Results for the December quarter have been made public by LIC. The largest government insurance firm in the nation. The third quarter was profitable for the corporation. In the third quarter of the current fiscal year, which runs from October to December, LIC’s net profit increased significantly to Rs 8,334.2 crore. During the same period a year before, the company’s net profit was Rs 235 crore. Additionally, the company’s shares have increased today by 0.53 percent to a level of Rs 613.50.
LIC gave information to the stock market
Life Insurance Corporation of India (LIC) said in the information given to the stock market that its net premium income was Rs 1,11,787.6 crore in the quarter that ended December 2022, which was a year ago in the same quarter of 2021-22. 97,620.34 crore was Rs. However, these figures are not comparable as LIC was not a listed company at that time.
How much the investment income increased
LIC’s investment income increased to Rs 84,889 crore in the quarter under review, which was Rs 76,574.24 crore in the October-December quarter of 2021-22 a year ago.
What is the condition of the LIC stock?
In the last 5 trading days, LIC shares are trading at a level of Rs 613.50 with a gain of 2.08 percent. At the same time, the company’s stock has seen a decline of 14.20 percent in the last month.
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