ICICI Lombard Q1 Financial Highlights

MUMBAI: ICICI Lombard has announced an impressive 28% increase in net profit for the June quarter, totaling Rs 747 crore. This growth was significantly fueled by higher capital gains and enhanced returns on equity, showcasing the company's robust financial health.

Capital gains saw a notable rise to Rs 380 crore from Rs 284 crore in the previous quarter. Meanwhile, the gross direct premium income experienced a slight uptick, moving to Rs 7,735 crore from Rs 7,688 crore.

Looking Ahead

With these promising figures, ICICI Lombard continues to solidify its position in the insurance sector, promising more growth and stability in the coming quarters.