Life Insurance Corporation of India, India’s largest insurer, has posted an 18.03 per cent decline in standalone web revenue at Rs 2,371.55 crore for the quarter ended March 31, 2022 a web revenue of Rs 2,893.48 crore in the identical interval of final 12 months.
The web premium revenue of LIC, which listed its shares earlier this month, rose 18.18 per cent to Rs 143,745 crore for This autumn of FY22 as towards Rs 121,626 crore within the year-ago interval.
The board of administrators has really useful a dividend of Rs 1.50 per fairness share with face worth of Rs 10 every for the 12 months ended March 31, 2022.
On Monday, LIC shares closed 1.89 per cent greater at Rs 837.05 on the BSE on Monday. The company’s IPO provide value was Rs 949 per share.
Best of Express PremiumPremiumPremiumPremiumPremium
Buy Now | Our finest subscription plan now has a particular value
The firm’s revenue from investments got here in at Rs 67,498 crore as towards Rs 67,435 crore within the year-ago quarter. Its solvency ratio, a measure of an insurer’s potential to fulfill its long-term debt obligations, rose to 1.85 from 1.76 a 12 months earlier.
The web revenue of LIC for the total 12 months 2021-22 has gone as much as Rs 4,124.70 as towards Rs 2,974 crore within the earlier 12 months.
The market capitalisation of LIC was Rs 529,433 crore as of Monday. Its 13-month persistency ratio reflecting the variety of insurance policies being renewed fell to 69.24 per cent from 73.24 per cent.
