- LIC’s net income for the first quarter reached 109.9 billion rupees, marking a 5.1% increase compared to the previous year.
- The net income met analysts’ expectations, which were at 110.42 billion rupees.
- Net premium income totaled 1.19 trillion rupees, up 4.4% year-over-year, but slightly below the estimated 1.24 trillion rupees.
- Net investment income saw a robust growth of 7.1%, reaching 1.03 trillion rupees.
- The company’s gross non-performing assets decreased to 1.42%, from 1.46% in the previous quarter.
- LIC’s solvency ratio improved significantly to 217%, compared to 199% the previous year, reflecting a stronger financial standing.
- Other income decreased by 10% year-over-year, amounting to 1.3 billion rupees.
- Analyst recommendations include 17 buys, 4 holds, and 1 sell, indicating a generally positive outlook.
A look at Life Insurance of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Life Insurance Corporation of India, a prominent player in the insurance industry, shows a strong overall outlook based on the Smartkarma Smart Scores. With top scores in Value and Dividend factors, the company is deemed financially attractive and committed to rewarding its investors. Moreover, scoring high in Growth and Momentum, Life Insurance of India indicates potential for future expansion and market traction. However, its slightly lower score in Resilience suggests a need to enhance its ability to withstand economic uncertainties. Overall, Life Insurance of India displays promising long-term prospects in the ever-evolving landscape of the insurance sector.
Life Insurance Corporation of India operates as a multifaceted insurance company, offering a wide array of life, pension, health, and micro insurance products and services primarily catering to the Indian market. With strong scores in important factors such as Value and Dividend, the company showcases financial stability and a commitment to shareholder returns. Its focus on Growth and Momentum hints at a strategy geared towards capitalizing on emerging opportunities and boosting its market presence. Although there is room for improvement in Resilience, Life Insurance of India presents a compelling proposition for investors eyeing the long-term potential of the insurance industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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