Life Insurance Corporation of India Q2FY25; 4% fall in Profits

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 Q2FY25 of ₹2,31,132.00 Crores up from ₹2,03,033.00 Crore year on year, a rise of 13.84%.

Total Expenses for Q2FY25 of ₹2,24,544.00 Crores up from ₹1,94,558.00 Crores year on year, a rise of 15.41%.

Consolidated Net Profit of ₹7,723.00 Crores down 3.85% from ₹8,032.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹12.22, down 3.78% from ₹12.70 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.