ICICI Lombard General Insurance Q4 profit up 7.5% at Rs 228 crore

ICICI Lombard's total income increased to Rs 2,519.72 crore as against Rs 2,066.64 crore in the last quarter of the previous fiscal

By PTI  
Thursday, April 18, 2019

ICICI Lombard General Insurance Thursday reported 7.5 per cent increase in profit at Rs 228 crore for the fourth quarter of 2018-19 financial year.

The company's net profit in the year-ago period stood at Rs 212 crore.

Total income increased to Rs 2,519.72 crore as against Rs 2,066.64 crore in the last quarter of the previous fiscal.

The insurer's board has recommended a final dividend of Rs 3.50 per equity share of face value of Rs 10 each, the company said in a statement.

"Solvency ratio was 2.24x at March 31, 2019 as against 2.12x at December 31, 2018 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.05x at March 31, 2018," it said.

ALSO READ: Reliance Industries Q4 net profit surges 9.8% to Rs 10,362 crore, revenue jumps 19.4%

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