After disappointing results in Q1FY24, valuation support for LIC stock

In operational terms, annualised premium equivalent (APE) declined and value of new business (VNB) margin was flat

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Total individual premium increased 4.6 per cent Y-o-Y to Rs 62,800 crore, while total group premium was down 7.2 per cent Y-o-Y.

Devangshu Datta

4 min read Last Updated : Aug 15 2023 | 9:47 PM IST

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Life Insurance Corporation of India (LIC) declared disappointing results in Q1FY24. While it reported a net profit of Rs 9,540 crore in Q1FY24, this was attributable to the transfer of Rs 7,490 crore from non-participating (non-par) products to shareholders’ accounts due to the accretion on available solvency margin.

In operational terms, annualised premium equivalent (APE) declined and value of new business (VNB) margin was flat. But the medium-term prospects may be better. The policy mix seems to be improving with a higher share of non-par products, and higher persistency.

Net premium was flat year-on-year (Y-o-Y) at Rs 98,300 crore in

Topics : LIC stock market trading

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