ICICI Lombard General Insurance
ICICI Lombard General Insurance Company Limited provides various general insurance products and services in India. The last earnings update was 78 days ago. More info.
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- ICICI Lombard General Insurance has significant price volatility in the past 3 months.
ICICIGI Share Price and Events
7 Day Returns
1 Year Returns
ICICIGI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| ICICI Lombard General Insurance (ICICIGI) | 1% | 12.4% | 27.2% | 41.6% | - | - |
| IN Insurance | 2.3% | 6.1% | 8% | -5.4% | 65.9% | 90.1% |
| IN Market | 1.7% | 2.7% | 5.8% | 0.1% | 41.6% | 73.3% |
1 Year Return vs Industry and Market
- ICICIGI outperformed the Insurance industry which returned -5.4% over the past year.
- ICICIGI outperformed the Market in India which returned 0.1% over the past year.
ICICIGI Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
ICICI Lombard General Insurance
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for ICICI Lombard General Insurance.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity = ₹163.35 * 22.4% |
₹36.67 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 11 analysts. | ₹163.35 |
| Discount Rate (Cost of Equity) | See below | 14.6% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 8.6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 35%) (1.51%)) |
0.821 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.82 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.821 * 8.6%) |
14.61% |
Discounted Cash Flow Calculation for NSEI:ICICIGI using Excess Returns Model Model
The calculations below outline how an intrinsic value for ICICI Lombard General Insurance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (22.4% – 14.61%) * ₹163.35) |
₹12.80 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= ₹12.80 / (14.61% - 7.55%) |
₹181.29 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= ₹163.35 + ₹181.29 |
₹344.64 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in NSEI:ICICIGI
represents 1.00298x
of
BSE:540716
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
1.00298x |
| Value per Share (Listing Adjusted, INR) |
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 344.64 x 1.00298 |
₹345.67 |
| Value per share (INR) | From above. | ₹345.67 |
| Current discount | Discount to share price of
₹1,095.45
= -1 x (₹1,095.45 - ₹345.67) / ₹345.67 |
-216.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of ICICI Lombard General Insurance is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for ICICI Lombard General Insurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
ICICI Lombard General Insurance's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in INR | ₹22.77 |
| BSE:540716 Share Price ** | BSE (2019-04-18) in INR | ₹1092.2 |
| India Insurance Industry PE Ratio | Median Figure of 9 Publicly-Listed Insurance Companies | 38.79x |
| India Market PE Ratio | Median Figure of 2,735 Publicly-Listed Companies | 16.29x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of ICICI Lombard General Insurance.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:540716 Share Price ÷ EPS (both in INR) = 1092.2 ÷ 22.77 |
47.97x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ICICI Lombard General Insurance is overvalued based on earnings compared to the IN Insurance industry average.
- ICICI Lombard General Insurance is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does
ICICI Lombard General Insurance's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 47.97x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts |
18.3%per year |
| India Insurance Industry PEG Ratio | Median Figure of 8 Publicly-Listed Insurance Companies | 2.64x |
| India Market PEG Ratio | Median Figure of 584 Publicly-Listed Companies | 1.33x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 47.97x ÷ 18.3% |
2.62x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ICICI Lombard General Insurance is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
ICICI Lombard General Insurance's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in INR | ₹118.90 |
| BSE:540716 Share Price * | BSE (2019-04-18) in INR | ₹1092.2 |
| India Insurance Industry PB Ratio | Median Figure of 9 Publicly-Listed Insurance Companies | 5.61x |
| India Market PB Ratio | Median Figure of 3,626 Publicly-Listed Companies | 1.12x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:540716 Share Price ÷ Book Value per Share (both in INR) = 1092.2 ÷ 118.90 |
9.19x |
* Primary Listing of ICICI Lombard General Insurance.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ICICI Lombard General Insurance is overvalued based on assets compared to the IN Insurance industry average.
Value checks
We assess ICICI Lombard General Insurance's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) ICICI Lombard General Insurance has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
ICICIGI Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- ICICI Lombard General Insurance's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
- ICICI Lombard General Insurance's earnings growth is positive but not above the India market average.
- ICICI Lombard General Insurance's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NSEI:ICICIGI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts | 18.3% |
| NSEI:ICICIGI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts | 14.2% |
| India Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 17.1% |
| India Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 15.5% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.7% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-03-31 | 188,702 | 27,763 | 1 | |
| 2023-03-31 | 164,089 | 24,816 | 1 | |
| 2022-03-31 | 140,294 | 19,914 | 2 | |
| 2021-03-31 | 124,115 | 16,204 | 7 | |
| 2020-03-31 | 104,943 | 13,253 | 7 | |
| 2019-03-31 | 88,601 | 10,795 | 7 |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 97,113 | 10,334 | |
| 2018-09-30 | 93,124 | 10,260 | |
| 2018-06-30 | 88,235 | 9,370 | |
| 2018-03-31 | 84,567 | 23,898 | 8,618 |
| 2017-12-31 | 81,903 | 8,296 | |
| 2017-09-30 | 79,773 | 8,181 | |
| 2017-06-30 | 77,958 | 17,207 | 7,850 |
| 2017-03-31 | 75,248 | 16,278 | 7,019 |
| 2016-12-31 | 72,439 | 6,393 | |
| 2016-09-30 | 68,607 | 5,491 | |
| 2016-06-30 | 63,965 | 5,207 | |
| 2016-03-31 | 60,340 | 5,115 | 5,053 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
All data from ICICI Lombard General Insurance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-03-31 | ||||
| 2023-03-31 | ||||
| 2022-03-31 | 43.85 | 45.20 | 42.50 | 2.00 |
| 2021-03-31 | 36.26 | 40.10 | 29.98 | 9.00 |
| 2020-03-31 | 29.51 | 31.40 | 26.70 | 10.00 |
| 2019-03-31 | 23.83 | 24.71 | 23.20 | 10.00 |
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-12-31 | 22.77 |
| 2018-09-30 | 22.60 |
| 2018-06-30 | 20.64 |
| 2018-03-31 | 19.01 |
| 2017-12-31 | 18.34 |
| 2017-09-30 | 18.16 |
| 2017-06-30 | 17.48 |
| 2017-03-31 | 15.66 |
| 2016-12-31 | 14.27 |
| 2016-09-30 | 12.27 |
| 2016-06-30 | 11.63 |
| 2016-03-31 | 11.30 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- ICICI Lombard General Insurance is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Future performance checks
We assess ICICI Lombard General Insurance's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
ICICI Lombard General Insurance has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
ICICIGI Past Performance
How has ICICI Lombard General Insurance performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- ICICI Lombard General Insurance's year on year earnings growth rate has been positive over the past 5 years.
- ICICI Lombard General Insurance's 1-year earnings growth exceeds its 5-year average (24.6% vs 17.7%)
- ICICI Lombard General Insurance's earnings growth has exceeded the IN Insurance industry average in the past year (24.6% vs 23%).
Earnings and Revenue History
All data from ICICI Lombard General Insurance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 97,112.59 | 10,333.92 | 17,816.26 | |
| 2018-09-30 | 93,123.56 | 10,260.16 | 18,223.21 | |
| 2018-06-30 | 88,234.59 | 9,369.56 | 19,968.70 | |
| 2018-03-31 | 84,567.49 | 8,617.76 | 21,383.26 | |
| 2017-12-31 | 81,903.09 | 8,295.80 | 22,493.83 | |
| 2017-09-30 | 79,773.19 | 8,181.13 | 22,278.25 | |
| 2017-06-30 | 77,957.97 | 7,850.05 | 21,417.10 | |
| 2017-03-31 | 75,248.13 | 7,018.84 | 20,229.44 | |
| 2016-12-31 | 72,438.53 | 6,392.80 | 19,378.89 | |
| 2016-09-30 | 68,606.68 | 5,490.57 | 18,619.01 | |
| 2016-06-30 | 63,964.61 | 5,206.79 | 17,862.77 | |
| 2016-03-31 | 60,339.50 | 5,053.40 | 16,888.90 | |
| 2015-12-31 | 57,677.14 | 5,179.13 | 16,245.08 | |
| 2015-09-30 | 55,589.84 | 5,641.32 | 15,522.56 | |
| 2015-06-30 | 53,456.49 | 5,789.17 | 15,613.46 | |
| 2015-03-31 | 52,134.90 | 5,853.20 | 13,622.20 | |
| 2014-12-31 | 51,631.36 | 4,823.22 | 13,299.79 | |
| 2014-09-30 | 51,502.17 | 3,823.75 | 12,840.57 | |
| 2014-06-30 | 50,903.95 | 4,043.65 | 11,538.59 | |
| 2014-03-31 | 51,541.60 | 5,200.70 | 12,030.20 | |
| 2013-12-31 | 51,121.34 | 4,957.31 | 12,138.68 | |
| 2013-09-30 | 50,658.32 | 4,801.05 | 11,514.41 | |
| 2013-06-30 | 48,319.52 | 3,929.40 | 11,074.51 | |
| 2013-03-31 | 45,990.10 | 3,527.80 | 10,251.60 | |
| 2012-12-31 | 44,565.81 | -110.37 | 10,172.87 | |
| 2012-09-30 | 43,150.91 | -3,278.49 | 9,494.87 | |
| 2012-06-30 | 41,792.51 | -3,720.89 | 9,115.62 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- ICICI Lombard General Insurance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- ICICI Lombard General Insurance used its assets more efficiently than the IN Insurance industry average last year based on Return on Assets.
