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Life Insurance Corporation of India
Previous close
₹882.25
Day range
₹878.45 - ₹894.00
Year range
₹608.00 - ₹1,221.50
Market cap
5.62T INR
Avg Volume
74.70K
P/E ratio
13.55
Dividend yield
1.12%
Primary exchange
NSE
Market news
Financials
Income Statement
Revenue
Net income
| (INR) | Sep 2024info | Y/Y change |
|---|---|---|
Revenue | 2.32T | 13.96% |
Operating expense | 95.58B | -23.96% |
Net income | 96.62B | 10.92% |
Net profit margin | 4.17 | -2.57% |
Earnings per share | 12.22 | -3.78% |
EBITDA | 94.46B | -1.15% |
Effective tax rate | 10.59% | — |
Balance Sheet
Total assets
Total liabilities
| (INR) | Sep 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 293.90B | -20.97% |
Total assets | 57.19T | 16.14% |
Total liabilities | 56.21T | 15.61% |
Total equity | 978.16B | — |
Shares outstanding | 7.91B | — |
Price to book | 7.14 | — |
Return on assets | — | — |
Return on capital | 25.81% | — |
Cash Flow
Net change in cash
| (INR) | Sep 2024info | Y/Y change |
|---|---|---|
Net income | 96.62B | 10.92% |
Cash from operations | — | — |
Cash from investing | — | — |
Cash from financing | — | — |
Net change in cash | — | — |
Free cash flow | — | — |
About
Life Insurance Corporation of India is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹52.52 trillion as of March 2024. It is under the ownership of Government of India and administrative control of the Ministry of Finance.
The Life Insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act, nationalising the insurance industry in India. Over 245 insurance companies and provident societies were merged.
LIC reported 290 million policyholders as of 2019, a total life fund of ₹28.3 trillion, and a total value of sold policies in the year 2018–19 of ₹21.4 million. The company also reported having settled 26 million claims in 2018–19. It ranked 98th on the 2022 Fortune Global 500 list with a revenue of ₹775,283 crore and a profit of ₹4,415 crore. Wikipedia
Founded
Sep 1, 1956
Website
Employees
98,661
