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Investors react positively to LIC's good showing in second quarter

LIC posted a record rise in the Q2 profit after tax (PAT) to Rs 15,950 crore, up 10x year-on-year (YoY) compared to Rs 1,433.71 crore a year ago

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LIC's rise in premium market share indicates that the giant could become even more dominant

3 min read Last Updated : Nov 14 2022 | 11:04 PM IST

Strong September quarter results for the 2022-23 financial year (Q2FY23) from the giant Life Insurance Corporation of India (LIC) has led to a spurt in the share price, which is still, however, well below the Initial public offering (IPO) price.

LIC posted a record rise in the Q2 profit after tax (PAT) to Rs 15,950 crore, up 10x year-on-year (YoY) compared to Rs 1,433.71 crore a year ago. This PAT surge was driven by the transfer of Rs 14,300 crore from non-par to shareholders’ account.

The net premium grew 27 per cent YoY to Rs 1.321 trillion. Market share calculated

Topics : Life Insurance Corporation LIC Q2 results Insurance companies Life insurers Insurers assets under management financial year Life Insurance Corporation of India LIC initial public offerings

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