- ICICI Lombard General Insurance has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess ICICI Lombard General Insurance's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
ICICI Lombard General Insurance has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
ICICIGI Health
How is ICICI Lombard General Insurance's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up ICICI Lombard General Insurance's finances.
The net worth of a company is the difference between its assets and liabilities.
- ICICI Lombard General Insurance's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- ICICI Lombard General Insurance's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 16.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from ICICI Lombard General Insurance Company Filings, last reported 3 months ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 53,987.10 | 7,450.87 | 17,363.20 |
| 2018-09-30 | 53,735.37 | 7,786.45 | 16,163.97 |
| 2018-06-30 | 53,966.37 | 6,978.24 | 19,283.47 |
| 2018-03-31 | 52,750.35 | 8,093.95 | 19,954.79 |
| 2017-12-31 | 52,560.71 | 7,695.56 | 12,888.07 |
| 2017-09-30 | 48,575.07 | 6,498.75 | 16,226.17 |
| 2017-06-30 | 46,430.50 | 6,614.40 | 22,681.60 |
| 2017-03-31 | 44,038.14 | 7,415.47 | 20,058.19 |
| 2016-12-31 | 39,572.91 | 7,351.63 | 15,105.69 |
| 2016-09-30 | 39,516.74 | 7,100.19 | 14,770.43 |
| 2016-06-30 | 37,439.04 | 1,725.09 | 13,697.09 |
| 2016-03-31 | 35,445.00 | 2,510.10 | 14,356.50 |
| 2015-12-31 | 34,351.28 | 1,663.55 | 19,323.03 |
| 2015-09-30 | 32,935.55 | 1,392.35 | 16,050.46 |
| 2015-06-30 | 32,254.63 | 1,223.72 | 18,329.67 |
| 2015-03-31 | 32,414.20 | 1,917.90 | 13,539.30 |
| 2014-12-31 | |||
| 2014-09-30 | 28,276.80 | 0.00 | 849.90 |
| 2014-06-30 | 24,948.60 | 1,477.82 | 18,516.27 |
| 2014-03-31 | 25,070.80 | 1,477.90 | 18,490.10 |
| 2013-12-31 | 24,948.60 | 1,477.82 | 18,516.27 |
| 2013-09-30 | 22,802.70 | 0.00 | 630.80 |
| 2013-06-30 | 22,802.70 | 0.00 | 630.80 |
| 2013-03-31 | 20,290.50 | 1,174.50 | 13,230.10 |
| 2012-12-31 | 20,281.38 | 1,368.69 | 13,240.09 |
| 2012-09-30 | 19,253.40 | 0.00 | 3,152.90 |
| 2012-06-30 | 19,253.40 | 0.00 | 3,152.90 |
- ICICI Lombard General Insurance's level of debt (13.8%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (5.9% vs 13.8% today).
- Debt is well covered by operating cash flow (320.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 33.8x coverage).
Financial health checks
We assess ICICI Lombard General Insurance's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) ICICI Lombard General Insurance has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
ICICIGI Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
₹2,000 of
ICICI Lombard General Insurance
shares you are expected to receive
₹9
in your first year as a dividend.
Dividend Amount
- ICICI Lombard General Insurance's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.49%).
