India's ICICI Lombard rises on higher premium collections in Feb

Star Health and Allied Insurance

12/03/2024 05:15

** Shares of ICICI Lombard General Insurance  ICIL.NS  up
2.4% to 1,694.40 rupees 
    ** Insurer's gross direct premium collections in February
rose 38.6% YoY, outperforming the industry's 11.6% growth
    ** New India Assurance  THEE.NS  underperfoms the industry
with its 4.2% growth; stock down 3.6%
    ** THEE on track for fifth straight session of loss
    ** Health insurer Star Health and Allied Insurance  STAU.NS 
also underperforms with its 19.3% growth vs industry's 29.3%;
stock down 1.3%
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))