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 ₹ 5,20,136 Cr.
- Current Price ₹ 822
- High / Low ₹ 1,222 / 715
- Stock P/E 12.1
- Book Value ₹ 153
- Dividend Yield 1.22 %
- 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 Dollex 200 BSE 500 Nifty 200 Nifty Total Market Nifty 100 Equal Weight
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: | -17% |
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 Of SEBI (LODR) - Appointment Of Senior Management Personnel
12h - Mr. Loganathan Chendurnathan elevated to Additional Executive Director (Inspection) at LIC on April 23, 2025.
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Announcement Under Regulation 30 Of SEBI (LODR) - Appointment Of Senior Management Personnel
2d - Mr. Pradip Kusum Joseph Dungdung appointed Additional Executive Director (Engineering) at LIC on April 21, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
17 Apr - Cessation of Government Nominee Director from LIC board.
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Announcement under Regulation 30 (LODR)-Change in Management
17 Apr - Appointment of Dr. Parshant Kumar Goyal as Government Nominee Director on LIC board.
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Annoncement Under Regulation 30 Of SEBI (LODR) - Appointment Of Senior Management Personnel
17 Apr - Appointment of Mr. Venkatakrishna Ranga Rao Saladi as Additional Director, Zonal Training Centre, Pune.
Annual reports
Concalls
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Feb 2025Transcript PPT
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Aug 2022Transcript PPT
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]