- ICICI Lombard General Insurance's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| India Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 0.8% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1399 Stocks | 1.3% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.5% |
| India Top 25% Dividend Yield | 75th Percentile | 1.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2024-03-31 | ||
| 2023-03-31 | ||
| 2022-03-31 | 7.65 | 2.00 |
| 2021-03-31 | 7.45 | 10.00 |
| 2020-03-31 | 6.07 | 10.00 |
| 2019-03-31 | 4.98 | 10.00 |
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-10-22 | 5.000 | 0.561 |
| 2018-06-21 | 4.000 | 0.515 |
| 2018-04-25 | 4.000 | 0.543 |
| 2017-10-17 | 1.500 | 0.197 |
| 2017-09-27 | 3.500 | 0.510 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, ICICI Lombard General Insurance has been paying a dividend for less than 10 years.
- Dividend payments have increased, but ICICI Lombard General Insurance only paid a dividend in the past 2 years.
Income/ dividend checks
We assess ICICI Lombard General Insurance's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can ICICI Lombard General Insurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) ICICI Lombard General Insurance has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ICICIGI Management
CEO
| COMPENSATION | ₹53,270,000 |
| AGE | 52 |
| TENURE AS CEO | 9.9 years |
CEO Bio
Mr. Bhargav Dasgupta, PGDM, IIM Bangalore, B.E. (Mechanical), has been the Chief Executive Officer and Managing Director at ICICI Lombard General Insurance Company Limited since May 1, 2009. Mr. Dasgupta served as a Senior General Manager at ICICI Bank Ltd., from 2003 to October 2006. He joined ICICI in 1992 in the Project Finance Department and was in charge of International Banking Group. Mr. Dasgupta had been with ICICI Bank. He began his stint with ICICI in 1992 in the Projects & Corporate Finance Division. Since then, he has held key leadership positions in diverse business areas of ICICI Bank. From being Deputy Head of the Oil & Gas Strategic Business Unit to setting up the Technology Management Group, Mr. Dasgupta moved on to develop the strategic plan for ICICI Bank' Business Process Outsourcing and International Banking initiatives as Head of Strategy. In 2002, he was given the operational responsibility of setting up the International Banking Group. In this position, he was responsible for all operations of the overseas offices, branches and subsidiaries of ICICI Bank, covering the retail, private client, corporate and treasury operations of ICICI Bank in the international market. In 2005, Mr. Dasgupta was given an additional responsibility of the Global Markets Group. After completed his engineering course, he worked with Tata Motors from 1988 to 1990. He has been a Director of ICICI Lombard General Insurance Company Limited since May 1, 2009. He served as Executive Director of ICICI Prudential Life Insurance Company Ltd. from October 24, 2006 to April 30, 2009. He served as an Executive Director of ICICI Bank Ltd., since October 24, 2006. He served as a Director of ICICI Bank UK PLC. Mr. Dasgupta is an Engineer and has a Post Graduate Diploma in Management and Business Administration from Indian Institute of Management, Bangalore and B.E. in Mechanical Engineering from Jadhavpur University.
CEO Compensation
- Bhargav's compensation has been consistent with company performance over the past year.
- Bhargav's remuneration is about average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the ICICI Lombard General Insurance management team in years:
- The average tenure for the ICICI Lombard General Insurance management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Bhargav Dasgupta
MD, CEO & Director
₹53M
52
9.9 yrs
Gopal Balachandran
CFO & Chief Risk Officer
₹75M
42
7.5 yrs
Alok Agarwal
Chief Marketing Officer-Wholesale & Executive Director
₹30M
51
Sanjeev Mantri
Chief Marketing Officer of Retail & Executive Director
₹32M
47
Vikas Mehra
Company Secretary
₹7M
47
Girish Nayak
Chief Customer Service
48
Vinod Mahajan
Chief Investment Officer
0.5 yrs
Lokanath Kar
Chief Compliance Officer
47
Jerry Jose
Head of Human Resources
46
Palepu Sarma
Head of Government Department
60
Board of Directors Tenure
Average tenure and age of the ICICI Lombard General Insurance board of directors in years:
- The average tenure for the ICICI Lombard General Insurance board of directors is less than 3 years, this suggests a new board.
