GDPI
Health insurer Niva Bupa, Sagility India files draft papers with Sebi for IPOs
The IPO, with each share having a face value of Rs 10, consists of a fresh issuance worth Rs 800 crore and an offer for sale totaling up to Rs 2,200 crore by the promoters and existing investors. As part of the OFS, Bupa Singapore Holdings and Fettle Tone will be divesting their stakes.
Go Digit stock likely to face pressure amid elevated combined ratio
After gaining over 24% within three weeks since listing on bourses on May 23, the stock of Go Digit General Insurance has remained range bound following weak performance in the March quarter, which was declared on June 11.
General insurers expect premium income growth of 32 pc to Rs 3.7 lakh cr by FY26: Report
The industry's GDPI saw a robust 15.5 per cent year-on-year (YoY) expansion in 2023-24, rising to Rs 2.79 lakh crore on the health segment, it said. Apart from this, the report said that the growth in the motor segment was healthy, supported by the increase in new vehicle sales (two-wheelers, or 2W, rose by 13.3 per cent YoY and passenger vehicles, or PVs, by 8.4 per cent YoY in 2023-24).
Go Digit on the fast track to growth is a long-term investor's bet, for now
Go Digit has grown business faster over the past six years. It has the lowest loss ratios among peers, which reflects high underwriting quality. In addition, a higher retention ratio and claims ratio augur well for future growth.
ICICI Lombard shares jump 5% after Q4 beat. Should you buy, sell or hold?
The company reported a gross direct premium income (GDPI) of Rs 224,770 crore in FY24 compared to nearly Rs 2,100 crore in FY23, a growth of 17.8%, which was higher than the industry growth of 12.8%.
ICICI Lombard Q4 PAT rises 18.9% to Rs 520 crore
During the same period in the previous year, the company had reported a net profit of ₹437 crore. The company declared a final dividend of ₹6 for FY24, taking the total dividend payout to ₹11 a share.
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Galaxy Health gets nod to launch health insurance business, IRDAI also okays setting up of insurance e-marketplace
IRDAI approved Galaxy Health led by V Jagannathan. Star Health had a Rs 618 crore net profit. IRDAI introduced Bima Sugam, likened to ONDC by Debasish Panda, for insurance activities.
From Star to Galaxy: Jagannathan, 79, to start new health insurance venture
V. Jagannathan, the founder of Star Health and Allied Insurance Company, is launching a new venture in the health insurance sector called Galaxy Health. At 79 years old, he has applied for a preliminary license with the insurance regulator to establish the new company. Jagannathan is reportedly in talks with the TVS Group for potential equity participation in the venture, having previously partnered with the ETA Star Group.
Over 55% companies in APAC hit by cyber attack in last 12 months: Dell
This is the highest percentage of companies impacted in more than five years, according to Dell’s Global Data Protection Index (GDPI) Cyber Resiliency Multicloud Edition.
Top takeaways from Dell Global Data Protection Index report
42% are confident about the data protection measures adopted by them to safeguard their existing data needs. They have an assurance that incase of any data breach, the loss incurred by them in terms of data loss will be minimal.
Shaping Your Future: BBA in Human Resource Management and Career Possibilities
The BBA Human Resources Management program is a three-year undergraduate program that focuses on the fundamentals of managing human resources in organizations. It covers business fundamentals, management, and economic planning. Graduates can find career opportunities in both the private and public sectors, with job roles such as Human Resources Manager and Talent Acquisition Manager. The program offers a high starting salary and provides a strong foundation for further study, such as an MBA or MA in Human Resources Management. Top universities in India offering this program include ICFAI Business School - [IBS] Hyderabad and Woxsen University Hyderabad.
ICICI Lombard Q1 Results: Net profit rises 12% YoY to Rs 390 crore
The company's gross direct premium income came in at Rs 6,387 crore in Q1, compared with Rs 5,370 crore a year ago, showing growth of 19%, which was higher than the industry growth of 17.9%. Excluding crop, GDPI growth of the company was at 19.2%.
General insurers face tough choice on pushing growth and sustaining margins
In the fiscal year 2023, the combined ratio - an indicator of profitability, which is calculated by measuring the sum of incurred losses and operating expenses as a percentage of earned premium - rose for almost all general insurers.
