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This Article is From Oct 26, 2020

HDFC Securities: ICICI Lombard’s Combined Operating Ratio Continues To Improve

HDFC Securities: ICICI Lombard’s Combined Operating Ratio Continues To Improve
An agent selling insurance products to customers. Photographer: Brendon Thorne/Bloomberg.
STOCKS IN THIS STORY
ICICI Lombard General Insurance Co Ltd
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BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Report

While FY21E is expected to be a muted year in terms of top-line growth, we believe ICICI Lombard General Insurance Company Ltd. will deliver lower combined operating ratios.

We remain cautious on health claims as a second wave of Covid-19 may result in significant increase in claims.

Additionally, changing regulations in motor are expected to drive down both claims and tariffs, creating supernormal profitability in the short term.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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