Board of Directors
Lalita Gupte
Non-Executive Chairperson of the Board
₹2M
70
0.5 yrs
Bhargav Dasgupta
MD, CEO & Director
₹53M
52
9.9 yrs
Alok Agarwal
Chief Marketing Officer-Wholesale & Executive Director
₹30M
51
8.3 yrs
Sanjeev Mantri
Chief Marketing Officer of Retail & Executive Director
₹32M
47
3.9 yrs
Ashvin Parekh
Independent Non-Executive Director
₹2M
65
5 yrs
Uday Chitale
Independent Non-Executive Director
₹2M
69
3 yrs
Suresh Kumar
Independent Non-Executive Director
₹2M
67
2.8 yrs
Vishakha Mulye
Non-Executive Non-Independent Director
49
0.5 yrs
Ved Chaturvedi
Independent Non-Executive Director
₹2M
52
2.8 yrs
Vishal Mahadevia
Independent Non-Executive Director
45
1 yrs
Who owns this company?
Recent Insider Trading
- ICICI Lombard General Insurance insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 03. Apr 19 | Sell | Amitabh Jain | Individual | 29. Mar 19 | 29. Mar 19 | -2,000 | ₹1,020.50 | ₹-2,041,000 | ||
| 01. Apr 19 | Sell | Amitabh Jain | Individual | 26. Mar 19 | 26. Mar 19 | -1,226 | ₹821.37 | ₹-1,007,000 | ||
| 28. Mar 19 | Sell | Amitabh Jain | Individual | 22. Mar 19 | 22. Mar 19 | -1,226 | ₹1,001.37 | ₹-1,227,680 | ||
| 25. Mar 19 | Sell | Nitin Firke | Individual | 22. Mar 19 | 22. Mar 19 | -10,000 | ₹1,001.00 | ₹-10,010,000 | ||
| 11. Mar 19 | Buy | Amitabh Jain | Individual | 19. Feb 19 | 19. Feb 19 | 5 | ₹918.00 | ₹4,590 | ||
| 06. Mar 19 | Sell | Alok Agarwal | Individual | 06. Mar 19 | 06. Mar 19 | -25,000 | ₹965.00 | ₹-24,125,000 | ||
| 26. Feb 19 | Sell | Deepak Mahaur | Individual | 21. Feb 19 | 22. Feb 19 | -2,000 | ₹930.00 | ₹-1,853,830 | ||
| 22. Feb 19 | Sell | Amitabh Jain | Individual | 14. Feb 19 | 19. Feb 19 | -1,500 | ₹923.00 | ₹-1,370,912 | ||
| 07. Feb 19 | Sell | Vinod Mahajan | Individual | 06. Feb 19 | 06. Feb 19 | -4,000 | ₹902.00 | ₹-3,608,000 | ||
| 07. Feb 19 | Sell | Alok Agarwal | Individual | 05. Feb 19 | 05. Feb 19 | -25,000 | ₹881.00 | ₹-22,024,998 | ||
| 05. Feb 19 | Sell | Avinash Patil | Individual | 31. Jan 19 | 31. Jan 19 | -1,600 | ₹880.00 | ₹-1,408,000 | ||
| 08. Jan 19 | Sell | Abhishek Srivastava | Individual | 18. Dec 18 | 18. Dec 18 | -1,300 | ₹912.38 | ₹-1,186,100 | ||
| 13. Dec 18 | Sell | Sahil Kangotra | Individual | 03. Dec 18 | 03. Dec 18 | -5,700 | ₹895.00 | ₹-5,101,500 | ||
| 12. Dec 18 | Sell | Avinash Patil | Individual | 03. Dec 18 | 03. Dec 18 | -5,345 | ₹850.00 | ₹-4,543,250 | ||
| 12. Dec 18 | Sell | Birendra Mohanty | Individual | 11. Dec 18 | 11. Dec 18 | -10,000 | ₹848.81 | ₹-8,488,100 | ||
| 06. Dec 18 | Buy | Vijay Batra | Individual | 29. Nov 18 | 29. Nov 18 | 48,800 | ₹0.00 | ₹34 | ||
| 05. Dec 18 | Sell | Sanjay Datta | Individual | 03. Dec 18 | 03. Dec 18 | -24,990 | ₹833.00 | ₹-20,816,669 | ||
| 04. Dec 18 | Sell | Sanjay Datta | Individual | 30. Nov 18 | 30. Nov 18 | -24,950 | ₹814.73 | ₹-20,327,513 | ||
| 26. Jul 18 | Sell | Alok Shukla | Individual | 23. Jul 18 | 23. Jul 18 | -10,000 | ₹780.00 | ₹-7,800,000 | ||
| 05. Oct 18 | Sell | Sandeep Bakhshi | Individual | 03. Oct 18 | 03. Oct 18 | -242,250 | ₹790.57 | ₹-191,515,063 | ||
