ICICI Lombard General Insurance delivers strong growth in profits
Profit after tax increases to Rs. 144 crore for the year ended March 31, 2010 from Rs. 24 crore for the year ended March 31, 2009. – Maintains leadership position amongst private sector General Insurance Companies by garnering a gross written premium (GWP) of Rs. 3,694.7 crore for the year ended March 31, 2010. – Solvency Ratio stands at 2.07 times as at March 31, 2010 as against the minimum of 1.5 times prescribed by IRDA.
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