Mumbai, May 27 (IANS). Life Insurance Corporation of India (LIC), the country’s largest government insurance company, announced the results of the fourth quarter of FY 25 on Tuesday. The company’s profit in the January-March period increased by 38 percent to Rs 19,013 crore on an annual basis, which was at Rs 13,763 crore in the same period last year.
Government insurance has announced a dividend of Rs 12 per year for FY 25. The record date for this has been fixed on 25 July 2025.
LIC’s net premium income was Rs 1.47 lakh crore in the fourth quarter of FY 25, which was Rs 1.52 lakh crore in the same period last year.
As of 31 March 2025, the solvency ratio of LIC has been 2.11 times, which was 1.98 times in the same period last year.
In the entire financial year 25, the insurance company has made a net profit of Rs 48,151 crore, which is 18.38 percent more than the profit of Rs 40,676 crore recorded in FY 24.
According to a statement by the company, LIC remains a leader in the first year premium income with a total market share of 57.05 percent in the Indian life insurance business. For the year ended 31 March, 2025, its market share in individual business was 37.46 percent and 71.19 percent in group business.
The total premium income for FY 25 was Rs 4,88,148 crore, while it was Rs 4,75,070 crore for the year ended 31 March 2024.
The net VNB margin for FY25 rose 80 bps to 17.6 percent, while it was 16.8 percent for the same period of a year ago.
LIC’s stock closed at Rs 870 with a slight increase at the National Stock Exchange (NSE).
-IANS
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