ICICI Lombard Limited IPO
A review of some basic financial numbers & ratios of ICICI Lombard Limited
Following numbers are based on consolidated statements.
Premiums earned(Rs in million)
Claims Incurred(Rs in million)
Commission Expenses(Rs in million)
Profit after tax(Rs in million)
In India, the minimum solvency ratio required to be maintained by insurers is 150% as per IRDAI guidelines.
Incurred claims ratio:
Total value of all claims paid divided by the total amount of premium collected in a financial year
|Year||Incurred claims ratio|
Commission Expenses Ratio:
It is the total commision expense divided by net premium earned.
|Year||Commission Expenses Ratio|
NOTE: No financial information whatsoever published here(or anywhere on IPOBaba.com) should be considered as an offer to buy or sell securities, or as an advice to do so in any way whatsoever. All information published here is purely for educational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. With entry barriers, SEBI wants only well informed investors to participate is such offers. Above information is based on information available in public domain.