ICICI Lombard General Insurance Company Ltd. share price target

ICICI Lombard General Insurance Company Ltd. (ILGIC) was founded as a joint venture between ICICI Bank Ltd., India's largest private sector bank (in terms of consolidated total assets) and Fairfax Financial Holdings Ltd., a Canadian based holding company engaged in property and casualty insurance and re-insurance and casualty management. ILGIC is the largest private sector non-life insurer in India based on gross direct premium income since FY04 after commencing operations in FY02. ILGIC offers its customers a wide range of products including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance. Consistent market leadership ILGIC is the largest private sector non-life insurer in...

18.0% among private-sector non-life insurers in India. It has presence in 618 districts of 716 pan India through its wide distribution network. In FY17, 87.5% of new policies were initiated on digital platform. While number of policies grew at a cumulative annual growth rate of 13.1% between FY15 and FY17. As of June 17, ICICILOM had 164.46 bn in total investment assets, with an investment leverage, net of borrowings of 4.07x. ICICILOM annualized total portfolio return (including unrealized gains) for FY17 was 13.0%. ICICILOM have a strong capital position with a solvency ratio of 2.13x as of...