Life Insurance Corporation of India
Life Insurance Corporation (LIC) is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.[1]
- Market Cap ₹ 5,05,620 Cr.
- Current Price ₹ 799
- High / Low ₹ 1,222 / 715
- Stock P/E 11.8
- Book Value ₹ 153
- Dividend Yield 1.25 %
- ROCE 73.0 %
- ROE 63.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 72.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 80.8%
Cons
- The company has delivered a poor sales growth of 8.52% over past five years.
- Tax rate seems low
- Earnings include an other income of Rs.16,675 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Insurance Industry: Finance & Investments
Part of BSE 200 Nifty 100 Equal Weight BSE PSU Nifty 200 Nifty Next 50
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|
492,068 | 522,848 | 559,986 | 615,920 | 681,605 | 720,515 | 781,543 | 842,708 | 882,306 | |
483,728 | 513,419 | 550,030 | 608,641 | 670,921 | 708,925 | 746,963 | 810,166 | 849,703 | |
Operating Profit | 8,339 | 9,429 | 9,957 | 7,280 | 10,684 | 11,590 | 34,580 | 32,542 | 32,603 |
OPM % | 2% | 2% | 2% | 1% | 2% | 2% | 4% | 4% | 4% |
607 | 801 | 841 | 2,698 | 623 | 789 | 7,661 | 14,661 | 16,675 | |
Interest | 47 | 46 | 39 | 58 | 0 | 0 | 76 | 126 | 0 |
Depreciation | 326 | 302 | 333 | 375 | 413 | 433 | 465 | 465 | 0 |
Profit before tax | 8,573 | 9,882 | 10,425 | 9,545 | 10,895 | 11,945 | 41,700 | 46,612 | 49,277 |
Tax % | 74% | 75% | 74% | 72% | 73% | 66% | 13% | 13% | |
2,232 | 2,446 | 2,688 | 2,713 | 2,901 | 4,043 | 36,397 | 40,676 | 42,901 | |
EPS in Rs | 6.39 | 57.55 | 64.31 | 67.83 | |||||
Dividend Payout % | 0% | 0% | 2% | 2% | 0% | 23% | 5% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 7% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 72% |
3 Years: | 141% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -13% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 83% |
3 Years: | 81% |
Last Year: | 64% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 100 | 100 | 100 | 100 | 100 | 6,325 | 6,325 | 6,325 | 6,325 |
Reserves | 506 | 550 | 579 | 640 | 6,261 | 4,084 | 39,344 | 75,613 | 90,301 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
2,571,339 | 2,844,339 | 3,111,132 | 3,202,760 | 3,805,395 | 4,220,181 | 4,504,843 | 5,203,595 | 5,589,425 | |
Total Liabilities | 2,571,946 | 2,844,989 | 3,111,811 | 3,203,500 | 3,811,756 | 4,230,590 | 4,550,512 | 5,285,533 | 5,686,051 |
2,403 | 2,574 | 2,643 | 17,138 | 17,693 | 17,744 | 3,489 | 3,655 | 4,176 | |
CWIP | 182 | 175 | 241 | 246 | 148 | 198 | 331 | 402 | 0 |
Investments | 2,335,631 | 2,604,269 | 2,829,867 | 2,906,128 | 3,506,930 | 3,911,654 | 4,244,851 | 4,975,514 | 5,390,776 |
233,729 | 237,972 | 279,059 | 279,988 | 286,984 | 300,993 | 301,842 | 305,962 | 291,098 | |
Total Assets | 2,571,946 | 2,844,989 | 3,111,811 | 3,203,500 | 3,811,756 | 4,230,590 | 4,550,512 | 5,285,533 | 5,686,051 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
70,555 | 67,931 | 19,849 | 74,769 | 55,723 | -3,135 | 59,718 | 28,484 | |
-78,249 | -75,610 | 1,895 | -85,722 | -54,013 | 10,377 | -57,899 | -27,791 | |
-2,497 | -2,370 | -2,252 | -2,608 | 0 | 0 | -949 | -4,427 | |
Net Cash Flow | -10,191 | -10,049 | 19,492 | -13,562 | 1,710 | 7,241 | 870 | -3,734 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | ||||||||
Days Payable | ||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | 41 | 41 | 50 | 38 | 35 | 42 | 41 | 38 |
ROCE % | 1,580% | 1,574% | 1,354% | 307% | 142% | 149% | 73% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Cessation
1d - Zonal Manager to superannuate on March 31, 2025.
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Closure of Trading Window
24 Mar - Closure of trading window for financial results.
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Announcement Under Regulation 30 Of SEBI (LODR) - Clarification On News In Mainstream Media
18 Mar - LIC in talks to acquire stake in health insurance.
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Announcement under Regulation 30 (LODR)-Change in Management
17 Mar - Appointment of Shri Shatmanyu Shrivastava as Chief Risk Officer.
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Announcement Under Regulation 30 Of SEBI (LODR) - GST Litigation
1 Mar - LIC received GST demand order for Tamil Nadu.
Annual reports
Concalls
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Largest Insurance Company
The company is India’s largest life insurer and the world’s leading insurance brand. LIC is the 4th largest insurer in the world based on life and accident and health reserves, as ranked by S&P Global Market Intelligence. [1] [2] Its market share across categories is:
By Premium: 61.07% in H1 FY25 vs 63.25% in FY22
By Policies: 68.7% in H1 FY25 vs 74.62% in FY22
By Number of Agents: 47.56% in H1 FY25 vs 51.26% in FY22 [3] [4] [5] [6]