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LIC Net Profit Soars To Rs 15,952 Crore, In September Quarter

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State-owned insurer LIC on Friday reported a multi-fold jump in net profit to Rs 15,952 crore in the September quarter, boosted by profits from its investments. The insurer had a net profit of Rs 1,434 crore in the year-ago period, according to a regulatory filing.

 
LIC Net Profit Soars To Rs 15,952 Crore In September Quarter

Its total premium income rose to Rs 1,32,631.72 crore in the second quarter of the current fiscal from Rs 1,04,913.92 crore in the same period a year ago. LIC's total income increased to Rs 2.22 lakh crore in the latest September quarter compared to Rs 1.87 lakh crore in the year-ago period.

 

(PTI)

Read more about: lic income profit investments
Story first published: Saturday, November 12, 2022, 9:30 [IST]
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