Life Insurance

LICI02 May 2024

Insurance

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+20.90 (+2.14%)

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Life Insurance

Insurance

LICI02 May 2024

₹

+20.90 (+2.14%)

OverviewFundamentals

Corporate action

Peer comparison

Income Sheet

Balance sheet

Cash flow

Share holding

About Us

Corporate Action

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

All

Dividends

Bonus

Splits

Others

Ex-Date	Type	Description	Record Date
08-Feb-2024	D	This is to inform you that Board of Directors of Life Insurance Corporation of India (Corporation) have considered and approved the Standalone and Consolidated Unaudited Financial Results of the Corporation for the quarter and nine month ended December 31, 2023 and Declared an Interim Dividend for FY 2023-24 of Rs. 4 per share.	21-Feb-2024
25-May-2023	D	Outcome of Board Meeting held on 24th May 2023, Regulation 30 of Securities and Exchange Board of India Listing Obligations and Disclosure Requirements) Regulations, The Board of Directors of the Corporation has recommended final dividend of Rs 3 per equity share with face value of Rs.10 each for the year ended March 31, 2023, which is subject to declaration by Shareholders in AGM.	21-Jul-2023
30-May-2022	D	Life Insurance Corporation of India has informed BSE that the Board of Directors of the Corporation at its meeting held on May 30, 2022, inter alia, has recommended dividend of Rs. 1.50 per equity share with face value of Rs. 10 each for the year ended March 31, 2022, which is subject to approval of Shareholders in AGM. Life Insurance Corporation Of India has informed the Exchange about Board Meeting held on 04-Jul-2022 to consider Other business matters Record date for Dividend payment will be 26th August, 2022 (NSE Announcement Dated on 04.07.2022)	25-Aug-2022
25-Apr-2024	BC	Board of Directors of the Corporation in its meeting held on 25th April 2024, has inter alia, considered and approved Infusion of equity capital of LKR 500 Million (approximately INR 14 crores, based	25-Apr-2024
22-Apr-2024	BC	Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform about the change in Senior Management Personnel consequent upon his/her elevation in higher cadre.	22-Apr-2024
18-Apr-2024	BC	Reason Of Change Appointment Name Mr. R Chander DIN - Designation Executive Director (Strategic Business Unit - International Operations) Effective Date 18 Apr 2024	18-Apr-2024
16-Apr-2024	BC	LIFE INSURANCE CORPORATION OF INDIA has informed BSE about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent. Details are as under: Details Rea	16-Apr-2024
15-Apr-2024	BC	Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform about the Changes in Senior Management Personnel of the Life Insurance Corporation of India due to elevation to higher ca	15-Apr-2024

No Rights has been declared by LICI

Book Closure

Record Date	Split Date	Purpose
25-Apr-2024	-	Board of Directors of the Corporation in its meeting held on 25th April 2024, has inter alia, considered and approved Infusion of equity capital of LKR 500 Million (approximately INR 14 crores, based
22-Apr-2024	-	Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform about the change in Senior Management Personnel consequent upon his/her elevation in higher cadre.
18-Apr-2024	-	Reason Of Change Appointment Name Mr. R Chander DIN - Designation Executive Director (Strategic Business Unit - International Operations) Effective Date 18 Apr 2024
16-Apr-2024	-	LIFE INSURANCE CORPORATION OF INDIA has informed BSE about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent. Details are as under: Details Rea
15-Apr-2024	-	Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform about the Changes in Senior Management Personnel of the Life Insurance Corporation of India due to elevation to higher ca

