Read More | Source: Times of India | Title: ICICI Lombard posts 22.6% rise in Q4 net profit
MUMBAI: Non-life insurer ICICI Lombard General Insurance on Saturday reported a net profit of Rs 346 crore for the quarter ended March 2021 – an increase of 22.6% from Rs 282 crore in the corresponding quarter last year.
For the full FY21, the company’s net profit stood at Rs 1,473 crore. The company said that the ratio of claims to premium in health insurance had worsened from 70% last year to 78% this year.