LIC’s Q4 net profit sees a slight increase to Rs 13,762 crore, with healthy asset quality; announces Rs 6 interim dividend

The Life Insurance Corporation of India (LIC) reported a 2.5 percent year-on-year increase in net profit, reaching Rs 13,762 crore for the March quarter of the financial year 2023-24, compared to Rs 13,421 crore in the same period the previous year.

On May 27, the country’s largest insurer announced that its asset quality had improved in the final quarter of FY24. Additionally, LIC declared an interim dividend of Rs 6 per share.

The gross non-performing asset (GNPA) ratio stood at 2.01 percent, down from 2.56 percent in the previous year.

LIC’s solvency ratio was 1.98 percent, compared to 1.87 percent last year.

Today 7 may 2024, LIC stock price opened 1035, Intraday high 1054,Intraday low 1024.05 and closed at 1036.05.


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