Life Insurance Corporation of India (LIC) has announced its quarterly results. The company has informed that the company's profit has come down to Rs 7621 crore in the quarter ended September 2024, which was Rs 7925 crore in the same quarter a year ago. The company's premium income has increased by 11 per cent to Rs 1.20 lakh crore in the September quarter, which was Rs 1.07 lakh crore in the same quarter a year ago.

Income from investments grew 16 per cent to Rs 1.08 lakh crore in the September quarter as against Rs 93,942 crore in the same quarter last year. First year premium income during the second quarter grew 12 per cent to Rs 11,201 crore as compared to Rs 9,988 crore in the same quarter last year.

91.70 lakh policies sold Individual new business premium income for the six-month period ending September 2024 was Rs 29,538 crore, up 17 per cent from Rs 25,184 crore in the same period last year. Individual renewal premium income for the first half grew 5 per cent to Rs 1.15 lakh crore. The company said a total of 91.70 lakh policies were sold in the individual segment during the first half. The total premium in H1FY25 on Annualized Premium Equivalent (APE) basis was Rs 28,025 crore. Of this, about 65% (Rs 18,163 crore) came from individual business and 35% (Rs 9,862 crore) from group business. Share performance LIC's share closed at Rs 915.55 on Friday, down 1.52 per cent. In the last one year, the company's stock has seen a rise of 49.27 per cent. The 52-week high of the stock is Rs 1,222.