ICICI Lombard Q3 net profit rises 68% to Rs 724 crore

Quick Summary:

ICICI Lombard reported a 68% increase in net profit to Rs 724 crore for Q3 ended December 2024, compared to Rs 431 crore in the same period last year.

Gross direct premium income slightly fell to Rs 6,214 crore.

The solvency ratio was recorded at 2.36x, exceeding the regulatory minimum of 1.50x.

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Author / Journalist: PTI

Category: EconomyBusiness

Markets: IndiaIsraelJapan

Topics: Net profit rise ICICI Lombard ICICI Lombard Q3 net profit Gross direct premium income Insurance industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-18 @ 01:24:08 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 382 words

Reading Time: 3 minutes read

Sentences: 11 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25222894

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