Lic india share price

FY23 Annual Result Announced for Life Insurance Corporation of India Life Insurance Corporation of India announced FY23 results: • Market leadership with 62.58% market share with 16.67% FYPI growth • Profit After Tax at Rs 36,397 crore • Board recommends a dividend of Rs 3/- Per Share (Previous Year Rs 1.50/- per share) • Value of New Business (Gross) grows by 16.46% to Rs 11,553 crore • VNB margin (Net) increased by 110 bps to 16.2%, the highest since listing • Indian Embedded Value (IEV) increases by 7.53% to Rs 5.82 lakh crore • AUM increased by 7.65% to Rs 43.97 lakh crore • 2.04 crore policies sold in the individual segment during FY23 • 13th mth Persistency on a premium basis improves by 150 bps to 77.09% Shri Siddhartha Mohanty, Chairperson, LIC said, “Our results demonstrate the resilience of our business, built in every nook and corner of the country, over more than six decades. Our efforts towards enhancing the share of nonpar products in the overall product mix are bearing fruits. With the increase in profit, net VNB margin, and IEV we are well-positioned to continue our growth journey, in the service of the nation and its citizens. The regulatory initiatives towards Insurance for All by 2047 will present opportunities to grow for the sector and we intend to participate in that growth. As we move forward to grow our business further, we will endeavour to create superior value for all our stakeholders. Finally, we thank all our policyholders, agents, employees, a...

NSE: LICI Share Price Financial Analysis & Valuation Life Insurance Corporation of India (LICI) is broadly categorized in In the past 1 year, Life Insurance Corporation of India has declared an equity dividend of Rs 1.5 per share. At the current share price of LICI at Rs 604.45, this results in a dividend yield of 0.25 %. As per the Fundamental Analysis of NSE:LICI, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine LICI underlying value and future prospects. All of this data is available in LICI financial statements. Quality of the Stock: As per the fundamental analysis of NSE:LICI, it is clearly understood that LICI is Standard performer in terms of earnings and profit margins with an EPS of 57.55. NSE:LICI book value per share as of today is 72.20. The current price to book ratio for LICI as of Jun 17, 2023 is 8.37. Valuation of the Stock: The current valuation of LICI stock is like Steel which means currently the stock is Moderately Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of LICI whether to BUY this stock at current valuation. The delivery percentage of LICI is 47.32% is very crucial parameter which shows that 47.32% investors are anticipating that the price of LICI share should go up with VWAP at 603.19. Now, the main question is whether to BUY or SELL, NSE:LICI at current valuation. As per our 2023, Analysis No. #1553:- ⇑ STRONG BUY LICI if...

Earlier during the day, ahead of the results announcement, LIC's scrip closed 1.81% higher at ₹836.50 on NSE. LIC shares are down more than 15% from its IPO issue price. LIC made its stock market debut earlier this month on May 17, 2022. LIC IPO, India's largest till date, had closed with nearly 3 times subscription, predominantly lapped up by retail and institutional buyers, but foreign investor participation remained muted. The government sold over 22.13 crore shares or a 3.5% stake in LIC through the initial share sale. Its solvency ratio, a measure of an insurer's ability to meet its long-term debt obligations, rose to 1.85 from 1.76 a year earlier. LIC's 13-month persistency ratio, reflecting the number of policies being renewed. fell to 69.24% from 73.24%.

Synopsis Life Insurance Corporation (LIC) of India is set to hold international roadshows in Hong Kong and the UK later this month, aimed at raising awareness among global investors about LIC shares following its listing a year ago. The meetings will be spread over five days and involve interactions between the top management of the company and investors. The roadshows are aimed at highlighting the strength of LIC and urging investors to invest in the company's shares as it has huge potential. LIC posted a consolidated net profit of Rs 13,191 crore for Q4 2022-23 compared to Rs 2,409 crore in the same quarter the previous year. It has been a little over one year since LIC was listed on the stock exchanges. The non-deal roadshows will offer investors a comprehensive look at the company's story. It also aims at fostering effective communication between the executive team and investors. According to the sources, the top management of LIC will interact with global investors through a series of meetings spread over five days and highlight the strength of the company. LIC shares were listed on May 17, 2022, at a discount of 8.62 per cent at Rs 867.20 apiece on BSE over the issue price of Rs 949 a share. Shares of the LIC closed at Rs 601.95, down 0.32 per cent on the BSE. The stock is now down around 40 per cent from its IPO issue price of Rs 949 per share, taking the total erosion of market capitalisation to about Rs 2.5 lakh crore. The government sold over 22.13 crore shares o...

NSE: LICI Share Price Financial Analysis & Valuation Life Insurance Corporation of India (LICI) is broadly categorized in In the past 1 year, Life Insurance Corporation of India has declared an equity dividend of Rs 1.5 per share. At the current share price of LICI at Rs 604.45, this results in a dividend yield of 0.25 %. As per the Fundamental Analysis of NSE:LICI, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine LICI underlying value and future prospects. All of this data is available in LICI financial statements. Quality of the Stock: As per the fundamental analysis of NSE:LICI, it is clearly understood that LICI is Standard performer in terms of earnings and profit margins with an EPS of 57.55. NSE:LICI book value per share as of today is 72.20. The current price to book ratio for LICI as of Jun 17, 2023 is 8.37. Valuation of the Stock: The current valuation of LICI stock is like Steel which means currently the stock is Moderately Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of LICI whether to BUY this stock at current valuation. The delivery percentage of LICI is 47.32% is very crucial parameter which shows that 47.32% investors are anticipating that the price of LICI share should go up with VWAP at 603.19. Now, the main question is whether to BUY or SELL, NSE:LICI at current valuation. As per our 2023, Analysis No. #1554:- ⇑ STRONG BUY LICI if...

