LIC Q1 Result
Life Insurance Corporation of India (LIC) has achieved a 10% rise in net profit, totaling ₹10,461 crore for the quarter ending June 2024, up from Rs 9,544 crore in the same quarter last year. The corporation’s total income also saw an increase, climbing to Rs 2,10,910 crore from Rsc1,88,749 crore.
The net income generated from investments experienced an increase, rising to Rs 96,183 crore from the previous figure of Rs 90,309 crore. The insurer experienced a 16 percent growth in net premium income, which amounted to Rs 1.14 lakh crore in Q1FY25, in contrast to Rs 98,755 crore recorded in Q1FY24.
There was a 13.67 percent increase in New Business Premium Income (Individual), which now stands at Rs. 11,892 crore. The overall annual premium equivalent (APE) experienced a notable rise of 21.28 percent, reaching Rs. 11,560 crore. In addition, the Individual Business Non-Par APE skyrocketed by 166 percent to Rs. 1,615 crore.
LIC Share Price closed at Rs 1125 Today.
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