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 ₹ 5,59,857 Cr.
- Current Price ₹ 885
- High / Low ₹ 1,191 / 715
- Stock P/E 11.6
- Book Value ₹ 201
- Dividend Yield 1.34 %
- ROCE 53.5 %
- ROE 46.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 77.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 63.2%
Cons
- The company has delivered a poor sales growth of 7.22% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
571,508 | 628,043 | 690,914 | 723,606 | 784,628 | 845,966 | 889,970 | |
565,587 | 634,989 | 691,166 | 720,280 | 750,420 | 813,188 | 837,270 | |
Operating Profit | 5,920 | -6,947 | -252 | 3,326 | 34,207 | 32,779 | 52,700 |
OPM % | 1% | -1% | -0% | 0% | 4% | 4% | 6% |
2,615 | 20,870 | 12,820 | 9,248 | 7,800 | 14,829 | 3,567 | |
Interest | 0 | 0 | 0 | 0 | 77 | 128 | 0 |
Depreciation | 336 | 379 | 417 | 436 | 466 | 466 | 0 |
Profit before tax | 8,199 | 13,544 | 12,151 | 12,138 | 41,463 | 47,014 | 56,267 |
Tax % | 68% | 80% | 76% | 66% | 13% | 13% | 14% |
2,627 | 2,710 | 2,974 | 4,125 | 35,997 | 40,916 | 48,320 | |
EPS in Rs | 6.52 | 56.91 | 64.69 | 76.40 | |||
Dividend Payout % | 2% | 2% | 0% | 23% | 5% | 15% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 7% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 78% |
3 Years: | 127% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 9% |
1 Year: | -24% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 63% |
3 Years: | 63% |
Last Year: | 46% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 100 | 100 | 100 | 6,325 | 6,325 | 6,325 | 6,325 |
Reserves | 710 | 902 | 6,784 | 5,013 | 39,908 | 76,422 | 120,901 |
269,401 | 253,414 | 4 | 1 | 0 | 0 | 1 | |
3,157,039 | 3,245,419 | 3,822,637 | 4,242,719 | 4,532,258 | 5,233,300 | 5,533,341 | |
Total Liabilities | 3,427,249 | 3,499,834 | 3,829,524 | 4,254,059 | 4,578,491 | 5,316,047 | 5,660,568 |
25,194 | 28,216 | 17,723 | 17,770 | 20,473 | 20,667 | 4,483 | |
CWIP | 710 | 734 | 148 | 199 | 331 | 403 | 0 |
Investments | 2,900,287 | 2,976,100 | 3,517,445 | 3,926,212 | 4,243,008 | 4,976,133 | 5,315,603 |
501,059 | 494,784 | 294,208 | 309,878 | 314,678 | 318,844 | 340,483 | |
Total Assets | 3,427,249 | 3,499,834 | 3,829,524 | 4,254,059 | 4,578,491 | 5,316,047 | 5,660,568 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
13,274 | 54,367 | 80,602 | -3,783 | 54,519 | 26,122 | -9,145 | |
9,636 | -40,415 | 148,447 | 12,531 | -52,848 | -25,269 | 40,423 | |
-13,700 | -18,664 | -256,125 | 0 | -949 | -4,427 | -3,794 | |
Net Cash Flow | 9,210 | -4,712 | -27,077 | 8,748 | 722 | -3,574 | 27,484 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | 78 | 63 | 35 | 42 | 43 | 39 | 38 |
ROCE % | 5% | 9% | 132% | 144% | 73% | 53% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17h - Copy of Newspapers Publication having information to Members regarding Notice and e-voting facility for the ensuing 4th AGM.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18h - The representatives of the Life Insurance Corporation of India will host earning call with analysts/investors on Thursday, August 07, 2025 at 07:00 p.m. (IST) to …
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Announcement under Regulation 30 (LODR)-Cessation
18h - Senior manager Shri Venkataramanan Gopal retires from LIC on July 31, 2025.
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Announcement Under Regulation 30 Of SEBI (LODR) - E-Mail Communication To Members
1d - LICI announces 4th AGM on Aug 26, 2025, with remote e-voting from Aug 23-25, 2025.
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Letter To Members Of The Corporation
1d - LIC announces 4th AGM on Aug 26, 2025; provides e-voting and dividend details, annual report access links.
Annual reports
Concalls
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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]