| 03. Oct 18 | Buy | Prarthna Marketing Private Limited | Company | 28. Sep 18 | 28. Sep 18 | 3,800 | ₹523.15 | ₹1,987,975 | ||
| 01. Oct 18 | Sell | Birendra Mohanty | Individual | 28. Sep 18 | 28. Sep 18 | -4,557 | ₹834.38 | ₹-3,802,269 | ||
| 26. Sep 18 | Sell | Rajesh Rai | Individual | 05. Sep 18 | 05. Sep 18 | -1,000 | ₹820.50 | ₹-820,500 | ||
| 26. Sep 18 | Sell | Soundarajan GopalaKrishnan | Individual | 24. Sep 18 | 24. Sep 18 | -25,000 | ₹850.87 | ₹-21,271,749 | ||
| 07. Sep 18 | Sell | Birendra Mohanty | Individual | 05. Sep 18 | 05. Sep 18 | -5,443 | ₹831.11 | ₹-4,523,732 | ||
| 05. Sep 18 | Sell | Vinod Philip | Individual | 23. Jul 18 | 05. Sep 18 | -2,000 | ₹803.00 | ₹-1,606,000 | ||
| 04. Sep 18 | Sell | Shobhit Mehrotra | Individual | 30. Aug 18 | 30. Aug 18 | -4,189 | ₹1,838.57 | ₹-7,701,770 | ||
| 04. Sep 18 | Sell | Miten Lathia | Individual | 31. Aug 18 | 31. Aug 18 | -10,000 | ₹1,813.26 | ₹-18,132,599 | ||
| 04. Sep 18 | Sell | Anupam Joshi | Individual | 31. Aug 18 | 31. Aug 18 | -5,529 | ₹1,824.19 | ₹-10,085,946 | ||
| 23. Aug 18 | Buy | Ektha.Com Pvt Ltd | Company | 07. Aug 18 | 09. Aug 18 | 42,000 | ₹105.53 | ₹4,432,426 | ||
| 21. Aug 18 | Sell | Gaurav Arora | Individual | 16. Aug 18 | 16. Aug 18 | -2,000 | ₹799.00 | ₹-1,598,000 | ||
| 21. Aug 18 | Sell | Soundarajan GopalaKrishnan | Individual | 20. Aug 18 | 20. Aug 18 | -25,000 | ₹802.00 | ₹-20,049,998 | ||
| 20. Aug 18 | Sell | Sandeep Goradia | Individual | 17. Aug 18 | 17. Aug 18 | -5,000 | ₹795.00 | ₹-3,975,000 | ||
| 20. Aug 18 | Sell | Girish Nayak | Individual | 17. Aug 18 | 17. Aug 18 | -1,280 | ₹792.26 | ₹-1,014,093 | ||
| 08. Aug 18 | Sell | J. Prasad | Individual | 20. Jul 18 | 20. Jul 18 | -413 | ₹780.45 | ₹-322,326 | ||
| 06. Aug 18 | Sell | Gaurav Arora | Individual | 02. Aug 18 | 02. Aug 18 | -1,632 | ₹785.00 | ₹-1,281,120 | ||
| 02. Aug 18 | Sell | Birendra Mohanty | Individual | 31. Jul 18 | 31. Jul 18 | -4,999 | ₹783.00 | ₹-3,914,217 | ||
| 02. Aug 18 | Sell | Gaurav Arora | Individual | 25. Jul 18 | 31. Jul 18 | -1,868 | ₹788.83 | ₹-1,473,532 | ||
| 26. Jul 18 | Sell | Venu Matoory | Individual | 23. Jul 18 | 23. Jul 18 | -3,000 | ₹785.32 | ₹-2,355,960 | ||
| 26. Jul 18 | Sell | Girish Nayak | Individual | 24. Jul 18 | 24. Jul 18 | -1,742 | ₹784.92 | ₹-1,367,331 | ||
| 26. Jul 18 | Sell | Birendra Mohanty | Individual | 24. Jul 18 | 24. Jul 18 | -2,500 | ₹790.00 | ₹-1,975,000 | ||
| 26. Jul 18 | Sell | Sandeep Goradia | Individual | 24. Jul 18 | 24. Jul 18 | -5,000 | ₹795.00 | ₹-3,975,000 | ||
| 26. Jul 18 | Sell | Rajesh Rai | Individual | 23. Jul 18 | 26. Jul 18 | -2,000 | ₹794.50 | ₹-1,589,000 | ||
| 26. Jul 18 | Sell | Vikas Mehra | Individual | 24. Jul 18 | 24. Jul 18 | -3,000 | ₹790.00 | ₹-2,370,000 | ||
| 24. Jul 18 | Sell | Nitin Firke | Individual | 20. Jul 18 | 20. Jul 18 | -10,000 | ₹771.00 | ₹-7,710,000 | ||
| 24. Jul 18 | Sell | Alok Agarwal | Individual | 23. Jul 18 | 23. Jul 18 | -25,000 | ₹782.00 | ₹-19,550,000 | ||
