The general insurer's shares tumbled after a 46 per cent drop in June-quarter profit, as higher claims, reserve provisioning and competitive pressures weighed on profitability
ICICI Lombard General Insurance Company's share price crashed 15 per cent after sharp decline in profit and increased COR.
ICICI Lombard General Insurance reported a 46 per cent decline in first-quarter profit as higher claims, reserve provisions and large fire losses weighed on profitability
Growth in protection products is expected to offset the impact of GST-related input tax credit changes on life insurers, while lower combined ratios may support non-life insurers' profitability
The brokerage said that it prefers Star Health in the space as it has recommended a 'Buy' rating on the stock for a target price of ₹650.
The insurer said customers should consider higher sums insured to keep pace with rising treatment costs, while stressing that the final decision rests with policyholders
Among the companies, Bajaj Auto has announced the highest final dividend of ₹150 per share, with May 29, 2026, fixed as the record date
Stocks to Watch today: Wipro, ICICI Lombard General Insurance, HDB Financial Services, Tejas Networks, Brigade Enterprises, SAMHI Hotels, Delhivery are among the key stocks in focus today.
Private insurer reports steady premium growth and higher investment income in Q4, while underwriting losses widen and combined ratio improves slightly
The insurer's profit after tax rose to 5.47 billion rupees ($58.55 million) for the three months ended March 31, from 5.10 billion rupees a year earlier
Q4FY26 company results: Firms including HDB Financial Services, GTPL Hathway, Tejas Networks, and Elecon Engineering Company are also to release their January-March earnings today
Iran-related geopolitical tensions have triggered significant notional losses in LIC's investment portfolio, weighing on its stock price, says Geojit Investments.