LIC Q3 Results: PAT skyrockets 27x to Rs 8,334 crore YoY

LIC reported Q3 Results on February 09, 2023. The company declared PAT skyrockets 27x to Rs 8,334 crore YoY, with net premium income up 14% YoY.

LIC reported Net premium income rose 14.5% YoY to Rs 1.12 lakh crore for Q3FY23. It was Rs 98,052 crore in the quarter last year.

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LIC reported Income from investments jumped 10% in Q3 to Rs 85,128 crores. It was Rs 76,825 crores in Q3FY22.

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LIC reported assets under management (AUM) increased 10.54% YoY to Rs 44.34 lakh crores in Q3FY23. It was Rs 40.12 lakh crores a year ago.

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LIC reported the first-year premium grew to Rs 9,724.71 crore from Rs 8,748.55 crore in the December quarter of the previous financial year.

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LIC reported a total of 1.29 crore policies were sold in the individual segment during the April-December period up 1.92% YoY.

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LIC reported the operating expense ratio for the nine months ending December rose 15.26% as compared to 14.99% for the nine months ending December 2021.

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LIC reported the overall market share by first-year premium income was 65.38% for the nine months that ended December as compared to 61.40% for the corresponding period last year.

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