In today’s briefing:
- Life Insurance Corporation of India Pre-IPO – Peer Comparison, Quick Thoughts on Rumored Valuations
Life Insurance Corporation of India Pre-IPO – Peer Comparison, Quick Thoughts on Rumored Valuations
- Government of India (GoI) is now said to be looking to raise around US$6-7bn via selling a stake in Life Insurance Corporation of India (LIC) in its upcoming India IPO.
- As of FY21, LIC was the largest life insurer in India with a 64.1% market share in terms of GWP, a 66.2% market share in terms of NBP.
- In this note, we undertake a peer comparison and look at the implied multiples at the rumored valuations.
Before it’s here, it’s on Smartkarma
