{"id":3897,"date":"2025-02-07T12:54:58","date_gmt":"2025-02-07T12:54:58","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=3897"},"modified":"2025-05-13T16:53:58","modified_gmt":"2025-05-13T11:23:58","slug":"lic-q3-results-net-premium-income-drops-9-pat-jumps-17-to-rs-11056-crore","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/lic-q3-results-net-premium-income-drops-9-pat-jumps-17-to-rs-11056-crore\/","title":{"rendered":"LIC Q3 Results: Net Premium Income Drops 9%, PAT Jumps 17% to Rs 11,056 Crore"},"content":{"rendered":"<p>Life Insurance Corporation of India (LIC) has reported its Q3 results for FY2024, highlighting a 9% decline in net premium income and a 17% increase in standalone net profit. Here&#8217;s a breakdown of the key figures:<\/p>\n<ul>\n<li><strong>Net Premium Income<\/strong>: LIC&#8217;s net premium income for Q3 FY2024 stood at <strong>Rs 1,06,891 crore<\/strong>, marking a decline of <strong>9%<\/strong> from <strong>Rs 1,17,017 crore<\/strong> in Q3 FY2023.<\/li>\n<li><strong>Standalone Net Profit<\/strong>: Despite a decrease in premium income, LIC&#8217;s standalone net profit surged by <strong>17%<\/strong>, reaching <strong>Rs 11,056 crore<\/strong>, up from <strong>Rs 9,444 crore<\/strong> in the same period last year.<\/li>\n<li><strong>Total Income<\/strong>: The total income for the insurer decreased to <strong>Rs 2,01,994 crore<\/strong> for the quarter, compared to <strong>Rs 2,12,447 crore<\/strong> in Q3 FY2023.<\/li>\n<\/ul>\n<h3>Key Highlights:<\/h3>\n<ol>\n<li><strong>Solvency Ratio<\/strong>: LIC\u2019s solvency ratio, a crucial indicator of the company&#8217;s ability to meet long-term financial obligations, increased to <strong>2.02<\/strong> from <strong>1.93<\/strong> a year ago, reflecting its strong financial position.<\/li>\n<li><strong>Assets Under Management (AUM)<\/strong>: LIC&#8217;s AUM grew by <strong>10.3% YoY<\/strong>, reaching <strong>Rs 54 lakh crore<\/strong> as of December 31, 2024, showcasing robust growth in assets.<\/li>\n<li><strong>Employee Compensation<\/strong>: LIC reported a <strong>30% reduction<\/strong> in employee compensation and welfare expenses compared to the same quarter last year.<\/li>\n<li><strong>Impact of Regulations<\/strong>: The company faced challenges in policy sales during the quarter due to the implementation of new regulations.<\/li>\n<\/ol>\n<p>While LIC&#8217;s financial performance in terms of profit growth is commendable, the drop in net premium income reflects a challenging environment. Furthermore, the insurer&#8217;s solvency ratio improvement and asset growth underscore its stability in the face of regulatory pressures and market conditions.<\/p>\n<h3>Stock Performance:<\/h3>\n<ul>\n<li>LIC&#8217;s <strong>share price<\/strong> closed <strong>2.15% lower<\/strong>, settling at <strong>Rs 811 per share<\/strong> on the NSE on Friday, amid a mixed sentiment in the market due to the decline in net premium income.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Life Insurance Corporation of India (LIC) has reported its Q3 results for FY2024, highlighting a 9% decline in net premium income and a 17% increase in standalone net profit. Here&#8217;s a breakdown of the key figures: Net Premium Income: LIC&#8217;s net premium income for Q3 FY2024 stood at Rs 1,06,891 crore, marking a decline of [&hellip;]<\/p>\n","protected":false},"author":1,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[41],"class_list":{"0":"post-3897","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":41,"user_id":1,"is_guest":0,"slug":"niftynews","display_name":"NiftyTrader","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/01\/Logo-1.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/01\/Logo-1.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/3897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=3897"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/3897\/revisions"}],"predecessor-version":[{"id":3899,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/3897\/revisions\/3899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/3898"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=3897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=3897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=3897"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=3897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}