LIC The company posted a net profit of Rs 6,334.19 crore for the December 2022 quarter.
Public sector company Life Insurance Corporation of India (LIC) has released its December quarter financial results. LIC The company posted a net profit of Rs 6,334.19 crore for the December 2022 quarter. This is 27 times higher than in the December 2021 quarter. In that quarter, LIC The company had earned a net profit of Rs 234.91 crore.
In the December quarter of 2022, LIC The company earned a net premium income of Rs 1.11 lakh crore. This is 14.5 percent higher than the December 2021 quarter. In that quarter, LIC The company earned a net premium income of Rs 97,620 crore. In the December quarter of 2022, LIC Administrative expenditure rose by 1.6 per cent to Rs 13,799 crore.
At the close of trading on the Mumbai Stock Exchange last Friday, LIC. The stock price rose 1.10 percent to Rs 620.10 from the previous trading day.