Life Insurance Corporation of India

₹ 622 0.34%
30 Sep - close price
About

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]

Key Points

Largest Insurance Company[1] LIC, owned by \ Government of India, is India's largest life insurance company with a history of over 65 years and a 61.6% market share in terms of premiums, 61.4% in New Business Premium, 71.8% in a number of individual policies issued, 88.8% in a number of group policies issued for 9MFY2022.

LIC is ranked fifth globally[2] by life insurance GWP and 10th globally in terms of total assets. It is the largest asset manager in India with an AUM of Rs 40.1 lakh crore as of Dec 2021, which is 17.0% of India's GDP. Its investments in listed equity represented around 4% of the total market capitalization of NSE and more government bonds than the RBI.

  • Market Cap 393,193 Cr.
  • Current Price 622
  • High / Low 920 / 617
  • Stock P/E 95.3
  • Book Value 17.9
  • Dividend Yield 0.24 %
  • ROCE 87.1 %
  • ROE 45.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 70.3%

Cons

  • Stock is trading at 34.7 times its book value

* 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

Sector: Insurance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Mar 2022 Jun 2022
189,975 154,944 212,014 168,799
186,404 153,693 211,853 168,360
Operating Profit 3,571 1,251 161 439
OPM % 2% 1% 0% 0%
132 151 246 992
Interest 0 0 0 0
Depreciation 0 0 0 0
Profit before tax 3,702 1,402 408 1,431
Tax % 28% 115% -8% 103%
Net Profit 2,917 22 2,413 608
EPS in Rs 3.81 0.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
571,508 628,043 693,904 723,606
565,587 634,989 695,292 716,595
Operating Profit 5,920 -6,947 -1,387 7,012
OPM % 1% -1% -0% 1%
2,615 20,870 13,955 930
Interest 0 0 0 0
Depreciation 336 379 417 0
Profit before tax 8,199 13,544 12,151 7,941
Tax % 68% 80% 76% 101%
Net Profit 2,627 2,710 2,974 4,131
EPS in Rs 6.52
Dividend Payout % 2% 2% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 16%
TTM: 39%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 70%
Last Year: 45%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
100 100 100 6,325
Reserves 710 902 6,784 5,013
269,401 253,414 4 1
3,157,039 3,245,419 3,822,637 4,242,719
Total Liabilities 3,427,249 3,499,834 3,829,524 4,254,059
25,194 28,216 17,723 3,571
CWIP 710 734 148 0
Investments 2,900,287 2,976,100 3,517,445 3,940,611
501,059 494,784 294,208 309,878
Total Assets 3,427,249 3,499,834 3,829,524 4,254,059

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
13,274 54,367 80,602 -3,783
9,636 -40,415 148,447 12,099
-13,700 -18,664 -256,125 0
Net Cash Flow 9,210 -4,712 -27,077 8,316

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0
Working Capital Days 78 63 35 42
ROCE % 5% 9% 87%

Shareholding Pattern

Numbers in percentages

Jun 2022
96.50
0.12
1.06
2.32

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