ICICI Lombard Q2 Profit Rises 15% Despite Higher Health Claims
ICICI Lombard General Insurance reported weaker underwriting in the September quarter as higher health claims and commission expenses pushed up its combined ratio. Premium growth remained strong and higher investment income supported profit.
ICICI Lombard General Insurance reported weaker underwriting performance in the September quarter, with higher health claims and commission expenses pushing its combined ratio to 107 per cent. The deterioration came even as premium growth remained strong and higher investment income supported profi…