Mumbai: Life Insurance Corporation of India (LIC) announced a robust 38 percent increase in its net profit for the fourth quarter ended March 2025, reporting Rs 19,013 crore compared to Rs 13,763 crore in the same quarter last year.
Quarterly Performance: Profit Up Despite Decline in Total Income
LIC’s total income for the January-March quarter declined slightly to Rs 2,41,625 crore from Rs 2,50,923 crore in the corresponding period of the previous fiscal year.
The insurer’s income from first-year premiums also moderated to Rs 11,069 crore, down from Rs 13,810 crore a year earlier. However, income from renewal premiums improved to Rs 79,138 crore from Rs 77,368 crore during the same quarter.
Annual Financial Highlights
For the entire financial year ended March 2025, LIC reported an 18 percent rise in net profit at Rs 48,151 crore, up from Rs 40,676 crore in the previous year. Total income for the year grew to Rs 8,84,148 crore from Rs 8,53,707 crore.
Dividend Recommendation
The LIC board has recommended a final dividend of Rs 12 per equity share for the fiscal year ended March 31, 2025. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM).
About LIC
The Life Insurance Corporation of India (LIC) is a statutory corporation established under the LIC Act of 1956. It is India’s largest insurance company and the largest institutional investor. LIC’s primary goal is to provide life insurance and financial security to individuals, with a focus on spreading insurance widely, especially in rural areas.
