Life Insurance Corporation of India (LIC) reported a 2.5% increase in Q4 net profit to Rs 13,763 crore.

Life Insurance Corporation of India (LIC) reported a 2.5% increase in Q4 net profit to Rs 13,763 crore, compared to Rs 13,428 crore in the previous year, due to a higher increase in employee remuneration and welfare expenses. Net premium income for the quarter increased to Rs 152,293 crore, up from Rs 131,761 crore in the previous year, while income from investments during the quarter rose to Rs 84,425 crore compared to Rs 67,847 crore in the same period last year. LIC also declared a final dividend of Rs 6 per share for the financial year ended March 31, 2024.

May 27, 2024
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