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

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