ICICI Lombard General Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 59615.59 crore) operating in Financial Services sector.
ICICI Lombard General Insurance Company key Products/Revenue Segments include Miscellaneous Insurance, Other Operating Revenue, Fire Insurance and Marine Insurance for the year ending 31-Mar-2022.
Financials
Investment Rationale
MOSL expects the company to deliver a gross premium/PAT CAGR of 19%/27% over FY22-24, led by stronger new auto sales, investments in the health distribution channel and technology. It expects the expense ratio to fall to 27.9% in FY24 from 29.1% in FY22. The combined ratio/RoE is likely to improve to 102.2%/18.8% in FY24E from 108.8%/15.4% in FY22. It maintains BUY rating on ICICIGI with a TP of Rs 1,500 (35x FY24E P/E).
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