Thursday, 16 July 2026 · World
USD/EUR 0.8734 USD/GBP 0.7423 USD/JPY 162.2 USD/CNY 6.778 All rates →
RSS
EUROS The World Financial Report
LATEST
Asia

ICICI Lombard Q1 profit slumps 46% to Rs 403 crore on fire claims, SC verdict impact

Markets-Economic Times · 4h ago · 🇮🇳 India
ICICI Lombard Q1 profit slumps 46% to Rs 403 crore on fire claims, SC verdict impact

ICICI Lombard's net profit fell 46 per cent in the June quarter. This decline resulted from two large fire insurance claims. A Supreme Court judgment also impacted its motor third-party portfolio. The insurer's combined ratio worsened to 107.2 percent from 102.9 percent. Gross direct premium income rose seven point five percent during the quarter.

Read the full story at Markets-Economic Times →