BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
The strong growth potential of Indian non-life insurance remains the key investment argument for ICICI Lombard General Insurance Company Ltd.
The company’s return on equity and market share remains stable and there are several available levers which could potentially result in positive earnings cycle over next two years.
We are optimistic on the stock as ICICI Lombard will be one of the key beneficiaries of the positive cycle in non-life insurance.
The only risk to earnings is if there is a change in the strategy to accommodate higher growth through lower margins. This strategy is possible but depends on competitive intensity. Liquidity driven cash burn strategy of competition has changed the landscape as of now.
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