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Company details

1,107.85
1,148.60
1,070.95
1,674.00
6M Return -18.48%
1Y Return -27.14%
Mkt Cap.(Cr) 56,062.21
Volume 17,139
Div Yield 0.70%
OI
-
OI Chg %
-
Volume 17,139

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SWOT

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EMA SMA

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Our Research View

Trading recommendation

Data not found

Investment recommendation

Call Date

22 Apr 2022

Entry Price

1,333.00

Target Price

1,550.00

Duration

12-18 Month

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 7,435.14 Cr FV: 10.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 20,746.28 -48,175.14
LAST 3M 72,514.10 -88,466.89
LAST 6M 138,950.67 -220,570.12
LAST 12M 230,551.63 -248,467.70

Information

  • About Company
  • Company Info
  • Listing Info
44.13
48.04%
187.2167
26.42%
21.71%
Description
  • ICICI Lombard General Insurance Company Limited is the largest private-sector non-life insurer in India based on gross direct premium income in fiscal 2018. The company offers a comprehensive and well-diversified range of products, including motor insurance, health insurance, personal accident insurance, crop insurance, fire insurance, marine insurance and engineering and liability insurance, through multiple distribution channels. The key distribution channels of the company include direct sales, individual agents, bank partners, other corporate agents, brokers, and online, through which the company service its individual, corporate and government customers. The company was established as a joint venture between ICICI Bank - India`s largest private sector bank in terms of consolidated total assets at Rs 9.9 trillion end March 2017, and Fairfax Financial Holdings - Canadian based holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management with US$ 43.38 billion of total assets end December 2016. The Company was incorporated on October 30, 2000 as ICICI Lombard General Insurance Company Limited, a public limited company. The Company obtained the certificate of commencement of business on January 11, 2001 from the Registrar of Companies, Mumbai. It is registered with IRDAI for carrying out the Class of Business pursuant to the registration certificate dated August 3, 2001. At that time, ICICI Bank and Lombard Canada Ltd. (a nominee of Fairfax) held 74% and 26% of the company`s then issued and paid-up capital, respectively. On July 6, 2017, FAL Corporation (Affiliate of Fairfax Financial Holdings Limited) transferred 48,101,387 Equity Shares constituting 10.60% of the Company`s issued and paid-up capital to certain private equity/financial investors. On July 7, 2017, FAL transferred 72,11,596 Equity Shares constituting 1.59% of the Company`s issued and paid-up capital to a financial investor. Thereafter, ICICI Bank and FAL held 285,605,284 Equity Shares and 99,464,479 Equity Shares constituting 62.92% and 21.91% the company`s issued and paid-up capital, respectively. ICICI Lombard General Insurance Company started operations during the year 2000-2001. During the year 2003-04, it became the largest private sector general insurer in India. During the year 2005-06, the company crossed the mark of 1 million policies and crossed the receipt of Rs 1000 crore of Gross Direct Premium Income (GDPI). In 2009-10, the company settled more than 5 million claims. During the year 2013-14, the company`s profit after tax crossed Rs 500 crore mark and the number of policies issued by the company crossed 10 million. During the year 2014-15, the company`s investment book size crossed Rs 10000 crore mark. During the year 2015-16, the company became the first general insurance company in India to issue subordinated debt. During the year 2016-17, ICICI Lombard General Insurance Company crossed Rs 10000 crore GDPI mark. In September 2017, ICICI Lombard General Insurance Company Limited came out with an initial public offer wherein ICICI Bank and FAL proposed to sell 31,761,478 Equity Shares and 54,485,709 Equity Shares constituting 7.00% and 12.00% of the Company`s issued and paid-up capital, to the public respectively. There was no fresh issue of shares from ICICI Lombard General Insurance Company. The shares of ICICI Lombard General Insurance c were listed on the bourses on 27 September 2017 and it became the first pure play general insurance company in India to list on the stock exchanges. On 5 April 2018, Ola, India`s leading and one of the world`s largest ride-sharing companies, announced the launch of a comprehensive intrip insurance program for its customers across India in partnership with Acko General Insurance Ltd and ICICI Lombard General Insurance Company. The first-of-its-kind program is being rolled out for customers in major metros and will be scaled up to all cities, covering the entire base in the coming weeks. The comprehensive insurance program provides benefits in cases of loss of baggage or laptops, missed flights, accidental medical expense, ambulance transportation cover, and much more. The optional intrip insurance program can be purchased through the Ola app. The claims can be made through the Ola app as well as the provider`s website, mobile app and, call center. On 2 May 2018, ICICI Lombard General Insurance Company announced that it has become the 1st company in India to be certified by the British Standard Institution (BSI) for compliance with the revised ISO 31000:2018 Enterprise Risk Management (ERM) Guidelines released in February 2018. ICICI Lombard has been awarded Certificate of Compliance for a period of 3 years from 16 April 2018 to 15 April 2021, on successful completion of the ISO 31000:2018 compliance process for its ERM systems. On 20 August 2018, ICICI Lombard General Insurance Company announced that it has launched India`s first Artificial intelligence (AI) based technology to facilitate instant health insurance claims approval. As a result, the traditional cashless claim request which takes an average of 60 minutes of processing has been drastically brought down to a minute using AI. On 23 August 2018, ICICI Lombard General Insurance Company announced that it has implemented host of initiatives to support the customers affected by Kerala floods. The company has written premium of Rs. 85.98 crs (primarily motor, property & health insurance) during