As I can see ICICI Lombard has always reported loss at operational level in March quarters for 3 years, 2021, 2022 and 2023.
Is this common with all insurance companies OR Is this specific to ICICI Lombard?
Also, they report high Other Income in March quarter to cover up this loss. What is this Other Income and Is it always reported in March Quarter? My initial understanding was that this could be income from the Investment Portfolio of any insurance business, but I may be wrong. I am understanding this business only for last few months/quarters.
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