LIC Q2 Net Profit Surges 49% to Rs 9,444 Crore
Feb 08, 2024 18:13
LIC's net profit jumped 49% to Rs 9,444 crore in Q2 FY24, driven by increased premium income. Read more about LIC's financial performance.
New Delhi, Feb 8 (PTI) State-owned insurer LIC on Thursday reported a 49 per cent jump in net profit at Rs 9,444 crore for the third quarter ended December 2023.
The country's biggest insurer had a net profit of Rs 6,334 crore in the year-ago period, according to a regulatory filing.
Its net premium income rose to Rs 1,17,017 crore in the third quarter of the current fiscal from Rs 1,11,788 crore in the same period a year ago.
LIC's total income increased to Rs 2,12,447 crore in the latest December quarter compared to Rs 1,96,891 crore in the year-ago period.
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