ICICI Lombard General Insurance Q2 Results: Net Profit Surges 18% YoY, Dividend Declared
ICICI Lombard General Insurance Co.’s net profit rose 18% on a year-on-year basis in the quarter ended September, driven by a significant increase in premium income and improved operational efficiency.
Key Highlights of Q2 Results
- Net profit surged 18% to Rs 820 crore in Q2 FY26, compared to Rs 694 crore in the year-ago period.
- Total income rose 12.5% to Rs 6,583 crore, driven by a 12.45% increase in net premium earned to Rs 5,651 crore.
- Gross premium grew 1.61% to Rs 7,058.6 crore, compared to Rs 6,946.3 crore in the corresponding quarter of the previous fiscal.
Dividend Declaration
The company also announced an interim dividend of Rs 6.5 per share to the eligible shareholders with a face value of Rs 10 for the financial year ending March 31, 2026. The record date for determining the candidates is October 31, and the dividend will be disbursed to the concerned shareholders before November 13.
Stock Market Reaction
Shares of ICICI Lombard General Insurance closed 1.72% higher at Rs 1,854.8 apiece on the NSE, compared to a 0.32% fall in the benchmark Nifty. The stock has fallen 11.23% in the last 12 months and risen 3.75% on a year-to-date basis.
Analysts’ View
Out of 29 analysts tracking the company, 19 have a ‘buy’ rating on the stock, eight recommend ‘hold’, and two suggest ‘sell’, according to Bloomberg data. The average of 12-month analysts’ price target implies a potential upside of 15.3%.
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Investment Implications
The Q2 results of ICICI Lombard General Insurance are a positive indicator of the company’s growth prospects and its ability to navigate the challenges in the insurance sector. Investors looking to invest in the insurance sector may consider ICICI Lombard General Insurance as a potential investment opportunity, given its strong track record and growth potential.
However, it is essential to conduct thorough research and analysis before making any investment decisions. Investors should consider their individual financial goals, risk tolerance, and investment horizon before investing in any stock. Additionally, they should stay informed about the latest market trends and news, including Q2 results of Indian companies and Indian economy updates.
Conclusion
In conclusion, the Q2 results of ICICI Lombard General Insurance are a positive development for the company and its investors. The company’s strong growth prospects, combined with its ability to navigate the challenges in the insurance sector, make it an attractive investment opportunity for those looking to invest in the Indian stock market.
