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ICICI Lombard Growth Continues


JEast
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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!

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  • 1 month later...

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

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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

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  • 8 months later...

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

 

 

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