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 Q3FY24 of ₹2,13,345.00 Crores up from ₹1,96,958.00 Crore year on year, a rise of 8.32%.
Total Expenses for Q3FY24 of ₹2,02,681.00 Crores up from ₹1,93,351.00 Crores year on year, a rise of 4.83%.
Consolidated Net Profit of ₹9,444.00 Crores up 49.1% from ₹6,334.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹14.93, up 49.15% from ₹10.01 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.