XTRAS: It was the first general insurance company of India to issue subordinated debt. Its gross domestic premium income reached Rs135.92 billion for the year ended oon March 31, 2020.
ICICI Lombard General Insurance Company Limited was established in2001. The company has a Gross Written Premium (GWP) of ₹143.20 billion (FY2021). The firm offers policy insurance and renewal in areas of Car Insurance, Health Insurance, Two Wheeler Insurance, Home Insurance Weather insurance etc.
Financial Highlights
• The CAGR of 5 years stands at 19.42 % which indicates the company is moving ahead with constant positive growth.
• The profit remains undeflected, taking an upward growth even during the pandemic period, which defines the general insurance industry possess enormous growth potential.
• Being an insurance company, it is exposed to a high risk of liabilities, hence the company has been increasing the assets for half-decade to keep the financials balanced.
• The company provided an exponentially high dividend to the shareholder this year, as the net profit increases and net profit ratio decreases, which signifies the sales have increased.
• EPS kept moving up at a constant pace which indicates investors trusting in the company's growth and willing to continue investing.
• As a general insurance company, contingent liabilities have ups and downs, this year the contingent liability remained higher than the average of the last 5 years.
Cash Flow Analysis
• The Cash flow from operations during the 4-year period remains positive which is a good sign. Although, Cash from operation in the year 2021 decreased from Rs34328 to Rs17736.
• The Cash flow from investing activities is -ve throughout the year as the company is investing in long-term fixed assets and The Cash flow from the Financing activities of is showing that the company is paying off its debts.
• Overall, the Net Cash flow has had a big up and down for the past 4 years.
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