LIC to mull Q4 results on May 30

24 May 2022 , 12:58 PM

On the same day, the board will also consider and approve dividend, if any, for FY22. The scrip advanced 1.42% to Rs 828.45, amid some bit of bargain buying. The stock had declined 6.78% in the past three sessions. Shares of LIC debuted on the bourses on 17 May 2022. The scrip was listed at Rs 867.20, representing an 8.62% discount to the issue price of Rs 949. The stock is currently trading 12.70% lower as compared to its issue price. LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country, with a 61.6% market share in terms of premiums (or GWP), a 61.4% market share in terms of New Business Premium (or NBP), a 71.8% market share in terms of number of individual policies issued, a 88.8% market share in terms of number of group policies issued for the nine months ended 31 December 2021. On a consolidated basis (shareholders account), LIC reported a net profit of Rs 1715.31 crore and net premium earned was Rs 285,341.93 crore in the nine months of the financial year 2021-22. Income from investments for the period under review was Rs 226,253.73 crore. Powered by Capital Market – Live News