MoneyWorks4Me

ICICI Lombard General Insurance Company reports 32% rise in Q2 net profit

19 Oct 2022 Evaluate

ICICI Lombard General Insurance Company (LGIC) has reported results for second quarter ended September 30, 2022.

The company has reported rise of 32.21% in its net profit at Rs 590.53 crore for Q2FY23 as compared to Rs 446.67 crore for the corresponding quarter previous year. Total income of the company increased by 18.14% to Rs 4499.03 crore for the quarter under review as compared to Rs 3808.16 crore for the same quarter in the previous year.

ICICI Lombard General Insurance Company offers its customers a comprehensive and well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels.

Peers