The share price of Life Insurance Corporation of India (LIC), the country’s largest insurance company, jumped more than 8 percent in the initial session on Wednesday. At 9.51 am, the company’s stock was trading at a level of Rs 945.50 with a gain of over 8 percent. After this, LIC shares were around Rs 940 at 9.54 am. The company’s stock sparked a loud bounce after the company’s quarterly result report for the fourth quarter of FY 2024-25.
LIC’s financial results
LIC’s FY 2024-25 has increased net profit by 38 percent to Rs 19,013 crore in the January-March quarter. Life Insurance Corporation of India (LIC) has reported the financial results of the March quarter to the stock markets on Tuesday. The company made a profit of Rs 13,763 crore a year ago in the same quarter. The LIC said that its total income was reduced to Rs 2,41,625 crore during the quarter under review, while it was Rs 2,50,923 crore in the same quarter of FY 2023-24.
LIC’s profit increased by 18 percent to Rs 48,151 crore throughout the financial year (2024-25) as against Rs 40,676 crore in FY 2023-24. During the last financial year, the total income of the insurance company increased to Rs 8,84,148 crore. It was Rs 8,53,707 crore in FY 2023-24.
Recommendation of final dividend of Rs 12 per share
According to the latest filing, by 27 May 2025, LIC’s market share in the insurance industry was 57.05 percent. Under the approval of shareholders, the board of directors of LIC recommended the final dividend of Rs 12 per share for the financial year 2024-2025.
update in progress…
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