ICICI Lombard General Insurance Company Limited Announces Audited Financial Results for the Third Quarter and Nine Months Ended December 31, 2018
January 18, 2019 at 06:22 pm IST
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ICICI Lombard General Insurance Company Limited announced audited financial results for the third quarter and nine months ended December 31, 2018. For the quarter, the company reported net premium written of INR 25,969.1 million against INR 19,659.2 million year ago. Operating profit was INR 2,768.3 million against INR 2,894.5 million year ago. Profit after tax was INR 2,391.4 million against INR 2,317.6 million year ago. Basic earnings per share after extraordinary items (net of tax expense) for the period were INR 5.27 against INR 5.11 a year ago. Diluted earnings per share after extraordinary items (net of tax expense) for the period were INR 5.26 against INR 5.11 a year ago.
For the year to date, the company reported net premium written of INR 70,775.4 million against INR 59,372.7 million year ago. Operating profit was INR 9,346.8 million against INR 6,833.6 million year ago. Profit after tax was INR 8,215.3 million against INR 6,499.1 million year ago. Basic earnings per share after extraordinary items (net of tax expense) for the period were INR 18.10 against INR 14.34 a year ago. Diluted earnings per share after extraordinary items (net of tax expense) for the period were INR 18.06 against INR 14.33 a year ago.
ICICI Lombard General Insurance Company Limited is an India-based general insurance company. The Company offers a comprehensive and diversified range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. Its segments include Fire, Marine, Health including Personal Accident, Miscellaneous, Crop Insurance and Motor. Its Health including Personal Accident segment includes health retail, health group corporate and health government business. Its Miscellaneous segment includes miscellaneous retail and miscellaneous group corporate business. Its motor insurance includes car insurance, bike insurance and motor floater. Its health insurance includes Health AdvantEdge, MaxProtect, health booster, personal protect, Arogya Sanjeevani Policy, Saral Suraksha Bima and others. Its other insurances include crop insurance, NRI insurance, cyber insurance, ICICI Bharat Griha Raksha Policy and others.