ICICI Lombard Q2 internet revenue development 15.5%; Rs 7 dividend introduced

Mumbai: ICICI Lombard General Insurance reported internet revenue development of 15.5% within the second quarter of the monetary 12 months ended September 30 to ₹946 crore in comparison with the corresponding interval final 12 months because the insurer reported sturdy momentum in motor and industrial traces.

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During the identical interval a 12 months in the past, the corporate had reported internet revenue of ₹820 crore. The firm reported dividend of ₹7 per share for first half of the monetary 12 months.

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Gross premium revenue rose 3% to ₹6,792 crore towards ₹6,596 crore as towards the trade development of seven%. Net premium earned rose 17.7% to ₹6,652 crore within the quarter from ₹5,652 crore a 12 months earlier. Net revenue was ₹819.5 crore within the year-ago interval. Shares of the corporate rose 0.92% to ₹1,715.70 on BSE on Wednesday.