ICICI Lombard General Insurance
Market Cap
₹585.0b
Last Updated
2020/02/26 13:20 UTC
Data Sources
Company Financials +
Executive Summary
ICICI Lombard General Insurance Company Limited provides various general insurance products in India.
Snowflake Analysis
High growth potential unattractive dividend payer.
Similar Companies
Share Price & News
How has ICICI Lombard General Insurance's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ICICIGI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-8.9%
ICICIGI
-0.2%
IN Insurance
-1.2%
IN Market
1 Year Return
35.7%
ICICIGI
41.6%
IN Insurance
6.4%
IN Market
Return vs Industry: ICICIGI exceeded the Indian Insurance industry which returned 41.1% over the past year.
Return vs Market: ICICIGI exceeded the Indian Market which returned 6.4% over the past year.
Shareholder returns
| ICICIGI | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.9% | -0.2% | -1.2% |
| 30 Day | -7.7% | -7.4% | -3.6% |
| 90 Day | -7.7% | -3.6% | -0.5% |
| 1 Year | 36.5%35.7% | 42.5%41.6% | 8.4%6.4% |
| 3 Year | n/a | 21.6%12.9% | 20.9%14.3% |
| 5 Year | n/a | 20.5%7.9% | 29.8%18.0% |
Price Volatility Vs. Market
How volatile is ICICI Lombard General Insurance's share price compared to the market and industry in the last 5 years?
Simply Wall St News
22 hours ago | Simply Wall St
How Did ICICI Lombard General Insurance Company Limited's (NSE:ICICIGI) 19% ROE Fare Against The Industry?1 week ago | Simply Wall St
Should You Be Tempted To Sell ICICI Lombard General Insurance Company Limited (NSE:ICICIGI) Because Of Its P/E Ratio?3 weeks ago | Simply Wall St
You Have To Love ICICI Lombard General Insurance Company Limited's (NSE:ICICIGI) DividendValuation
Is ICICI Lombard General Insurance undervalued compared to its fair value and its price relative to the market?
49.18x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ICICIGI (₹1286.9) is trading above our estimate of fair value (₹439.55)
Significantly Below Fair Value: ICICIGI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ICICIGI is good value based on its PE Ratio (51.3x) compared to the Insurance industry average (51.9x).
PE vs Market: ICICIGI is poor value based on its PE Ratio (51.3x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: ICICIGI is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: ICICIGI is overvalued based on its PB Ratio (9.7x) compared to the IN Insurance industry average (8.4x).
Next Steps
Future Growth
How is ICICI Lombard General Insurance forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
22.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ICICIGI's forecast earnings growth (22.9% per year) is above the savings rate (6.5%).
Earnings vs Market: ICICIGI's earnings (22.9% per year) are forecast to grow faster than the Indian market (20.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ICICIGI's revenue (12.9% per year) is forecast to grow faster than the Indian market (9% per year).
High Growth Revenue: ICICIGI's revenue (12.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ICICIGI's Return on Equity is forecast to be high in 3 years time (24.8%)
Next Steps
Past Performance
How has ICICI Lombard General Insurance performed over the past 5 years?
18.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ICICIGI has a high level of non-cash earnings.
Growing Profit Margin: ICICIGI's current net profit margins (10.2%) are lower than last year (10.6%).
Past Earnings Growth Analysis
Earnings Trend: ICICIGI's earnings have grown by 18.2% per year over the past 5 years.
Accelerating Growth: ICICIGI's earnings growth over the past year (10.3%) is below its 5-year average (18.2% per year).
Earnings vs Industry: ICICIGI earnings growth over the past year (10.3%) underperformed the Insurance industry 10.3%.
Return on Equity
High ROE: ICICIGI's Return on Equity (18.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is ICICI Lombard General Insurance's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: ICICIGI has a low level of unsold assets or inventory.
Debt Coverage by Assets: ICICIGI's debt is covered by short term assets (assets are 21.9x debt).
Financial Institutions Analysis
Asset Level: ICICIGI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ICICIGI has a sufficient allowance for bad loans.
