LIC Q3 profit rises 17% to ₹11,056 crore
The Hindu
LIC reports 17% rise in net profit to ₹11,056 crore in Q3, despite decrease in premium income.
State-owned insurer LIC on Friday (February 7, 2025) reported a 17% jump in net profit at ₹11,056 crore in the third quarter ended December 2024.
The country's biggest insurer Life Insurance Corporation (LIC) had earned a net profit of ₹9,444 crore in the year-ago period.
However, the net premium income of the insurer moderated to ₹1,06,891 crore in the third quarter of the current fiscal from ₹1,17,017 crore in the same period a year ago, LIC said in a regulatory filing.
The total income also came down to ₹2,01,994 crore in the latest December quarter compared to ₹2,12,447 crore in the year-ago period.
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