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ICICI Lombard General Insurance reports 23% rise in Q4 consolidated net profit

19 Apr 2021 Evaluate

ICICI Lombard General Insurance Company has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a rise of 22.61% in its net profit at Rs 345.68 crore for the quarter under review as compared to Rs 281.93 crore for the same quarter in the previous year. Total income of the company increased by 22.40% at Rs 3489.39 crore for Q4FY21 as compared Rs 2850.79 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a rise of 23.40% in its net profit at Rs 1473.05 crore as compared to Rs 1193.76 crore for the previous year. Total income of the company increased by 10.03% at Rs 12161.37 crore for year under review as compared to Rs 11052.76 crore for year ended March 31, 2020.

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