ICICI Lombard General Insurance saw a sharp uptick in its share value, gaining 7.4% in today s trade, following the release of its Q3FY24 financial results.
ICICI Lombard Q3 combined ratio is likely to remain elevated at 104 percent due to the impact of Chennai floods. However, this is going to be an industry-wide trend
The combined ratio is the sum of incurred losses and operating expenses measured as a percentage of earned premium. A lower combined ratio means the company is doing better financially
The notice alleges a tax demand of Rs 273.44 crore under Section 74(1) of the Central Goods and Services Tax Act along with interest under Section 50(1) of the Act and penalty under Section 74(1) read with Section 122(2)(b) of the Act.
ICICI Lombard stock jumped 14.25 per cent to hit a high of Rs 1,256.70 on BSE. ICICI Bank would acquire at least 2.5 per cent stake out of the above 4 per cent, before September 9, 2024, ICICI Lombard told exchanges.