Life Insurance Corporation of India

Life Insurance Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Life Insurance Corporation of India

₹ 973 1.27%
19 Apr - close price
licindia.in BSE: 543526 NSE : LICI
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.

Website BSE NSE
  • Market Cap ₹ 6,15,612 Cr.
  • Current Price ₹ 973
  • High / Low ₹ 1,175 / 543
  • Stock P/E 15.3
  • Book Value ₹ 98.1
  • Dividend Yield 0.41 %
  • ROCE 143 %
  • ROE 125 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 103%

Cons

  • Stock is trading at 9.92 times its book value
  • 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

Sector: Insurance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
189,975 154,944 181,817 174,831 212,098 168,799 217,092 197,714 201,022 190,163 203,033 214,054
186,404 153,693 183,940 172,156 213,222 168,360 202,366 194,094 189,447 180,169 194,558 204,815
Operating Profit 3,570 1,251 -2,123 2,675 -1,124 439 14,727 3,620 11,575 9,994 8,475 9,239
OPM % 2% 1% -1% 2% -1% 0% 7% 2% 6% 5% 4% 4%
132 151 5,451 123 3,503 992 6,046 270 576 117 288 206
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 3,702 1,402 3,328 2,798 2,379 1,431 20,772 3,891 12,151 10,111 8,763 9,445
Tax % 28% 115% 97% 115% -1% 103% 26% -63% 8% 14% 13% 15%
2,917 22 1,479 210 2,409 608 15,858 7,306 13,189 9,634 8,032 9,434
EPS in Rs 2.34 0.33 3.81 0.95 25.07 11.56 20.86 15.23 12.70 14.97
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
571,508 628,043 690,914 723,606 784,628 808,272
565,587 634,989 691,166 720,280 750,619 768,989
Operating Profit 5,920 -6,947 -252 3,326 34,009 39,283
OPM % 1% -1% -0% 0% 4% 5%
2,615 20,870 12,820 9,248 7,920 1,188
Interest 0 0 0 0 0 0
Depreciation 336 379 417 436 466 0
Profit before tax 8,199 13,544 12,151 12,138 41,463 40,470
Tax % 68% 80% 76% 66% 13%
2,627 2,710 2,974 4,125 35,997 40,290
EPS in Rs 6.52 56.91 63.76
Dividend Payout % 2% 2% 0% 23% 5%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 137%
TTM: 54%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 78%
Return on Equity
10 Years: %
5 Years: %
3 Years: 103%
Last Year: 125%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 100 100 100 6,325 6,325 6,325
Reserves 710 902 6,784 5,013 39,908 55,728
269,401 253,414 4 1 0 8
3,157,039 3,245,419 3,822,637 4,242,719 4,532,258 4,862,435
Total Liabilities 3,427,249 3,499,834 3,829,524 4,254,059 4,578,491 4,924,496
25,194 28,216 17,723 17,770 20,473 3,901
CWIP 710 734 148 199 331 0
Investments 2,900,287 2,976,100 3,517,445 3,926,212 4,243,008 4,606,272
501,059 494,784 294,208 309,878 314,678 314,323
Total Assets 3,427,249 3,499,834 3,829,524 4,254,059 4,578,491 4,924,496

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
13,274 54,367 80,602 -3,783 54,519
9,636 -40,415 148,447 12,531 -52,848
-13,700 -18,664 -256,125 0 -949
Net Cash Flow 9,210 -4,712 -27,077 8,748 722

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0
Working Capital Days 78 63 35 42 43
ROCE % 5% 9% 132% 143%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
96.50% 96.50% 96.50% 96.50% 96.50% 96.50% 96.50% 96.50%
0.12% 0.18% 0.17% 0.08% 0.08% 0.10% 0.06% 0.14%
1.06% 0.91% 0.91% 0.90% 0.83% 0.84% 1.00% 0.85%
2.32% 2.42% 2.42% 2.52% 2.58% 2.55% 2.43% 2.49%
No. of Shareholders 37,89,05336,03,67934,42,34033,78,79932,81,54431,34,54129,36,74027,16,181

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls