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ICICIGI
has reported an 18% year-on-year increase in net profit for Q2 FY26, despite a slight decline in its gross direct premium income. The company’s combined ratio—which is the measure of claims + operating expenses vs premiums—rose modestly, both including and excluding catastrophic losses. A big part of its strength was its performance in health and motor insurance segments, which continue to drive premium growth. Analysts have taken note, and the stock rallied on the back of these steady fundamentals and profitability metrics.
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