Life Insurance Corporation (LIC) is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
Financial Results:
Life Insurance Corporation of India reported Revenues for Q1FY24 of ₹1,89,300.00 Crores up from ₹1,68,071.00 Crore year on year, a rise of 12.63%.
Total Expenses for Q1FY24 of ₹1,78,435.00 Crores up from ₹1,66,922.00 Crores year on year, a rise of 6.9%.
Consolidated Net Profit of ₹9,544.00 Crores up 1297.36% from ₹683.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹15.09, up 1,297.22% from ₹1.08 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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