ICICI Lombard General Insurance Q4 profit up 7.5% at ₹228 crore
1 min read . Updated: 18 Apr 2019, 07:30 PM IST- Total income rises to ₹2,519.72 crore as against ₹2,066.64 crore in the last quarter of the previous fiscal
- The insurer's board recommends a final dividend of ₹3.50 per equity share of face value of ₹10 each
NEW DELHI : ICICI Lombard General Insurance Thursday reported 7.5% increase in profit at ₹228 crore for the fourth quarter of 2018-19 financial year.
The company's net profit in the year-ago period stood at ₹212 crore.
Total income increased to ₹2,519.72 crore as against ₹2,066.64 crore in the last quarter of the previous fiscal.
The insurer's board has recommended a final dividend of ₹3.50 per equity share of face value of ₹10 each, the company said in a statement.
"Solvency ratio was 2.24x at March 31, 2019 as against 2.12x at December 31, 2018 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.05x at March 31, 2018," it said.
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