LIC Share Price in Focus After Release of Q2 FY25 Results

On November 8, 2024, Life Insurance Corporation (LIC) reported a close of 4% decline in its net profit of ₹7,729 crore in the September quarter of FY25 as against ₹8,030 crore in the corresponding quarter last year.

Q2 FY25 Performance

LIC’s transferred benefits to the policyholder’s account amounting to ₹1,057.94 crore in the Jul-Sep quarter as against ₹33 lakh in the same quarter last year.

The company reported a net premium income of ₹1.2 lakh crore for the quarter under review in the current fiscal, from ₹1.07 lakh crore in the same quarter last year. 

Individual New Business premium income also saw growth, reaching ₹29,538 crore in the first half of FY25, a 17.29% rise compared to ₹25,184 crore in the first half of FY24.

LIC continues to be the market leader in the Indian life insurance business with an overall market share of 61.07% for the half year ended September 30th, 2024 as compared to 58.50% for the half year ended September 30th, 2023. For the half year ended September 30th, 2024, LIC had a market share of 39.79% in Individual business and 74.77% in Group business.

Growth in Individual Segment Policy Sales

A total of 91,70,420 policies were sold in the individual segment during the six months

ended September 30th, 2024 as compared to 80,60,725 policies sold during the six months

period ended September 30th 2023, registering a growth of 13.77%

LIC Share Price Performance

LIC share price traded 1.1% higher at ₹924.20 at 11:00 AM. The share touched the day’s high of ₹930.95 and touched the day’s low of ₹907.85 after opening at ₹920, as per the data on the BSE website.

About LIC

The Life Insurance Corporation of India (LIC) is India’s largest and oldest life insurance provider, established in 1956 when the Government of India nationalized the life insurance industry. LIC was formed by consolidating over 245 private insurers and provident societies, and it now operates under the Ministry of Finance. Headquartered in Mumbai, LIC has an extensive network across the country, serving millions of policyholders with various insurance and investment products.

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