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VERIFIEDET Markets·negative
ICICI Lombard General Insurance shares tumble 15% after Q1 profit takes a hit
AI Summary
- ·ICICI Lombard General Insurance shares fell 15% following Q1 results.
- ·The company reported a 46% year-on-year decline in net profit to Rs 403 crore for Q1 FY27.
- ·Gross premium income increased by 7.5% to Rs 8,318 crore, but the combined ratio deteriorated to 107.2%.