| 24. Jul 18 | Sell | Birendra Mohanty | Individual | 20. Jul 18 | 20. Jul 18 | -3,008 | ₹792.00 | ₹-2,382,336 | ||
| 24. Jul 18 | Sell | Gaurav Arora | Individual | 20. Jul 18 | 20. Jul 18 | -2,500 | ₹785.00 | ₹-1,962,500 | ||
| 24. Jul 18 | Sell | Rajesh Rai | Individual | 19. Jul 18 | 20. Jul 18 | -1,000 | ₹760.00 | ₹-760,000 | ||
| 24. Jul 18 | Sell | J. Prasad | Individual | 20. Jul 18 | 20. Jul 18 | -24,587 | ₹780.31 | ₹-19,185,511 | ||
| 24. Jul 18 | Sell | Soundarajan GopalaKrishnan | Individual | 20. Jul 18 | 20. Jul 18 | -25,000 | ₹775.00 | ₹-19,374,999 | ||
Management checks
We assess ICICI Lombard General Insurance's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) ICICI Lombard General Insurance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
ICICIGI News
Simply Wall St News
With A Return On Equity Of 19%, Has ICICI Lombard General Insurance Company Limited's (NSE:ICICIGI) Management Done Well?
We'll use ROE to examine ICICI Lombard General Insurance Company Limited (NSE:ICICIGI), by way of a worked example. … ICICI Lombard General Insurance has a ROE of 19%, based on the last twelve months. … Check out our latest analysis for ICICI Lombard General Insurance?
Simply Wall St - – Full articleDoes ICICI Lombard General Insurance Company Limited's (NSE:ICICIGI) August Stock Price Reflect Its Future Growth?
ICICI Lombard General Insurance Company Limited (NSE:ICICIGI) is considered a high-growth stock, but its last closing price of ₹790.85 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … See our latest analysis for ICICI Lombard General Insurance? … If you are bullish about ICICI Lombard General Insurance's growth potential then you are certainly not alone
Simply Wall St - – Full articleHow Much Did ICICI Lombard General Insurance Company Limited's (NSE:ICICIGI) CEO Pocket Last Year?
Leading ICICI Lombard General Insurance Company Limited (NSE:ICICIGI) as the CEO, Bhargav Dasgupta took the company to a valuation of ₹357.70b. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … CEOs leading companies of similar size and profitability
Simply Wall St - – Full articleDid ICICI Lombard General Insurance Company Limited (NSE:ICICIGI) Create Value For Shareholders?
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between ICICI Lombard General Insurance Company Limited (NSE:ICICIGI)’s return fundamentals and stock market performance. … ICICI Lombard General Insurance Company Limited (NSE:ICICIGI) delivered an ROE of 16.34% over the past 12 months, which is relatively in-line with its industry average of 14.99% during the same period.
Simply Wall St - – Full articleWant To Invest In ICICI Lombard General Insurance Company Limited (NSE:ICICIGI)? Here's How It Performed Lately
Assessing ICICI Lombard General Insurance Company Limited's (NSE:ICICIGI) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how ICICI Lombard General Insurance is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its insurance industry peers. … Check out our latest analysis for ICICI Lombard General Insurance?