FY 2017-18 which comprises 0.7% of gross direct premium income (GDPI) during FY 2017-18 (1.57% of the GDPI for all non-life insurance companies from Kerala State) and Rs. 19.24 crs during Q1 FY 2018-19 which comprises 0.51% of gross direct premium income (GDPI). As of now, the number of claims received are limited considering that the flood waters are yet to recede in the State of Kerala. The company has put in place a well-defined retention limit for each product segment which defines its maximum `per risk` and `per event` exposure to protect its balance sheet and reduce volatility of its earnings. On 17 September 2018, ICICI Lombard General Insurance Company announced the launch of the industry`s first application to facilitate speedier claim verification process. Currently, claim settlement cases that need to be verified takes from a day to more than a week in some cases. This time intensive process will be reduced drastically to a few hours with the app. The state of the art technology deployed in the app will also benefit the company as it will be able to identify incidents of fraud claim quickly, making the process more efficient and ensuring that genuine cases are resolved in a speedy manner. Further, the solution will integrate with the company`s health claims management system that has inbuilt alerts to trigger suspect claims for verification. On 30th October, 2019, the Company entered into a business transfer agreement to acquire proprietary software, platforms and underlying intellectual property assets developed by Unbox Technologies Private Limited along with ancillary movable assets for housing the Software and employees for operations, maintenance and development of the Software for an aggregate consideration of Rs 2,248,500 thousands on a slump sale basis being managements estimate of fair value of the identifiable assets. The COVID-19 has been declared a pandemic by the World Health Organization on 11 March 2020. The pandemic has led to a significant impact on the Indian Financial markets and an overall decline in the economic activities all across the world. On 24 March 2020, the Union Government of India has announced a 21-day lockdown, which was further extended by 19 days, across the country for containment of the pandemic. Gross Direct Premium Income (GDPI) of the Company stood at Rs 133.13 billion in FY2020 compared to Rs 144.88 billion in FY2019, a de-growth of 8.1%.Excluding crop segment, GDPI of the Company increased to Rs 133.02 billion in FY2020 compared to Rs 120.36 billion in FY2019, registering a growth of 10.5%. The Board of Directors of the Company at its Meeting held on 21 August 2020, have, inter alia, approved a Scheme of Arrangement amongst Bharti AXA General Insurance Company Limited ("Demerged Company" or "Bharti AXA") and ICICI Lombard General Insurance Company Limited ("Company") and their respective shareholders and creditors ("Scheme"), prepared pursuant to Sections 230 to 232, other applicable provisions of the Companies Act, 2013 read with the rules framed thereunder and Section 35 to 37 and other applicable provisions of the Insurance Act, 1938 (read with the rules and regulations framed thereunder). The Scheme provides inter alia for the demerger of the general insurance business of the Demerged Company into the Company as a going concern with effect from the Appointed Date i.e. 01 April 2020 and, as consideration for the demerger, the issue of 35,756,194 equity shares of the Company to the shareholders of the Demerged Company once the Scheme becomes effective. The Scheme is subject to, inter alia, applicable statutory and regulatory approvals including from Insurance Regulatory and Development Authority of India ("IRDAI"), Competition Commission of India, Stock Exchanges, Securities and Exchange Board of India, shareholders and creditors of the companies involved in the Scheme and the relevant jurisdictional benches of the National Company Law Tribunal ("NCLT") and will take effect when final approval is received from IRDAI in accordance with the Insurance Act, 1938 read with the Insurance Regulatory Development Authority (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011 and other rules and regulations framed thereunder. The Company has received approval from (a) CCI, (b) an in-principle approval from IRDAI under Section 35 to 37 of the Insurance Act, 1938 read with IRDA (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011, (c) Observation letters issued by BSE Limited and National Stock Exchange of India Limited, enabling the Company to file the draft Scheme with NCLT.During the quarter ended 31 March 2021, the equity shareholders of the Company at its Meeting held on 23 February 2021, as per the directions of the NCLT, have approved the Scheme of Arrangement with requisite majority. Gross Direct Premium Income (GDPI) of the Company stood at Rs 140.03 billion in FY2021 compared to Rs 133.13 billion in FY2020, growth of 5.2%.

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Registered Address

ICICI Lombard House 414, Veer Savarkar Marg Prabhadevi, Mumbai, Maharashtra, 400025

Tel : 91-22-61961100
Email : investors:icicilombard.com
Website : http://www.icicilombard.com

Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540716
NSE Code : ICICIGI
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE765G01017

ICICIdirect ICICI Lombard General Insurance Company Ltd FAQ

You can buy ICICI Lombard General Insurance Company Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy ICICI Lombard General Insurance Company Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jul 01, 2022 04:01 PM the closing price of ICICI Lombard General Insurance Company Ltd was ₹ 1,142.05.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jul 01, 2022 04:01 PM, the market cap of ICICI Lombard General Insurance Company Ltd stood at ₹ 56,062.21.
The latest PE ratio of ICICI Lombard General Insurance Company Ltd as of Jul 01, 2022 04:01 PM is 44.13
The latest PB ratio of ICICI Lombard General Insurance Company Ltd as of Jul 01, 2022 04:01 PM is 0.16
The 52-week high of ICICI Lombard General Insurance Company Ltd is ₹ 1,674.00 while the 52-week low is ₹ 1,070.95 .
According to analyst recommendations, ICICI Lombard General Insurance Company Ltd has a “Buy” rating for the long term.

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