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The Life Insurance Corporation of India (“the Corporation”) announced its performance for the quarter ended June 30, 2024 (Q1 – FY 2025).

Posted By: sumant August 9, 2024

Life Insurance Corporation of India (“the Corporation”) announced its performance for the quarter ended June 30, 2024 (Q1 – FY 2025).

Link to the Q1-FY 2025 Result sheet: https://www.bseindia.com/xml-data/corpfiling/AttachLive/05621a72-09f0-4633-9644-e4a61b274c97.pdf

Link to the press release: https://www.bseindia.com/xml-data/corpfiling/AttachLive/f662f929-5ffe-4ebd-872c-25afce6f8a4d.pdf

Shri. Siddhartha Mohanty, CEO & MD, LIC

Mumbai, 09th August 2024 (GNI): The Life Insurance Corporation of India (“the Corporation”) announced its performance for the quarter ended June 30, 2024 (Q1 – FY 2025).

PERFORMANCE UPDATE for April-June (Q1) of FY 2024-2025

* Profit After Tax increased by 9.61% to Rs. 10,461 crores.

* Overall Market share by First Year Premium Income (FYPI) increased to 64.02% from

61.42% on YoY basis.

* Total Premium Income increased by 15.66% to Rs. 1,13,770 crore

* New Business Premium Income (Individual) increased by 13.67% to Rs. 11,892 crore.

* Overall APE increases by 21.28% to Rs. 11,560 crore.

* Individual Business Non Par APE increased by 165.63% to Rs 1,615 crore.

* Group Business APE increased by 34.37% to Rs. 4,813 crore

* Non Par APE share within Individual business at 23.94% for Q1 FY25 as compared to

10.22% in Q1 FY24.

* Value of New Business (VNB) increased by 23.66% to Rs 1,610 crore.

* VNB Margin (Net) increased by 20 bps to 13.9%

* AUM increased by 16.22% to Rs 53.59 lakh crore.

* Solvency Ratio increased to 1.99 from 1.89

* Overall expense ratio reduced by 98 bps to 11.87% from 12.85%.ends GNI

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