 "ICICI Lombard")
Private sector insurer ICICI Lombard General Insurance reported a net profit of Rs 446 crore in the July - September quarter (Q2) of FY22, marginally higher than the last year’s net profit of Rs 416 crore. But on a sequential basis, the net profit has more than doubled.
The general insurer’s gross direct premium rose by 38.72 per cent on a year-on-year (YoY) basis to Rs 4,424 crore in Q2FY22 compared to Rs 3,189 crore in Q2FY21.
As the company has merged Bharti Axa General Insurance business with itself, the numbers are not comparable with the previous year’s numbers.
The
