ICICI Lombard Growth Continues

[JEast]

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

[Parsad]

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!

[JEast]

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

[JEast]

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

[JEast]

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

[JEast]

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

[JEast]

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

[benhacker]

Thanks for these links JEast... our silence is appreciation for the links, not disinterest. ;)

[JEast]

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

[JEast]

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

 

[nwoodman]

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