- LIC reported a net income of 110.6 billion rupees in the third quarter, marking a 17% increase compared to the same period last year.
- The company experienced a decline in net premium income to 1.07 trillion rupees, down by 8.5% year-over-year.
- Net investment income also saw a slight decrease of 1%, bringing it to 943.4 billion rupees.
- Gross non-performing assets improved, coming down to 1.64% from 1.72% in the previous quarter.
- The solvency ratio increased to 202%, up from 193% the previous year, indicating better financial stability.
- Other income fell by 8.5% year-over-year, totalling 1.5 billion rupees.
- The company received recommendations of 16 buys, 3 holds, and 1 sell from analysts.
A look at Life Insurance of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Life Insurance Corporation of India has received positive Smart Scores across various factors, indicating a generally optimistic outlook for the company. With a top score in Value and strong ratings in Dividend and Resilience, the company is poised for long-term stability and profitability. These scores suggest that Life Insurance of India is well-positioned to offer value to investors and potentially generate steady returns.
Although the Growth and Momentum scores are not as high as the other factors, the overall positive assessment based on the Smart Scores bodes well for the future prospects of Life Insurance of India. As a leading insurance provider offering a range of products including life, pension, health, and micro insurance, the company’s solid performance across key metrics indicates a foundation for sustained success in the evolving insurance market of India.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
