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ICICI Lombard Q4 results: There's no insurance cover against slowdown

Premium income (excluding crop biz) lagged industry growth in Q4

Topics
ICICI Lombard | Insurance | Lockdown

Hamsini Karthik  |  Mumbai 

With the banking sector hit by a fresh wave of possible asset quality issues, the Street had viewed insurance stocks favourably. Whether it be for life or general insurance firms, the view was they would possibly beat the slowdown better than other financial services players. However, as insurance companies publish their March quarter (Q4) results, the view appears to be more of a myth than genuine expectation.

Take ICICI Lombard’s Q4 performance. Its gross direct premium income (GDPI) fell 8.7 per cent year-on-year in Q4. Even if one attributes the sharp 119 per cent ...

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First Published: Mon, May 04 2020. 18:44 IST
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