Mumbai:
Listed ICICI Lombard General Insurance , at Rs 314 crore, has recorded 6.6 per cent year on year(Y-O-Y) higher net profit in the third quarter ending in Dec 2020.
With a total premium of Rs 4034 crore, up 9 per cent y-o-y, the largest private sector general insurer had a combined ratio of 97.9 in the reporting quarter against 98.7 per cent in the year ago period.
Solvency ratio of the company was 2.76 at December 31, 2020 as against 2.74 at September 30, 2020 and higher than the minimum regulatory requirement of 1.50.
Solvency ratio was 2.17x at March 31, 2020.