LIC announces fourth quarter results ended March 2024 dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
The country's largest life insurer reported a net profit of Rs 13,782 crore for the quarter ended March 31, 2024, up by 4.5 percent, compared to Rs 13,191 crore reported in the corresponding period of the last financial year.
JP Morgan maintains Overweight rating on LIC post Q4 results, setting target price of Rs 1,340. LIC s market share growth and strong earnings drive stock performance.
LIC Q4 Results: The company had reported a net profit of Rs 13,191 crore in the corresponding period of the last financial year. The Total Premium Income for the year ended March 31, 2024, was reported at Rs 4,75,070 crore. It was Rs 4,74,005 crore for the year ended March 31 2023. The Total Individual Business Premium for the financial year increased to Rs 3,03,768 crore from Rs 2,92,763 crore reported for the comparable period of the previous year.