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ICICI Lombard slips 6% on disappointing Q3 results

ICICI Lombard delivered weaker-than-expected performance in Q3FY23 on all counts - weaker premium, lower investment income, and higher expense ratio, Motilal Oswal Financial Services said

SI Reporter Mumbai

Premium

ICICI Lombard

3 min read Last Updated : Jan 18 2023 | 9:53 AM IST

Shares of ICICI Lombard General Insurance Company slipped 6 per cent to Rs 1,174.35 on the BSE in Wednesday's intra-day trade after the company reported a disappointing set of earnings for the third quarter of financial year 2022-23 (Q3FY23). The insurer reported a 9 per cent increase in underwriting losses in the period under review to Rs 293.46 crore.