Life Insurance Corporation of India Q4FY24; 5% rise 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 Q4FY24 of ₹2,38,968.00 Crores up from ₹2,01,231.00 Crore year on year, a rise of 18.75%.

Total Expenses for Q4FY24 of ₹2,38,657.00 Crores up from ₹1,89,692.00 Crores year on year, a rise of 25.81%.

Consolidated Net Profit of ₹13,784.00 Crores up 4.51% from ₹13,189.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹21.79, up 4.46% from ₹20.86 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.