Life Insurance Corporation of India (LIC) on Tuesday, May 27, 2025, announced a 38% year-on-year rise in net profit to Rs 19,013 crore for the January–March quarter of FY24-25, compared to Rs 13,763 crore in the same period last year.
However, the insurance major saw a 3% decline in net premium income to Rs 1,47,586 crore, down from Rs 1,52,293 crore in Q4 of FY23-24.
LIC’s market share in the insurance industry stood at 57.05% as of May 27, 2025, the company said in its exchange filing. Gross non-performing assets (NPAs) fell to 1.46% from 2.01% a year ago.
The board recommended a final dividend of Rs 12 per share for FY24-25, subject to approval at the upcoming AGM. The record date for dividend entitlement has been fixed for July 25, 2025.
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