Life Insurance Corporation of India reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported net income was INR 96,622.6 million compared to INR 87,107.9 million a year ago. Basic earnings per share from continuing operations was INR 12.22 compared to INR 12.7 a year ago.
For the six months, net income was INR 221,689.6 million compared to INR 165,257.7 million a year ago. Basic earnings per share from continuing operations was INR 28.89 compared to INR 27.93 a year ago.
Life Insurance Corporation of India is an India-based insurance company. The Company is engaged in the business of life insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked lines of businesses. The portfolio comprises various insurance and investment products such as protection, pension, savings, investment, annuity, health, and variable. Its segments include Participating Life Individual, Participating Pension Individual, Participating Annuity Individual, Non-Participating Life (Individual & Group), Non-Participating Pension (Individual & Group), Non-Participating Annuity Individual, Non-Participating Variable individual, Non-Participating Health individual, Non-Participating Unit Linked and Capital Redemption, and Annuity Certain Business (CRAC). Its endowment plans include Bima Jyoti, Bima Ratna, Dhan Sanchay, Single Premium Endowment Plan, Jeevan Labh, and others.
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Investor
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Global
Global
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