Low Risk Liabilities: ICICIGI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ICICIGI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ICICIGI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ICICIGI has an appropriate level of bad loans.
Next Steps
Dividend
What is ICICI Lombard General Insurance's current dividend yield, its reliability and sustainability?
0.57%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ICICIGI's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: ICICIGI's dividend (0.54%) is low compared to the top 25% of dividend payers in the Indian market (2.61%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ICICIGI has been paying a dividend for less than 10 years.
Growing Dividend: ICICIGI's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.9%), ICICIGI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ICICIGI's dividends in 3 years are forecast to be well covered by earnings (23.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.3yrs
Average management tenure
CEO
Bhargav Dasgupta (53yo)
10.8yrs
Tenure
₹63,390,000
Compensation
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 s ...
CEO Compensation Analysis
Compensation vs Market: Bhargav's total compensation ($USD879.32K) is about average for companies of similar size in the Indian market ($USD1.14M).
Compensation vs Earnings: Bhargav's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 10.8yrs | ₹63.39m | 0.083% ₹483.4m | |
| CFO & Chief Risk Officer | 8.3yrs | ₹25.16m | 0.056% ₹326.0m | |
| Chief Marketing Officer-Wholesale & Executive Director | 9.1yrs | ₹34.23m | 0.14% ₹803.3m | |
| Chief Marketing Officer of Retail & Executive Director | 4.8yrs | ₹38.95m | 0.00011% ₹643.5k | |
| Company Secretary | 0yrs | ₹8.71m | 0.0030% ₹17.4m | |
| Chief Customer Service | 0yrs | no data | 0.00088% ₹5.1m | |
| Chief Investment Officer | 1.3yrs | no data | 0.0030% ₹17.6m | |
| Chief Legal & Compliance Officer | 0yrs | no data | no data | |
| Head of Human Resources | 0yrs | no data | no data | |
| Head of Government Department | 0yrs | no data | no data |
8.3yrs
Average Tenure
48yo
Average Age
Experienced Management: ICICIGI's management team is seasoned and experienced (8.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 10.8yrs | ₹63.39m | 0.083% ₹483.4m | |
| Chief Marketing Officer-Wholesale & Executive Director | 9.1yrs | ₹34.23m | 0.14% ₹803.3m | |
| Chief Marketing Officer of Retail & Executive Director | 4.8yrs | ₹38.95m | 0.00011% ₹643.5k | |
| Non-Executive Chairperson of the Board | 1.3yrs | ₹2.31m | 0.00039% ₹2.3m | |
| Additional Non Executive Director | 1.3yrs | no data | no data | |
| Non-Executive Non-Independent Director | 1.3yrs | no data | 0.061% ₹354.0m | |
| Independent Non-Executive Director | 3.8yrs | ₹2.42m | no data | |
| Independent Non-Executive Director | 3.7yrs | ₹1.96m | no data | |
| Independent Non-Executive Director | 5.8yrs | ₹2.42m | no data | |
| Independent Non-Executive Director | 3.6yrs | ₹2.02m | no data |
3.8yrs
Average Tenure
53yo
Average Age
Experienced Board: ICICIGI's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ICICIGI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ICICI Lombard General Insurance Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ICICI Lombard General Insurance Company Limited
- Ticker: ICICIGI
- Exchange: NSEI
- Founded: 2000
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: ₹585.035b
- Shares outstanding: 454.45m
- Website: https://www.icicilombard.com
Number of Employees
Location
- ICICI Lombard General Insurance Company Limited
- 401 & 402, Interface 11
- 4th Floor
- Mumbai
- Maharashtra
- 400064
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 540716 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Sep 2017 |
| ICICIGI | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Sep 2017 |
Biography
ICICI Lombard General Insurance Company Limited provides various general insurance products in India. The company offers insurance products, such as travel, motor, crop/weather, cattle, health, fire, personal accident, marine, engineering, liability, and home and cyber insurance products, as well as provides reinsurance services. It serves customers through body corporates, as well as small, micro, and medium enterprises; state and central governments, and rural customers; and agents, brokers, bancassurance, telesales, direct alliances, motor insurance service providers, and online platforms. 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 13:20 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.