ICICI Insurance reports a significant increase in net profit for the third quarter, with a 68% jump to Rs 724 crore
ICICI Insurance announced a significant increase in its net profit, reaching Rs 724.38 crore in the third quarter of the current financial year, marking a 67.9 percent rise. This growth reflects the company’s strong performance and strategic initiatives.
Sequentially, the net profit saw a 4.39 percent increase, demonstrating consistent growth and financial stability. The gross premium written for the reporting quarter also showed positive results, rising to Rs 6474.45 crore compared to Rs 6436.62 crore in the same period last year.
Furthermore, the net premium written for the October-December quarter increased to Rs 5084.05 crore, up from Rs 4690.74 crore in the previous year. These figures highlight the company’s continued success and commitment to providing quality insurance services.
As this story continues to develop, we encourage you to check back for more details on ICICI Lombard General Insurance’s financial performance and future prospects.
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