Life Insurance Corporation of India

Life Insurance Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Life Insurance Corporation of India

₹ 882 -1.64%
21 Nov - close price
licindia.in BSE: 543526 NSE: LICI
About

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]

Key Points

Largest Insurance Company[1] LIC, owned by \ Government of India, is India's largest life insurance company with a history of over 65 years and a 61.6% market share in terms of premiums, 61.4% in New Business Premium, 71.8% in a number of individual policies issued, 88.8% in a number of group policies issued for 9MFY2022.

LIC is ranked fifth globally[2] by life insurance GWP and 10th globally in terms of total assets. It is the largest asset manager in India with an AUM of Rs 40.1 lakh crore as of Dec 2021, which is 17.0% of India's GDP. Its investments in listed equity represented around 4% of the total market capitalization of NSE and more government bonds than the RBI.

Website BSE NSE
  • Market Cap ₹ 5,57,709 Cr.
  • Current Price ₹ 882
  • High / Low ₹ 1,222 / 608
  • Stock P/E 13.5
  • Book Value ₹ 153
  • Dividend Yield 1.13 %
  • ROCE 73.0 %
  • ROE 63.6 %
  • Face Value ₹ 10.0
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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.16,071 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 Nifty Next 50 BSE 100 LargeCap TMC Index Nifty100 ESG Nifty 200 BSE CPSE

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
180,905 174,270 211,326 168,071 216,355 196,958 200,382 189,300 202,221 213,345 238,092 211,059 230,331
181,696 171,233 209,220 166,922 285,094 193,351 186,584 178,435 193,379 202,681 236,544 199,966 222,354
Operating Profit -791 3,037 2,106 1,149 -68,739 3,607 13,797 10,866 8,842 10,664 1,548 11,093 7,977
OPM % -0% 2% 1% 1% -32% 2% 7% 6% 4% 5% 1% 5% 3%
5,411 392 208 959 90,114 234 578 77 248 163 14,205 957 746
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 4,621 3,429 2,313 2,108 21,376 3,841 14,375 10,943 9,090 10,827 15,753 12,050 8,723
Tax % 69% 93% -3% 68% 25% -65% 7% 13% 13% 13% 13% 13% 13%
1,434 235 2,372 683 15,952 6,334 13,428 9,544 7,925 9,444 13,763 10,461 7,621
EPS in Rs 2.27 0.37 3.75 1.08 25.22 10.01 21.23 15.09 12.53 14.93 21.76 16.54 12.05
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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
492,068 522,848 559,986 615,920 681,605 720,515 781,543 842,708 892,827
483,728 513,419 550,030 608,641 670,921 708,925 746,963 810,166 861,546
Operating Profit 8,339 9,429 9,957 7,280 10,684 11,590 34,580 32,542 31,282
OPM % 2% 2% 2% 1% 2% 2% 4% 4% 4%
607 801 841 2,698 623 789 7,661 14,661 16,071
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 47,353
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 41,289
EPS in Rs 6.39 57.55 64.31 65.28
Dividend Payout % 0% 0% 2% 2% 0% 23% 5% 16%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 7%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 72%
3 Years: 141%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 45%
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 52 38 35 42 41 38
ROCE % 1,580% 1,575% 1,354% 307% 142% 149% 73%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
96.50% 96.50% 96.50% 96.50% 96.50% 96.50% 96.50% 96.50% 96.50% 96.50%
0.12% 0.18% 0.17% 0.08% 0.08% 0.10% 0.06% 0.14% 0.19% 0.16%
1.06% 0.91% 0.91% 0.90% 0.83% 0.84% 1.00% 0.85% 0.94% 1.16%
2.32% 2.42% 2.42% 2.52% 2.58% 2.55% 2.43% 2.49% 2.37% 2.17%
No. of Shareholders 37,89,05336,03,67934,42,34033,78,79932,81,54431,34,54129,36,74027,16,18125,63,69323,98,130

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

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