Insurance industry's gross direct premium to cross Rs 3 lakh crore by FY25: ICRA
Moreover, it said, the capital requirement of three PSU general insurers (excluding New India) is estimated at a sizeable Rs 172-175 billion to meet solvency of 1.50 times as of March 2024, assuming 100 per cent forbearance from the regulator. The industry's GDPI grew a sharp 17.2 per cent year-on-year (YoY) in 2022-23 to Rs 2.4 lakh crore with the resumption of economic activity after the waning of Covid-19 infections.
ICICI Lombard Q4 Results: PAT jumps 40% YoY to Rs 437 crore; dividend declared at Rs 5.5/share
The company's gross premiums written jumped 7% to Rs 5,340 crore for the quarter under review against Rs 5,000 crore in the same period last year.
ICICI Lombard stock could gain up to 35% despite weak Q3 show
More than 40 lakh shares exchanged hands on the BSE and NSE, six times the combined average daily volume of 6 lakh shares in the last one month, exchange data showed. Analysts rolled-forward their valuation expectations and pegged their price targets to FY25 earnings growth from FY24.
ICICI Lombard Q1 Results: Net profit jumps 80% to Rs 349 crore
"Profit Before Tax (PBT) grew by 80.1 per cent to Rs 465 crore in Q1 FY2023. Capital gains were at Rs 32 crore in Q1 FY2023 as against Q1 FY2022. Consequently, Profit After Tax (PAT) grew by 79.6 per cent to Rs 349 crore in Q1 FY2023 as against Rs 194 crore in Q1 FY2022," the company said in a regulatory filing.
Buy Star Health, target price Rs 700: ICICI Securities
Star Health and Allied Insurance Company Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 27567.51 Crore) operating in Financial Services sector.
ICICI Lombard skids 6% as Q4 net profit falls 10% YoY to Rs 313 crore
The gross direct premium income (GDPI) of the company stood at Rs 4,666 crore in the quarter under review as compared to Rs 3,478 crore in the year-ago period, ICICI Lombard said in a statement.
ICICI Lombard Q4 Results: Profit falls 10% to Rs 313 cr
The gross direct premium income (GDPI) of the company stood at Rs 4,666 crore in the quarter under review as compared to Rs 3,478 crore in the year-ago period, ICICI Lombard said in a statement.
Key triggers that can bring 20% upside to this Jhunjhunwala stock
"Health is expected to maintain its leadership in the retail health segment with sustainable long term opportunity. Premium growth at 23-24 per cent CAGR and focus on underwriting profit is expected to keep its return on equity (RoE) ahead of peers," domestic brokerage ICICIdirect said in a note on Tuesday.
ICICI Lombard tanks 8% as Q3 earnings miss Street estimates
The company reported a marginal 1.2 per cent growth in net profit at Rs 318 crore for December quarter 2021-22. It had posted a net profit of Rs 314 crore in the year-ago period, the non-life insurer said.
ICICI Lombard Q3 results: Net profit remains flat at Rs 318 cr
Gross direct premium income (GDPI) increased to Rs 4,699 crore from Rs 4,034 crore, against the industry's 4.9 per cent growth.
If stars align, this ICICI group stock may give you 75% upside in 1 year
ICICI Lombard General Insurance Company, often overshadowed by its bank and life insurance sisters, is also set for a rally that can propel it to as high as 75 per cent from current levels, some analysts claim.
View: Some fiscal incentives are necessary to motivate people to buy health insurance
Despite increased interest in health insurance after the pandemic broke out, very little has translated into business for insurers. YoY increase in GDPI dropped serially from 20.7% in 2018-19 to 13.5% in 2019-20 and to 13.3% in 2020-21. Reduced income, or precautionary savings, for urgent Covid treatment, dissuaded people from ‘immediately’ buying health insurance.
General insurance sector may see 7-9% growth in GDPI in FY22: Report
While public sector insurance companies were slower to adjust to an online mode of growth, the reliance on physical meetings were higher which resulted in a two per cent y-o-y decline in business (Rs 71,800 crore in FY2021), the credit rating agency said in the report.
Health and fire segments save the day for insurers
Standalone health insurers such as Star Health, Aditya Birla Health Insurance, and Max Bupa reported robust growth in their gross direct premium income (GDPI) in FY21.
Insurance industry reports a tepid 5% growth in FY21
Standalone health insurers like Star Health, Aditya Birla Health Insurance, Max Bupa reported robust growth in their gross direct premium income (GDPI) in FY21.
ICICI Lombard Q1 results: Net profit rises 28.5%; GDPI dips 5.3%
The gross direct premium income (GDPI) of the company stood at Rs 3,302 crore in the June quarter, down 5.3 per cent from Rs 3,487 crore a year ago.
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