{"id":159002,"date":"2024-02-21T06:54:33","date_gmt":"2024-02-21T11:54:33","guid":{"rendered":"https:\/\/44.250.171.167\/?p=159002"},"modified":"2024-02-21T06:54:35","modified_gmt":"2024-02-21T11:54:35","slug":"life-insurance-corporation-of-india-q3fy24-49-rise-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/life-insurance-corporation-of-india-q3fy24-49-rise-in-profits\/","title":{"rendered":"Life Insurance Corporation of India Q3FY24; 49% rise in Profits"},"content":{"rendered":"\n<p>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 &amp; pension products.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Life Insurance Corporation of India reported Revenues for Q3FY24 of \u20b92,13,345.00 Crores up from \u20b91,96,958.00 Crore year on year, a rise of 8.32%.<\/p>\n\n\n\n<p>Total Expenses for Q3FY24 of \u20b92,02,681.00 Crores up from \u20b91,93,351.00 Crores year on year, a rise of 4.83%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b99,444.00 Crores up 49.1% from \u20b96,334.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b914.93, up 49.15% from \u20b910.01 in the same quarter of the previous year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-163-839x1024.png\" alt=\"\" class=\"wp-image-159003\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-163-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-163-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-163-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-163-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-163.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &amp; pension products. Financial Results: Life Insurance Corporation [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":159003,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1],"tags":[10503,8233,11856],"class_list":["post-159002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","tag-health-insurance","tag-insurance-services","tag-term-insurance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-163.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":160080,"url":"https:\/\/alphastreet.com\/india\/general-insurance-corporation-of-india-q3fy24-17-rise-in-profits\/","url_meta":{"origin":159002,"position":0},"title":"General Insurance Corporation of India Q3FY24; 17% rise in Profits","author":"Divyansh_Kasana","date":"March 21, 2024","format":false,"excerpt":"General Insurance Corporation of India is engaged in the business of Reinsurance.(Source : 201903 Annual Report Page No:87) Financial Results: General Insurance Corporation of India reported Revenues for Q3FY24 of \u20b910,880.00 Crores down from \u20b911,275.00 Crore year on year, a fall of 3.5%. Total Expenses for Q3FY24 of \u20b99,532.00 Crores\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-220.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-220.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-220.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-220.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-220.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-220.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":157845,"url":"https:\/\/alphastreet.com\/india\/icici-prudential-life-insurance-company-ltd-q3fy24-2-rise-in-profits\/","url_meta":{"origin":159002,"position":1},"title":"ICICI Prudential Life Insurance Company Ltd Q3FY24; 2% rise in Profits","author":"Divyansh_Kasana","date":"January 19, 2024","format":false,"excerpt":"ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-67.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-67.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-67.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-67.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-67.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-67.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":159752,"url":"https:\/\/alphastreet.com\/india\/sbi-life-insurance-company-ltd-q3fy24-6-rise-in-profits\/","url_meta":{"origin":159002,"position":2},"title":"SBI Life Insurance Company Ltd Q3FY24; 6% rise in Profits","author":"Chirag Gupta","date":"March 12, 2024","format":false,"excerpt":"SBI Life Insurance Company Ltd is engaged in the business of life insurance and annuity. It was started as a Joint-venture between State Bank of India and BNP Paribas Cardif S.A. Financial Results: SBI Life Insurance Company Ltd reported Revenues for Q3FY24 of \u20b939,033.00 Crores up from \u20b926,817.00 Crore year\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-118.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-118.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-118.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-118.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-118.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/03\/image-118.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":157696,"url":"https:\/\/alphastreet.com\/india\/hdfc-life-insurance-company-ltd-q3fy24-16-rise-in-profits\/","url_meta":{"origin":159002,"position":3},"title":"HDFC Life Insurance Company Ltd Q3FY24; 16% rise in Profits","author":"Divyansh_Kasana","date":"January 12, 2024","format":false,"excerpt":"HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings. Financial Results: HDFC Life Insurance Company Ltd reported Revenues for Q3FY24\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-34.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-34.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-34.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-34.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-34.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-34.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":157794,"url":"https:\/\/alphastreet.com\/india\/icici-lombard-general-insurance-company-ltd-q3fy24-22-rise-in-profits\/","url_meta":{"origin":159002,"position":4},"title":"ICICI Lombard General Insurance Company Ltd Q3FY24; 22% rise in Profits","author":"Divyansh_Kasana","date":"January 18, 2024","format":false,"excerpt":"ICICI Lombard General Insurance Co. Ltd is one of the leading and established private sector general insurance companies in India. It offers a well-diversified range of products and risk management solutions through multiple distribution channels. Financial Results: ICICI Lombard General Insurance Company Ltd reported Revenues for Q3FY24 of \u20b95,175.00 Crores\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-60.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-60.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-60.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-60.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-60.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-60.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":158169,"url":"https:\/\/alphastreet.com\/india\/star-health-38-rise-in-profits\/","url_meta":{"origin":159002,"position":5},"title":"Star Health &#038; Allied Insurance Company Ltd Q3FY24; 38% rise in Profits","author":"Chirag Gupta","date":"January 30, 2024","format":false,"excerpt":"Star Health & Allied Insurance Ltd (Star) is India\u2019s first Standalone Health Insurance provider and is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in FY21 with leadership in the attractive retail health segment. Financial Results: Star Health &\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-140.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-140.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-140.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-140.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-140.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-140.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/159002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=159002"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/159002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/159003"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=159002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=159002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=159002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}