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ICICI Lombard net profit dips 46% due to large claims
MUMBAI: ICICI Lombard General Insurance reported a net profit of Rs 403 crore for Q1 FY2027, marking a sharp decline of 46.0% compared to Rs 747 crore in the corresponding quarter last year. This significant drop was due to two large claims in fire insurance amounting to Rs 63 crore, a rise in provisions for motor claims by Rs 165 crore following a Supreme Court judgement and a sharp rise in crop insurance provisions.
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economictimes.indiatimes.com
ICICI Lombard Q1 Results: Profit falls 46% on commercial insurance slowdown, higher claims
ICICI Lombard reported a dramatic forty-six percent drop in profit for the first quarter, attributed to a downturn in commercial insurance and heightened claims payments. Despite…
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thehindubusinessline.com
ICICI Lombard Q1 net falls 46% at ₹403.17 crore
The insurer’s net profit for the first quarter last fiscal stood at ₹747.08 crore. During Q1FY27, its net premium underwritten rose 17.70 per cent year-on-year at ₹6,603.73 crore…
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timesofindia.indiatimes.com
ICICI Lombard net profit dips 46% due to large claims
MUMBAI: ICICI Lombard General Insurance reported a net profit of Rs 403 crore for Q1 FY2027, marking a sharp decline of 46.0% compared to Rs 747 crore in the corresponding…
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ICICI Lombard Q1 profit slumps 46% to Rs 403 crore on fire claims, SC verdict impact
ICICI Lombard's net profit fell 46 per cent in the June quarter. This decline resulted from two large fire insurance claims. A Supreme Court judgment also impacted its motor…
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ICICI Lombard shares slump 15% to 52-week low after weak Q1 results trigger brokerage downgrades
Brokerages cut target prices amid concerns over earnings outlook
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ICICI Lombard General Insurance shares tumble 15% after Q1 profit takes a hit
ICICI Lombard shares tumbled 15% after the insurer reported a 46% YoY decline in Q1 FY27 net profit to Rs 403 crore, hit by large fire claims and the Supreme Court's Motor TP…
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Explained: Why ICICI Lombard shares tumbled 15% in their biggest fall since the COVID crash
ICICI Lombard shares fell sharply to hit a 52-week low on Thursday after its June-quarter earnings missed estimates, prompting brokerages to slash target prices and downgrade…