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 ₹ 5,55,113 Cr.
- Current Price ₹ 878
- High / Low ₹ 1,049 / 715
- Stock P/E 11.4
- Book Value ₹ 200
- Dividend Yield 1.37 %
- ROCE 53.4 %
- ROE 46.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 77.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 63.7%
Cons
- The company has delivered a poor sales growth of 7.56% over past five years.
- Tax rate seems low
* 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
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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 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
492,068 | 522,848 | 559,986 | 615,920 | 681,605 | 720,515 | 781,543 | 842,708 | 886,763 | 899,551 | |
483,728 | 513,419 | 550,030 | 608,641 | 670,921 | 708,925 | 747,039 | 810,293 | 833,640 | 846,240 | |
Operating Profit | 8,339 | 9,429 | 9,957 | 7,280 | 10,684 | 11,590 | 34,504 | 32,416 | 53,123 | 53,311 |
OPM % | 2% | 2% | 2% | 1% | 2% | 2% | 4% | 4% | 6% | 6% |
607 | 801 | 841 | 2,698 | 623 | 789 | 7,661 | 14,661 | 3,305 | 3,153 | |
Interest | 47 | 46 | 39 | 58 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 326 | 302 | 333 | 375 | 413 | 433 | 465 | 465 | 504 | 0 |
Profit before tax | 8,573 | 9,882 | 10,425 | 9,545 | 10,895 | 11,945 | 41,700 | 46,612 | 55,924 | 56,463 |
Tax % | 74% | 75% | 74% | 72% | 73% | 66% | 13% | 13% | 14% | |
2,232 | 2,446 | 2,688 | 2,713 | 2,901 | 4,043 | 36,397 | 40,676 | 48,151 | 48,677 | |
EPS in Rs | 6.39 | 57.55 | 64.31 | 76.13 | 76.96 | |||||
Dividend Payout % | 0% | 0% | 2% | 2% | 0% | 23% | 5% | 16% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 7% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 78% |
3 Years: | 128% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 10% |
1 Year: | -13% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 63% |
3 Years: | 64% |
Last Year: | 46% |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
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 | 119,863 |
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 | 5,497,657 | |
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 | 5,623,844 |
2,403 | 2,574 | 2,643 | 17,138 | 17,693 | 17,744 | 20,446 | 20,635 | 21,291 | |
CWIP | 182 | 175 | 241 | 246 | 148 | 198 | 331 | 402 | 326 |
Investments | 2,335,631 | 2,604,269 | 2,829,867 | 2,906,128 | 3,506,930 | 3,911,654 | 4,227,894 | 4,958,534 | 5,271,461 |
233,729 | 237,972 | 279,059 | 279,988 | 286,984 | 300,993 | 301,842 | 305,962 | 330,766 | |
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 | 5,623,844 |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
70,555 | 67,931 | 19,849 | 74,769 | 55,723 | -3,135 | 59,718 | 28,911 | -6,180 | |
-78,249 | -75,610 | 1,895 | -85,722 | -54,013 | 10,377 | -57,899 | -28,217 | 37,586 | |
-2,497 | -2,370 | -2,252 | -2,608 | 0 | 0 | -949 | -4,427 | -3,794 | |
Net Cash Flow | -10,191 | -10,049 | 19,492 | -13,562 | 1,710 | 7,241 | 870 | -3,734 | 27,612 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | |||||||||
Days Payable | |||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | 41 | 41 | 50 | 38 | 35 | 42 | 41 | 38 | 38 |
ROCE % | 1,580% | 1,574% | 1,354% | 307% | 142% | 148% | 73% | 53% |
Documents
Announcements
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Announcement Under Regulation 30 Of SEBI (LODR) - Initmation Of Particiation In Investor Conference
13h - LIC to attend Jefferies 4th India Forum on Sept 16, 2025; presentation available on website.
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Announcement Under Regulation 30 Of SEBI (LODR)- Impact Of Reform In Goods And Service Tax
5 Sep - LIC welcomes Sept 5, 2025 GST exemption on individual life premiums; estimates <0.5% Embedded Value impact.
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Update On Analyst/Institutional Investor Meet/Conference
1 Sep - LIC attended Motilal Oswal Global Investor Conference on Sep 01, 2025; no unpublished price-sensitive information.
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Announcement Under Regulation 30 Of SEBI (LODR) - Superannuation Of Senior Management Personnel
1 Sep - Shri Arya Lahiri, Director (Zonal Training Centre, Eastern Zone, Kolkata), superannuated on August 31, 2025; disclosed Sept 1, 2025.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
29 Aug - All 13 resolutions passed; final dividend Rs 12/share; MDs and nominee director appointed; audited FY2024-25 approved.
Annual reports
Concalls
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Aug 2025Transcript PPT REC
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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]