ICICI
LOMBARD GENERAL INSURANCE COMPANY LIMITED – A QUICK, EASY AND SMART WAY TO
INSURE YOUR LIFE AND ASSETS WITH A STRONG ICICI GROUP COMPANY.
ICICI
LOMABRD GENERAL INSURANCE COMPANY LIMITED, incorporated in Year 2000, is a Joint Venture between ICICI Bank Limited
and Fairfax Financial Holdings Limited, a Canada based diversified
financial services company. ICICI Lombard
provides all types of insurance services to customers across the country and
beyond with its 257 no. of branches
as on March 2016.
With IRDIA approval to increase stake of
FDI in insurance segment, Fairfax
increased its stake to 34% from 25% in ICICI Lombard with share transfer
agreement with ICICI Bank the largest shareholder of Lombard in year 2016.Fairfax bought around 9% stake from ICICI
Bank Ltd valuing the Lombard around Rs. 17000+ crs.
(Read More - FAIRFAX BUYS STAKE IN ICICI LOMBARD)
General Insurance
Industry witness a tremendous growth of around 13.8% in Gross Written Premium in
FY 2016 i.e Rs. 96,400 crs from Rs. 84,600 crs in FY 2015.With growth in
overall industry ICICI Lombard also made
a remarkable increase in GWP (i.e gross written premium) to Rs. 8307 crs in FY
2016 from Rs. 6914 crs in FY 2015.
ICICI
Lombard achieved an overall solvency ratio i.e (Claim settlement capacity) was
around 1.82x which is higher than the industrial
standard of 1.50x, witness total claim
settlement of Rs. 1.62 Million in FY2016. ICICI Lombard sold around 15800144
polices compared to 11222084 policies in year 2014.
5 Year Financial Highlights (Fig In Crs.)
PARTICULAR
|
2016
|
2015
|
2014
|
2013
|
2012
|
GROSS PREMIUM
|
8090.7
|
6677.7
|
6856.1
|
6133.9
|
5150.1
|
NET PREMIUM
|
54348.9
|
4427.6
|
4497.9
|
4145.4
|
4108.7
|
INVESTMENT
|
929.9
|
764.1
|
659.3
|
463.4
|
308.2
|
TOTAL INCOME
|
6404.9
|
5214.5
|
5176.9
|
4622.1
|
4505.1
|
PBT
|
707.6
|
690.7
|
520.2
|
281.6
|
-395.2
|
PAT
|
507.4
|
535.6
|
511.3
|
305.7
|
-416.3
|
EPS
|
11.35
|
12.03
|
11.5
|
7
|
-9.56
|
EQUITY
|
447.53
|
446.5
|
445.0
|
437.0
|
436.5
|
BV
|
70.96
|
63.22
|
53.5
|
40.4
|
33.4
|
For
buying and selling any unquoted / unlisted / delisted or suspended shares in
physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on
mittalmanish2003@gmail.com
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