JEast Posted March 27, 2012 Share Posted March 27, 2012 The growth continues, we just need them to write at 100% which has been difficult to date. http://money.sulekha.com/icici-lombard-general-insurance-rsquo-s-premium-collection-rose-28-in-january-2012_news_68137 Cheers JEast Link to comment Share on other sites More sharing options...
Parsad Posted March 27, 2012 Share Posted March 27, 2012 The growth continues, we just need them to write at 100% which has been difficult to date. http://money.sulekha.com/icici-lombard-general-insurance-rsquo-s-premium-collection-rose-28-in-january-2012_news_68137 Cheers JEast Could be growth is partly to blame. They are probably ramping up the back office support and administrative expenses for future growth. Cheers! Link to comment Share on other sites More sharing options...
JEast Posted May 2, 2012 Author Share Posted May 2, 2012 I continue to think that this is a hidden gem for the Fairfax family. The year ended March 31 2012 numbers have been reported with premiums pass the $1B mark. After removing new regulation required liability recognition for pooled claims, maybe the tide is finally turning. Basically a breakeven year which is an improvement. See ICICI Bank report for ICICI Lombard. http://insurancenewsnet.com/article.aspx?id=340240 Cheers JEast Link to comment Share on other sites More sharing options...
JEast Posted November 6, 2012 Author Share Posted November 6, 2012 Growth has continued over the last 6 months (13%) but less than the overall market (18%). Maybe this is a good thing and we can start writing at 100%. See ICICI Lombard section. http://www.mydigitalfc.com/insurance/general-insurers-see-18-rise-premium-collection-351 Cheers JEast Link to comment Share on other sites More sharing options...
JEast Posted May 28, 2013 Author Share Posted May 28, 2013 Company reports break even on the underwriting front soon. Can it be true and can it be maintained? Time will tell, but at least the news is brighter than from a few years ago. http://articles.economictimes.indiatimes.com/2013-05-17/news/39336605_1_motor-pool-400-crore-306-crore Link to comment Share on other sites More sharing options...
JEast Posted October 15, 2014 Author Share Posted October 15, 2014 Maybe the growth has slowed a little (possible a good thing), but maybe the investing side is picking up. Interesting disclosure on investing in a cheap stock. http://www.moneycontrol.com/news/buzzing-stocks/icici-lombard-buys-1979-lakh-sharesgujarat-ind-power_1199114.html Link to comment Share on other sites More sharing options...
JEast Posted February 25, 2015 Author Share Posted February 25, 2015 Looks like a grey market is open for employees selling employee stock ownership plan shares. http://www.business-standard.com/article/markets/stocks-of-insurance-companies-gain-currency-in-gray-market-trades-115022300210_1.html Link to comment Share on other sites More sharing options...
benhacker Posted February 25, 2015 Share Posted February 25, 2015 Thanks for these links JEast... our silence is appreciation for the links, not disinterest. ;) Link to comment Share on other sites More sharing options...
JEast Posted December 17, 2016 Author Share Posted December 17, 2016 There has been some unique programs over the last 6-9 months that have found considerable interest from the public - namely the 2 or 3 year policies for two-wheelers and bodily injury policies for train rides. As the rules/regulations continue to change in India, found this update a little interesting, in a good way, for the Indian capital markets. http://www.reuters.com/article/india-debt-bonds-idUSL4N1E71CZ Link to comment Share on other sites More sharing options...
JEast Posted September 11, 2017 Author Share Posted September 11, 2017 IPO early next week (Sept 15-19). https://www.bloomberg.com/gadfly/articles/2017-09-08/india-s-insurance-party-gets-started http://www.moneycontrol.com/news/business/ipo-business/icici-lombard-general-insurance-ipo-to-open-on-september-15-icici-bank-shares-gain-2381159.html Link to comment Share on other sites More sharing options...
nwoodman Posted September 19, 2017 Share Posted September 19, 2017 Looks like the float is going well "At the top-end of the price band, ICICI Lombard, a joint venture between private sector lender ICICI Bank and Canada's Fairfax Financial Holdings, will be valued at nearly Rs 30,000 crore." http://www.business-standard.com/article/markets/icici-lombard-ipo-subscribed-67-a-day-before-close-117091800724_1.html Values FFH's 12% stake realized at around $USD550-560m and the residual 9.9% stake at $USD450-460m. cheers nwoodman Link to comment Share on other sites More sharing options...
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