Business

ICICI Lombard Q2 profit jumps 35 pc to Rs 416 cr

35 per cent jump in net profit at Rs 415.74 crore for September quarter 2020-21.

migrator

New Delhi

ICICI Lombard General Insurance on Friday reported  The insurer had posted a net profit of Rs 307.91 crore for the year-ago period.

Total income in the quarter under review rose to Rs 2,883.40 crore from Rs 2,739.67 crore in the same period of 2019-20, ICICI Lombard said in a regulatory filing. Net premium earned during the quarter grew to Rs 2,462.52 crore from Rs 2,356.92 crore. Gross direct premium income rose 8 per cent to Rs 3,189 crore.

ICICI Lombard stock settled nearly flat at Rs 1,257.50 on BSE.

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