ICICI Lombard General Insurance Company Ltd

ICICI Lombard General Insurance Company Ltd

₹ 1,635 0.71%
28 May - close price
About

ICICI Lombard General Insurance Co. Ltd is one of the leading and established private sector general insurance companies in India. It offers a well-diversified range of products and risk management solutions through multiple distribution channels.[1]

It was established in 2001 as a JV between ICICI Bank and Fairfax Financial Holdings Ltd. ICICI held 64% stake and the rest was held by JV partner. Fairfax Financial exited in 2019 by selling its remaining 5% stake in the company for ~2,600 crores.[2]

Key Points

Ratios (FY21)
Incurred Claims Ratio - 75%
Commission Ratio - 5%
Combined Ratio - 109%
Solvency Ratio - 246%
Net Retention Ratio - 73% [1]

  • Market Cap 80,651 Cr.
  • Current Price 1,635
  • High / Low 1,747 / 1,169
  • Stock P/E 42.0
  • Book Value 248
  • Dividend Yield 0.92 %
  • ROCE 22.5 %
  • ROE 16.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 29.6%
  • Promoter holding has increased by 3.36% over last quarter.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Insurance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,163 4,023 3,976 4,007 4,020 4,129 4,669 4,559 4,519 4,694 5,251 5,175 5,367
3,178 3,775 3,388 3,598 4,391 3,684 4,095 4,105 4,874 4,204 4,507 4,638 4,698
Operating Profit -15 248 588 409 -371 445 574 454 -355 491 744 537 669
OPM % -0% 6% 15% 10% -9% 11% 12% 10% -8% 10% 14% 10% 12%
466 11 6 12 781 20 36 11 928 29 20 37 28
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 450 258 594 421 410 465 610 465 573 520 764 574 698
Tax % 23% 25% 25% 25% 24% 25% 3% 24% 24% 25% 24% 25% 26%
346 194 447 318 313 349 591 353 437 390 577 431 520
EPS in Rs 7.60 4.27 9.11 6.47 6.37 7.11 12.02 7.18 8.90 7.95 11.75 8.76 10.54
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,012 4,352 4,234 6,033 7,520 6,912 11,163 11,517 12,183 16,026 17,876 20,487
4,191 4,578 4,456 5,269 6,601 7,174 9,494 9,745 10,594 15,010 16,612 18,047
Operating Profit -178 -225 -221 764 919 -262 1,669 1,772 1,589 1,016 1,264 2,440
OPM % -4% -5% -5% 13% 12% -4% 15% 15% 13% 6% 7% 12%
586 817 992 0 -2 1,569 -2 15 495 809 991 115
Interest 8 9 12 0 0 59 70 0 0 0 0 0
Depreciation 49 50 54 57 7 51 0 90 130 141 142 0
Profit before tax 351 533 705 708 910 1,196 1,598 1,697 1,954 1,684 2,113 2,555
Tax % -0% 3% 17% 28% 23% 28% 34% 30% 25% 24% 18% 25%
353 520 585 507 702 862 1,049 1,194 1,473 1,271 1,729 1,919
EPS in Rs 8.07 11.69 13.11 11.34 15.56 18.98 23.10 26.27 32.40 25.89 35.21 38.94
Dividend Payout % 0% 0% 15% 26% 22% 17% 26% 13% 25% 35% 28% 26%
Compounded Sales Growth
10 Years: 17%
5 Years: 13%
3 Years: 19%
TTM: 15%
Compounded Profit Growth
10 Years: 14%
5 Years: 13%
3 Years: 9%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: 7%
3 Years: 3%
1 Year: 37%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 17%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 437 445 447 448 451 454 454 454 455 491 491 493
Reserves 1,433 1,949 2,439 2,789 3,450 4,087 4,946 5,680 7,144 8,702 9,953 11,712
0 0 0 0 485 485 485 485 485 255 35 35
10,767 12,350 11,760 12,440 18,965 24,723 27,517 30,423 31,214 41,401 44,607 51,069
Total Liabilities 12,637 14,744 14,646 15,676 23,351 29,750 33,403 37,042 39,298 50,848 55,086 63,308
390 373 381 510 516 368 1,965 664 717 941 883 701
CWIP 10 17 9 10 11 38 17 12 14 11 25 0
Investments 7,800 9,290 10,200 11,426 14,806 18,193 20,714 26,327 30,788 38,412 42,836 48,907
4,436 5,064 4,056 3,730 8,018 11,151 10,707 10,039 7,779 11,485 11,342 13,700
Total Assets 12,637 14,744 14,646 15,676 23,351 29,750 33,403 37,042 39,298 50,848 55,086 63,308

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
984 595 -98 511 1,628 2,390 2,976 3,433 1,774 809 2,290 2,407
-962 -706 171 -310 -1,990 -1,896 -2,856 -3,382 -1,367 135 -1,685 -1,921
102 4 -93 -148 361 -96 -310 -420 -212 -879 -695 -355
Net Cash Flow 124 -108 -20 53 -1 398 -190 -369 195 65 -90 131

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0 292 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 292 0 0 0 0 0
Working Capital Days -529 -519 -576 -532 -521 -720 -564 -670 -704 -690 -685 -664
ROCE % 18% 26% 27% 23% 24% 17% 31% 27% 27% 19% 21%

Shareholding Pattern

Numbers in percentages

11 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.87% 48.08% 48.05% 48.04% 48.03% 48.02% 48.02% 48.02% 48.01% 48.00% 47.91% 51.27%
29.75% 27.73% 28.12% 26.88% 25.00% 24.07% 23.39% 22.85% 22.00% 22.37% 23.04% 23.05%
11.69% 10.54% 13.47% 13.73% 15.37% 15.89% 16.68% 17.23% 18.10% 18.41% 17.86% 15.96%
0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
6.69% 13.65% 10.36% 11.34% 11.59% 11.92% 11.79% 11.79% 11.79% 11.11% 11.09% 9.59%
No. of Shareholders 2,54,1232,65,1042,75,0022,87,7012,91,4282,98,0482,92,2822,87,0232,75,3562,64,7102,52,6802,39,489

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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