Synopsis Life Insurance Corporation (LIC) of India is set to hold international roadshows in Hong Kong and the UK later this month, aimed at raising awareness among global investors about LIC shares following its listing a year ago. The meetings will be spread over five days and involve interactions between the top management of the company and investors. The roadshows are aimed at highlighting the strength of LIC and urging investors to invest in the company's shares as it has huge potential. LIC posted a consolidated net profit of Rs 13,191 crore for Q4 2022-23 compared to Rs 2,409 crore in the same quarter the previous year. It has been a little over one year since LIC was listed on the stock exchanges. The non-deal roadshows will offer investors a comprehensive look at the company's story. It also aims at fostering effective communication between the executive team and investors. According to the sources, the top management of LIC will interact with global investors through a series of meetings spread over five days and highlight the strength of the company. LIC shares were listed on May 17, 2022, at a discount of 8.62 per cent at Rs 867.20 apiece on BSE over the issue price of Rs 949 a share. Shares of the LIC closed at Rs 601.95, down 0.32 per cent on the BSE. The stock is now down around 40 per cent from its IPO issue price of Rs 949 per share, taking the total erosion of market capitalisation to about Rs 2.5 lakh crore. The government sold over 22.13 crore shares o...

FY23 Annual Result Announced for Life Insurance Corporation of India Life Insurance Corporation of India announced FY23 results: • Market leadership with 62.58% market share with 16.67% FYPI growth • Profit After Tax at Rs 36,397 crore • Board recommends a dividend of Rs 3/- Per Share (Previous Year Rs 1.50/- per share) • Value of New Business (Gross) grows by 16.46% to Rs 11,553 crore • VNB margin (Net) increased by 110 bps to 16.2%, the highest since listing • Indian Embedded Value (IEV) increases by 7.53% to Rs 5.82 lakh crore • AUM increased by 7.65% to Rs 43.97 lakh crore • 2.04 crore policies sold in the individual segment during FY23 • 13th mth Persistency on a premium basis improves by 150 bps to 77.09% Shri Siddhartha Mohanty, Chairperson, LIC said, “Our results demonstrate the resilience of our business, built in every nook and corner of the country, over more than six decades. Our efforts towards enhancing the share of nonpar products in the overall product mix are bearing fruits. With the increase in profit, net VNB margin, and IEV we are well-positioned to continue our growth journey, in the service of the nation and its citizens. The regulatory initiatives towards Insurance for All by 2047 will present opportunities to grow for the sector and we intend to participate in that growth. As we move forward to grow our business further, we will endeavour to create superior value for all our stakeholders. Finally, we thank all our policyholders, agents, employees, a...

Earlier during the day, ahead of the results announcement, LIC's scrip closed 1.81% higher at ₹836.50 on NSE. LIC shares are down more than 15% from its IPO issue price. LIC made its stock market debut earlier this month on May 17, 2022. LIC IPO, India's largest till date, had closed with nearly 3 times subscription, predominantly lapped up by retail and institutional buyers, but foreign investor participation remained muted. The government sold over 22.13 crore shares or a 3.5% stake in LIC through the initial share sale. Its solvency ratio, a measure of an insurer's ability to meet its long-term debt obligations, rose to 1.85 from 1.76 a year earlier. LIC's 13-month persistency ratio, reflecting the number of policies being renewed. fell to 69.24% from 73.24%.

Earlier during the day, ahead of the results announcement, LIC's scrip closed 1.81% higher at ₹836.50 on NSE. LIC shares are down more than 15% from its IPO issue price. LIC made its stock market debut earlier this month on May 17, 2022. LIC IPO, India's largest till date, had closed with nearly 3 times subscription, predominantly lapped up by retail and institutional buyers, but foreign investor participation remained muted. The government sold over 22.13 crore shares or a 3.5% stake in LIC through the initial share sale. Its solvency ratio, a measure of an insurer's ability to meet its long-term debt obligations, rose to 1.85 from 1.76 a year earlier. LIC's 13-month persistency ratio, reflecting the number of policies being renewed. fell to 69.24% from 73.24%.

Synopsis Life Insurance Corporation (LIC) of India is set to hold international roadshows in Hong Kong and the UK later this month, aimed at raising awareness among global investors about LIC shares following its listing a year ago. The meetings will be spread over five days and involve interactions between the top management of the company and investors. The roadshows are aimed at highlighting the strength of LIC and urging investors to invest in the company's shares as it has huge potential. LIC posted a consolidated net profit of Rs 13,191 crore for Q4 2022-23 compared to Rs 2,409 crore in the same quarter the previous year. It has been a little over one year since LIC was listed on the stock exchanges. The non-deal roadshows will offer investors a comprehensive look at the company's story. It also aims at fostering effective communication between the executive team and investors. According to the sources, the top management of LIC will interact with global investors through a series of meetings spread over five days and highlight the strength of the company. LIC shares were listed on May 17, 2022, at a discount of 8.62 per cent at Rs 867.20 apiece on BSE over the issue price of Rs 949 a share. Shares of the LIC closed at Rs 601.95, down 0.32 per cent on the BSE. The stock is now down around 40 per cent from its IPO issue price of Rs 949 per share, taking the total erosion of market capitalisation to about Rs 2.5 lakh crore. The government sold over 22.13 crore shares o...