LIC Q1 Results: Life Insurance Corp.’s consolidated net profit rose 4.11% in the First quarter ended June. The country’s largest insurer posted a profit of Rs 10,985 crore in the quarter ended June, as compared to Rs 10,551 crore in the year-ago period, according to an exchange filing on Thursday.
LIC Q1 FY25 Highlights (Consolidated, YoY)
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Net premium income up/down 4.71% to Rs 1,19,618 crore versus Rs 1,14,230 crore.
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Net profit up 4.1% to Rs 10,985 crore versus Rs 10,551 crore.
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Annual premium equivalent (APE) up 9.45% to Rs 12, 652 crore versus Rs 11,560 crore. (NDTV Profit Estimate Rs 12,000 crore)
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Value of new business rises 20.75% to Rs 1,944 crore versus Rs 1,610 crore. (NDTV Profit Estimate Rs 1,750 crore)
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VNB margin at 15.4% versus 13.9%. (NDTV Profit Estimate Rs 14.6%)
Before the financial results were declared, shares of LIC closed 0.81% lower at Rs 885.45 apiece on the BSE. The domestic benchmarks Sensex and Nifty 50 snapped a two-day losing streak today to settle higher.
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