net premium earned grew to Rs.2463 crore. During the quarter, ICICI Lombard reported 8% higher Gross direct premium income rose or GDPI at Rs.3189 crore. Health insurance continues to be the biggest source of business for ICICI Lombard.
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