ICICI Lombard General Insurance posted a 22.6 percent year-on-year (YoY) rise in its March quarter (Q4) net profit at Rs 345.68 crore.
The general insurer had collected gross direct premium income (GDPI) of Rs 3,478 crore for Q4, a growth of 9.4 percent YoY with motor business posting 2.6 percent growth. The solvency ratio stood at 2.9 at the year end.
The sister concern ICICI prudential Life however posted a 65 percent year-on-year (YoY) drop in its March quarter (Q4) net profit at Rs 62.51