Life Insurance Corporation Of India — Updates, 07-02-2025: Press Release

Profit After Tax (PAT) for Life Insurance Corporation of India (LIC) for the nine-month period ending December 31, 2024, increased by 8.27% to Rs. 29,138 crore compared to Rs. 26,913 crore in the previous year. New Business Premium Income (Individual) rose by 9.73% to Rs. 42,441 crore, with a total Premium Income growth of 5.51% to Rs. 3,40,563 crore.

The Value of New Business (VNB) also saw a healthy gain of 9.08%, reaching Rs. 6,477 crore, while the VNB Margin climbed to 17.1%. The company's Assets Under Management (AUM) surged by 10.29% to Rs. 54,77,651 crore. The Solvency Ratio improved to 2.02 from the previous 1.93, and the overall Expense Ratio decreased significantly by 231 bps to 12.97%.

These metrics reflect LIC's robust operational performance and a strategic shift towards non-participating products within individual business, which now holds a 27.68% share in Annualized Premium Equivalent (APE). Investors should note the positive outlook, particularly with ongoing initiatives in digital transformation and a focus on expanding insurance coverage in India.