05 Oct 2025
ICICI Lombard
Consensus Share Price Target
1911.60
2133.35
-
11.60
buy
28 Jun 2023
ICICI Lombard
Motilal Oswal
Target
1911.60
1550.00
1332.70
(43.44%)
Target met
Buy
26 May 2023
ICICI Lombard
ICICI Securities Limited
1911.60
1634.00
1099.95
(73.79%)
Target met
Buy
Broker Report
We hosted the senior management of ICICI Lombard General Insurance Company (ICICIGI) at our Singapore conference. Company was represented by Gopal Balachandran, CFO, and Anckur Kanwar, deputy CFO and Head Reinsurance.
27 Apr 2023
ICICI Lombard
Geojit BNP Paribas
Reco
Target
1911.60
1169.00
1066.10
(79.31%)
Target met
Hold
20 Apr 2023
ICICI Lombard
Sharekhan
1911.60
1400.00
1076.25
(77.62%)
Target met
Buy
20 Apr 2023
ICICI Lombard
Sharekhan
1911.60
1400.00
1076.25
(77.62%)
Target met
Buy
19 Apr 2023
ICICI Lombard
ICICI Securities Limited
Target
1911.60
1634.00
1076.20
(77.62%)
Target met
Buy
Broker Report
The combined ratio (COR) for ICICI Lombard (ICICIGI) remained elevated at 104.2/104.5% in Q4FY23/FY23. Recovery in motor loss ratio and traction in health (group as well as retail) remain the key investment theses. While motor loss ratio remains elevated (motor OD and motor TP FY22/FY23 loss ratio stood at 68/72.6% and 74/72%, respectively), there has been 31% YoY growth in retail health agency vertical in Q4FY23.
19 Apr 2023
ICICI Lombard
ICICI Direct
Target
1911.60
1250.00
1076.20
(77.62%)
Target met
Hold
18 Apr 2023
ICICI Lombard
Motilal Oswal
Target
1911.60
1400.00
1130.75
(69.06%)
Target met
Buy
29 Mar 2023
ICICI Lombard
ICICI Securities Limited
1911.60
1445.00
1073.20
(78.12%)
Target met
Buy
Broker Report
We attended the Digital Day of ICICI Lombard held in their Mumbai office, 28th Mar’23. Management detailed the company’s digital enterprise strategy in: (1) partnerships in financial services, (2) healthcare, (3) SME, (4) logistics and infrastructure, (5) automobiles, and (6) service and sales strategy with measurable parameters and interesting use case illustrations.
19 Jan 2023
ICICI Lombard
ICICI Securities Limited
Target
1911.60
1445.00
1200.15
(59.28%)
Target met
Buy
Broker Report
The combined ratio (COR) for ICICI Lombard (ICICIGI) remained elevated at 104.4% in Q3FY23 and 104.6% in 9MFY23. Recovery in motor loss ratios and traction in health (group as well as retail) have been the investment thesis for quite some time now and is still relevant.