LIC Shares Jump Over 4% as Q4 Net Profit Surges 38% YoY
Shares of Life Insurance Corporation of India (LIC) surged over 4% in early trade on Saturday after the state-run insurer reported a strong 38% year-on-year (YoY) jump in net profit for the fourth quarter of FY 2024–25, despite a slowdown in new business premiums and annual premium equivalent (APE).
LIC stock climbed 4.2 % to an intra-day high of Rs 908.60 on the Bombay Stock Exchange (BSE), following the announcement of its quarterly financial results.
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India’s largest life insurer posted a profit after tax (PAT) of Rs 19,013 crore in Q4 FY25, up from Rs 13,763 crore in the same quarter last year. However, the performance on key operational metrics showed signs of pressure.
The new business premium declined 9% YoY to Rs 70,019 crore, compared to Rs 77,282 crore in Q4 FY24. Likewise, the retail APE, a widely used benchmark to assess new policy sales, fell to Rs 13,606 crore from Rs 15,014 crore last year.
The total APE for the quarter stood at Rs 18,853 crore. Meanwhile, the Value of New Business (VNB), which indicates the profitability of new policies sold, dropped 14% YoY to Rs 3,534 crore from Rs 4,105 crore in the corresponding period of FY24.
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Despite the dip in key growth metrics, the LIC board recommended a final dividend of Rs 12 per equity share for FY 2024–25, subject to shareholder approval.
LIC, which remains a bellwether for India’s insurance and public sector ecosystem, continues to face challenges in growing retail premiums while aiming to sustain profitability.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