Simply Wall St - – Full articleA Holistic Look At ICICI Lombard General Insurance Company Limited (NSE:ICICIGI)
Attractive stocks have exceptional fundamentals. … In the case of ICICI Lombard General Insurance Company Limited (NSE:ICICIGI), there's … company with
Simply Wall St - – Full articleWill ICICI Lombard General Insurance Company Limited's (NSE:ICICIGI) Earnings Grow Over The Next Year?
Looking at ICICI Lombard General Insurance Company Limited's (NSEI:ICICIGI) earnings update in March 2018, analysts seem fairly confident, with profits predicted to increase by 28.95% next year, though this is comparatively lower than the previous 5-year average earnings growth of 33.32%. … Below is a brief commentary on the longer term outlook the market has for ICICI Lombard General Insurance. … The intrinsic value infographic in our free research report helps visualize whether ICICI Lombard General Insurance is currently mispriced by the market.
Simply Wall St - – Full articleWhat Do Analysts Think About ICICI Lombard General Insurance Company Limited's (NSE:ICICIGI) Growth?
In March 2018, ICICI Lombard General Insurance Company Limited (NSEI:ICICIGI) announced its most recent earnings update, which signalled that the company benefited from a robust tailwind, leading to a double-digit earnings growth of 34.27%. … Below, I've laid out key numbers on how market analysts perceive ICICI Lombard General Insurance's earnings growth trajectory over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for ICICI Lombard General Insurance Analysts' expectations for the coming year seems buoyant, with earnings climbing by a robust 28.95%.
Simply Wall St - – Full articleIs Now The Right Time To Buy ICICI Lombard General Insurance Company Limited (NSE:ICICIGI)?
ICICI Lombard General Insurance Company Limited (NSEI:ICICIGI) closed yesterday at ₹754.6, which left some investors asking whether the high earnings potential can still be justified at this price. … This illustrates that ICICI Lombard General Insurance is overvalued compared to the IN market average ratio of 24.9x , and undervalued based on its latest annual earnings update compared to the insurance average of 44.23x. … A PE ratio of 44.23x and expected year-on-year earnings growth of 22.15% give ICICI Lombard General Insurance a higher PEG ratio of 2x.
Simply Wall St - – Full articleIs ICICI Lombard General Insurance Company Limited (NSE:ICICIGI) Still A Cheap Financial Stock?
ICICI Lombard General Insurance Company Limited (NSEI:ICICIGI), a ₹348.84B mid-cap, is an insurance company operating in an industry, which has recently experienced the impact of a softening commercial lines market, a problematic personal lines segment, and a low-yield investment climate. … Below, I will examine the sector growth prospects, and also determine whether ICICI Lombard General Insurance is a laggard or leader relative to its financial sector peers. … See our latest analysis for ICICI Lombard General Insurance What’s the catalyst for ICICI Lombard General Insurance's sector growth?
Simply Wall St - – Full articleICICIGI Company Info
Description
ICICI Lombard General Insurance Company Limited provides various general insurance products and services in India. It offers fire, engineering, hull, aviation, motor, casualty, health, travel, energy, personal accident, marine, liability, home, rural, and credit insurance products and services. The company also provides reinsurance, insurance claims management, and investment management services. It serves conglomerates, small and medium enterprises, state and central governments or government-owned enterprises, rural customers, and individual customers through various channels, such as agents, brokers, bancassurance, telesales, direct alliances, and online platforms. ICICI Lombard General Insurance Company Limited has a strategic partnership with One Mobikwik Systems Private Limited to provide cyber-insurance cover. The company was incorporated in 2000 and is based in Mumbai, India. ICICI Lombard General Insurance Company Limited is a subsidiary of ICICI Bank Limited.
Details
| Name: | ICICI Lombard General Insurance Company Limited |
| ICICIGI | |
| Exchange: | NSEI |
| Founded: | 2000 |
| ₹493,766,762,636 | |
| 454,309,944 | |
| Website: | http://www.icicilombard.com |
| Address: |
ICICI Lombard General Insurance Company Limited ICICI Lombard House, 414, Veer Savarkar Marg, Mumbai, Maharashtra, 400025, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 540716 | Equity Shares | Mumbai Stock Exchange | IN | INR | 27. Sep 2017 | |
| NSEI | ICICIGI | Equity Shares | National Stock Exchange of India | IN | INR | 27. Sep 2017 |
Number of employees
Current staff
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/18 13:07 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/01/30 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
