LIC Q4 Results: Standalone PAT Rs 36,397.40 cr, AUM grows to Rs 43.97 trn

Net premium income fell 8% to Rs 1.31 trn during the March quarter, compared with Rs 1.43 trn in the corresponding quarter of previous year

BS Web Team New Delhi

Listen to This Article

Life Insurance Corp (LIC) on Wednesday reported standalone Profit after Tax (PAT) for the year ended March 31st 2023 was Rs. 36,397.40 crore as compared to Rs. 4,043.12 crore for the previous year ended March 31st, 2022.

In the March quarter, net premium income decreased 8 per cent to Rs 1.31 trillion from Rs 1.43 trillion in the corresponding quarter the year prior.
First year premium for LIC in the reporting quarter was Rs 12,811, a 12 per cent decrease from Rs 14,614 in the corresponding quarter last year.

Investment income increased slightly over the same time previous year, rising to Rs 67,846 crore from Rs 67498 crore.

Net commission increased by 5 per cent to Rs 8,428 crore during the quarter. In the same period the year before, the amount was Rs 7,996 crore. The insurer's earnings for the entire year fell 10 per cent to Rs 36,397 crore from Rs 40,431 crore reported in fiscal 2022.
The company's solvency ratio increased from 1.85 in the December quarter and March quarter of previous year to 1.87 at the end of the March quarter.

Also Read

Life insurers' new biz premium growth eases to 10% as LIC loses pace

New tax norm to hurt insurers; stocks attractive for the long run: Analysts

LIC extends losing streak to 7th straight session, hits record low

Life insurance stocks in focus; LIC, HDFC, SBI, ICICI Pru gain up to 5%

New business premium of life insurance companies rises 30% in November

Icra Q4 net profit up 14.5% YoY to Rs 38.6 cr; revenue rises 16.4%

Oil India Q4 results: PAT jumps 10% to Rs1,788 cr, dividend Rs 5.50 a share

JB Pharma Q4 PAT rises 3.5% to Rs 88 cr, revenue stands at Rs 762 cr

APM Terminals Pipavav Q4 profit rises 31%, Ebitda stands at Rs 129.94 cr

Brigade Enterprises Q4 profit at Rs 63 cr, FY23 profit stands at 222 cr

The board has a recommended a final dividend of Rs 3 per equity share with face value of Rs 10 each for the year ended March 2023.

Life Insurance

  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 5Y

First Published: May 24 2023 | 9:20 PM IST

Explore News