ICICI Lombard Q2 net profit growth 15.5%; Rs 7 dividend announced

Mumbai: ICICI Lombard General Insurance reported net profit growth of 15.5% in the second quarter of the financial year ended September 30 to ₹946 crore compared to the corresponding period last year as the insurer reported strong momentum in motor and commercial lines.

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During the same period a year ago, the company had reported net profit of ₹820 crore. The company reported dividend of ₹7 per share for first half of the financial year.


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Gross premium income rose 3% to ₹6,792 crore against ₹6,596 crore as against the industry growth of 7%. Net premium earned rose 17.7% to ₹6,652 crore in the quarter from ₹5,652 crore a year earlier. Net profit was ₹819.5 crore in the year-ago period. Shares of the company rose 0.92% to ₹1,715.70 on BSE on Wednesday.