Insurance
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Dividend: Stock hasn't been paying any dividend.
Growth & Returns | |
|---|---|
| Price Change 1W | 0.60% |
| Price Change 1M | -1% |
| Price Change 6M | 12.9% |
| Price Change 1Y | -3.1% |
| 3Y Cumulative Return | 13.9% |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 12 |
| Shares Dilution (1Y) | 0.00% |
Updated Nov 1, 2025
The report highlighted the ongoing risks associated with Adani's securities amidst various controversies.
Concerns have been raised regarding the legitimacy of the investment proposals involving LIC and Adani.
The government's intention to channel substantial funds to Adani has been met with skepticism given the financial landscape.
LIC maintains that investment decisions are made independently and based on approved policies.
LIC clarified that it was not directed by the government to invest in Adani's businesses.
Despite its previous investments in Adani, LIC's current exposure is only a minor part of its overall portfolio.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of LIFE INSURANCE Corp OF INDIA's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
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During the earnings conference call for Q1 FY'26 on August 7, 2025, Life Insurance Corporation of India (LIC) management provided strong optimism about the company's performance.
Key outlook highlights include:
Market Share: LIC reported a market share of 63.51% in First Year Premium Income for the quarter, up from 64.02% year-over-year. The segmentation shows individual business at 38.76% and group business at 76.54%.
Premium Income: Total Premium Income reached Rs. 1,19,200 Crore, a 4.77% increase from Rs. 1,13,770 Crore in Q1 FY'25, with Individual New Business Premium at Rs. 12,536 Crore, marking a 5.42% growth YoY.
Profit After Tax (PAT): PAT grew by 5.02%, totaling Rs. 10,986 Crore for the quarter.
Value of New Business (VNB) and Margins: VNB surged by 20.75% to Rs. 1,944 Crore. VNB margin improved by 150 basis points to 15.4%.
Assets Under Management (AUM): AUM increased by 6.47% to Rs. 57,05,341.44 Crore.
Agent Workforce Growth: The total number of agents rose to 14,86,222, up 4.31% YoY.
Expenses: The expense ratio decreased significantly to 10.47%, down from 11.87% YoY, indicating better operational efficiency.
Digital Initiatives: Management is pursuing digital transformation, enhancing customer engagement through technology, and is in advanced stages of launching digital applications.
Health Insurance Entry: Although not yet a direct player, management is evaluating entering the health insurance market, focusing on investment opportunities pending regulatory changes.
The management's focus on optimizing product offerings and enhancing digital capabilities positions LIC to sustain growth and profitability amid a changing industry landscape. They are committed to increasing value for stakeholders and improving overall market valuation.
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Question 1: "In terms of the growth in the individual business, I wanted to understand how this is playing out. What about the margins for ULIP products?"
Answer: "Our individual non-par APE has grown by 32.63%, focusing on high-margin products. The preference has shifted towards non-par guaranteed products, which yield higher margins. While ULIPs are growing, they are on a comparatively lower base, and we are maintaining margins across other segments. Thus, growth in ULIPs enhances VNB numbers without significantly impacting overall margin."
Question 2: "What is your strategy on the agency channel given recent volatility?"
Answer: "We increased our agency count by about 61,000, with a noticeable rise in average ticket sizes by 23%. Despite a slight dip in policy numbers sold, the overall productivity is improving, driven by training existing agents and targeting millennials for recruitment."
Question 3: "Could you clarify the current solvency ratio and your dividend policy?"
Answer: "Our solvency ratio is currently at 218%, up from 200%. We consistently aim to increase dividends sustainably; this year, we've proposed Rs.12, up from Rs.1.5 at listing. Retaining capital for growth while improving dividends is vital for us."
Question 4: "Any guidance on margin profiles for FY '26?"
Answer: "We anticipate that as the non-par business share increases, margins will follow suit. Enhancements in non-par products will likely increase the overall margins for this fiscal year compared to FY '25."
Question 5: "What's your take on the health insurance market?"
Answer: "We're evaluating options for entering the health insurance space, possibly by acquiring a stake in a health insurance company. We're monitoring upcoming regulatory changes before making a decisive foray into this segment."
Understand LIFE INSURANCE Corp OF INDIA ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| President of India | 96.5% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of LIFE INSURANCE Corp OF INDIA against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| BAJAJFINSV | Bajaj Finserv | 3.34 LCr | 1.38 LCr | +4.00% | +19.30% | 34.98 | 2.42 | - | - |
| MFSL | Max Financial Services | 53.37 kCr | 47.52 kCr | -4.60% | +20.50% | 197.76 | 1.12 | - | - |
| HDFCLIFE | HDFC LIFE INSURANCE Co. | - | - | -4.20% | +1.60% | - | - | - | - |
| ICICIPRULI | ICICI Prudential Life Insurance Co. | - | - | -0.90% | -20.20% | - | - | - | - |
| SBILIFE | SBI Life Insurance Co. | - | - | +8.60% | +20.60% | - | - | - | - |
Life Insurance Corporation of India provides life insurance products in India, Fiji, Mauritius, and the United Kingdom. It offers insurance plans, including endowment, whole life, term insurance plans, money back, and term assurance plans, as well as riders comprising accidental death and disability benefit, critical illness benefit, and premium waiver benefit riders. The company also provides pension, unit linked, micro insurance, withdrawal, and health plans, as well as various group schemes. Life Insurance Corporation of India was incorporated in 1956 and is based in Mumbai, India.
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