ICICI Lombard reports 47% increase in net profit to Rs 746.6 crore, driven by motor segment growth

ICICI Lombard reports 47% increase in net profit to Rs 746.6 crore, driven by motor segment growth 1)

- reported a net profit after tax of Rs 746.6 crore, marking a strong 47.6 percent jump year-on-year from Rs 505.9 crore in Q1 FY25. 2) The surge was primarily driven by higher investment income and a recovery in underwriting performance, particularly in the Motor segment, according to a BSE filing by the company. 3) Gross premiums written during the quarter stood at Rs 8,05,255 lakh, a 1.5 percent increase from Rs 7,93,105 lakh in the same quarter last year. 4) Net premiums written rose to Rs 5,61,052 lakh, up 4.7 percent from Rs 5,36,053 lakh in Q1 FY25. Net premium earned came in at Rs 5,13,609 lakh, registering a 14 percent growth from Rs 4,50,388 lakh last year. 5) Overall results are good. 6) All this is just for information. 7) This is not a buy/sell call. Thank you, Technofunda24