LIC Q3 Results: The December quarter was mixed for the country’s largest life insurance company LIC. Life Insurance Corporation (LIC )’s net premium income fell 9 per cent on an annual basis in the December quarter but the Standelone Net Profit jumped 17 per cent. Before the results, LIC shares slipped under selling pressure today and closed in the red zone at the end of the day. Its shares on BSE today fell 1.56 per cent to close at Rs 815.95 at Rs 815.95, while in Intra-Day it slipped by 2.27 per cent to Rs 810.00.
LIC Q3 Results: Special things
LIC’s net premium income fell 9 per cent to Rs 1,06,891 crore in the December 2024 quarter. There is a difference between the total premium income and reinforcement cost received from NET premium income policyholders for life insurance companies. This is the real revenue of the insurance company, which the insurance company acquires by selling the policy. However, during this time, LIC’s Standelone Net Profit jumped 17 per cent to Rs 11,056 crore. The bank’s total income fell from Rs 2,12,447 crore to Rs 2,01,994 crore during this period.
How was the move of shares in a year
LIC shares were at Rs 1221.50 on 1 August 2024 last year, which is a record high level for its shares. This boom of shares stopped here and in six months from this high level, it slipped more than 34 per cent on 28 January 2025 last month at Rs 804.60, which is a record low of one year for its shares. At the lower level shares have been recovered by about one and a half percent of the shares and purchases, but still LAC shares are about 33 per cent of the one -year highs.