- Net income for LIC in 4Q 2024 was 137.6 billion rupees, up by 2.5% year-on-year.
- Net premium income grew to 1.52 trillion rupees, an increase of 16% year-on-year.
- Net investment income saw a significant rise to 844.3 billion rupees, marking a 24% increase year-on-year.
- Gross non-performing assets (NPA) were recorded at 2.01%.
- The solvency ratio improved to 1.98% from 1.87% year-on-year.
- Other income surged to 141.6 billion rupees compared to 4.84 billion rupees year-on-year.
- LIC announced a dividend per share of 6 rupees.
- Analysts’ recommendations include 14 buys, 4 holds, and 2 sells.
A look at Life Insurance of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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 of India, as assessed by Smartkarma Smart Scores, shows a positive long-term outlook. With high scores in Growth and Resilience, the company demonstrates strong potential for future expansion and ability to withstand economic uncertainties. Additionally, its Dividend and Momentum scores further enhance its overall outlook, indicating a stable financial performance and favorable market momentum.
Life Insurance Corporation of India operates as an insurance company offering a range of life, pension, health, and micro insurance products and services to customers in India. With encouraging Smart Scores in various key factors, the company’s future prospects seem promising in the life insurance sector, positioning it well for sustained growth and profitability in the coming years.
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.
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