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Corporate

LIC Q2 profit lower at Rs 7,925 crore as income declines

Indian-GRAPEVINE-lic-q2-profit-lower-at-rs-7925-crore-as-income-declines

Published 24 Nov, 2023

By Staff Reporter

State-owned insurer LIC on Friday reported a net profit of Rs 7,925 crore for the September quarter as compared to Rs 15,952 crore in the year-ago period amid decline in income.

The net premium income eased to Rs 1,07,397 crore in the second quarter of the current fiscal, from Rs 1,32,631.72 crore in the year-ago period, LIC said in a filing.

However, the first-year premium for the reporting quarter increased to Rs 9,988 crore, as against Rs 9,125 crore in the year-ago period, it said.



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