<p>The largest private sector non- life insurer ICICI Lombard on Tuesday reported a 19.3% growth in net profit at Rs 204.04 crore for the three months to September driven by an improvement in its combined ratio and lower underwriting losses.<br /><br />For the general insurance arm of ICICI Bank Group, this is first quarterly result after going public last month with a successful IPO. In the year-ago quarter the company had a profit of Rs 170.95 crore.<br /><br />Improving its combined ratio, which shows the health of its operations, the company said it came down to 102.8% in the reporting period from 108.6% a year ago. The underwriting loss also improved to Rs 85.07 crore from Rs 127.75 crore in the same quarter a year ago.<br /><br />Similarly, its gross written premium rose to Rs 3,234 crore from Rs 2,753 crore.</p>
<p>The largest private sector non- life insurer ICICI Lombard on Tuesday reported a 19.3% growth in net profit at Rs 204.04 crore for the three months to September driven by an improvement in its combined ratio and lower underwriting losses.<br /><br />For the general insurance arm of ICICI Bank Group, this is first quarterly result after going public last month with a successful IPO. In the year-ago quarter the company had a profit of Rs 170.95 crore.<br /><br />Improving its combined ratio, which shows the health of its operations, the company said it came down to 102.8% in the reporting period from 108.6% a year ago. The underwriting loss also improved to Rs 85.07 crore from Rs 127.75 crore in the same quarter a year ago.<br /><br />Similarly, its gross written premium rose to Rs 3,234 crore from Rs 2,753 crore.</p>