- LIC’s net income for the fourth quarter reached 190.1 billion rupees, marking a significant 38% increase compared to the previous year.
- The net premium income was recorded at 1.48 trillion rupees, which is a 2.8% decrease year-over-year, and slightly below the estimated 1.52 trillion rupees.
- Net investment income grew by 10% year-over-year, reaching a total of 931.3 billion rupees.
- The company’s gross non-performing assets improved, reducing to 1.46% from 1.64% quarter-over-quarter.
- LIC’s solvency ratio improved to 211%, up from 198% in the previous year.
- Other income witnessed a steep decline, falling 98% year-over-year to 2.22 billion rupees.
- A dividend of 12 rupees per share was announced.
- Analyst ratings include 16 buys, 4 holds, and 1 sell.
A look at Life Insurance of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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 of India shows a promising long-term outlook based on the Smartkarma Smart Scores. With a top score in Value and solid scores in Dividend and Momentum, the company’s financial health and shareholder returns are looking strong. This indicates that Life Insurance of India is well-positioned to provide value to investors and potentially deliver steady dividends.
Although Growth and Resilience scores are slightly lower, they still sit at satisfactory levels, showing that the company has room for development and is resilient enough to navigate challenges. Overall, with its focus on life, pension, health, and micro insurance products and services, Life Insurance of India appears to have a stable foundation in the insurance sector, making it a potentially attractive long-term investment option.
### Life Insurance Corporation of India operates as an insurance company. The Company provides life, pension, health, and micro insurance products and services. Life Insurance serves customers in India. ###
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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