Peer Comparison

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Scrip Name	Price	Daily Change	M.Cap (Cr)	1 Year Returns %	P/E (TTM)	PB Ratio
Life Insurance Corporation of India ₹999.15(+20.90/2.14%)	999.15	+20.90	631,962.15	81.65	15.66	10.33
General Insurance Corporation of India ₹341.25(-4.65/-1.34%)	341.25	-4.65	59,868.90	118.68	9.33	1.34
ICICI Prudential Life Insurance Company Ltd ₹576.55(+3.65/0.64%)	576.55	+3.65	83,069.99	31.17	93.60	7.57
SBI Life Insurance Company Ltd ₹1,460.90(+24.35/1.70%)	1,460.90	+24.35	146,304.09	26.94	77.25	9.81
HDFC Life Insurance Company Ltd ₹576.35(-7.30/-1.25%)	576.35	-7.30	123,969.66	5.85	79.07	8.46
Medi Assist Healthcare Services Ltd ₹506.80(-3.00/-0.59%)	506.80	-3.00	3,558.20	0.00	122.68	22.61

Income Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22
Gross Sales	117016.93	107396.77	98362.75	131761.11	111787.60	132104.14
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	117016.93	107396.77	98362.75	131761.11	111787.60	132104.14
Other Operating Income	96327.85	94823.90	90937.31	68417.72	85170.37	84251.04
Other Income	163.21	248.39	77.02	577.64	234.06	90114.20
Total Income	213507.99	202469.05	189377.09	200756.46	197192.03	306469.38
Total Expenditure	202680.79	193379.10	178434.51	186381.35	193351.40	285093.79
PBIDT	10827.19	9089.95	10942.57	14375.11	3840.63	21375.59
Interest	0.00	0.00	0.00	0.00	0.00	0.00
PBDT	10827.19	9089.95	10942.57	14375.11	3840.63	21375.59
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00
Tax	1382.78	1164.93	1398.86	947.30	-2493.57	5423.10
Deferred Tax	0.00	0.00	0.00	0.00	0.00	0.00
Reported Profit After Tax	9444.42	7925.02	9543.71	13427.81	6334.20	15952.49
Extra-ordinary Items	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	9444.42	7925.02	9543.71	13427.81	6334.20	15952.49

EPS (Unit Curr.)	14.93	12.53	15.09	21.23	10.01	25.22
EPS (Adj) (Unit Curr.)	14.93	12.53	15.09	21.23	10.01	25.22
Calculated EPS (Unit Curr.)	14.93	12.53	15.09	21.23	10.01	25.22
Calculated EPS (Adj) (Unit Curr.)	14.93	12.53	15.09	21.23	10.01	25.22
Calculated EPS (Ann.) (Unit Curr.)	59.73	50.12	60.36	84.92	40.06	100.89
Calculated EPS (Adj) (Ann.) (Unit Curr.)	59.73	50.12	60.36	84.92	40.06	100.89
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00	0.00	0.00	0.00
Equity	6325.00	6325.00	6325.00	6325.00	6325.00	6325.00
Reserve & Surplus	64507.44	55062.97	49035.49	39492.05	26064.16	19729.52
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Public Shareholding (No. Of Shares)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (% in Equity)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	9.25	8.46	11.12	10.91	3.44	16.18
PBDTM(%)	9.25	8.46	11.12	10.91	3.44	16.18
PATM(%)	8.07	7.38	9.70	10.19	5.67	12.08

Column	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22
Gross Sales	117431.94	107876.80	98755.22	132223.21	112296.70	132631.72
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	117431.94	107876.80	98755.22	132223.21	112296.70	132631.72
Other Operating Income	96621.88	95156.08	91407.84	68798.89	85417.69	84460.74
Other Income	206.32	288.37	117.19	575.85	270.50	6045.55
Total Income	214260.14	203321.26	190280.24	201597.96	197984.89	223138.01
Total Expenditure	204814.94	194558.21	180169.02	189446.98	194094.00	202365.55
PBIDT	9445.20	8763.05	10111.22	12150.97	3890.89	20772.46
Interest	0.00	0.00	0.00	0.00	0.00	0.00
PBDT	9445.20	8763.05	10111.22	12150.97	3890.89	20772.46
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00
Minority Interest Before NP	0.00	0.00	0.00	0.00	0.00	0.00
Tax	1423.72	1181.30	1461.40	990.83	-2457.83	5452.24
Deferred Tax	0.00	0.00	0.00	0.00	0.00	0.00
Reported Profit After Tax	8021.48	7581.75	8649.83	11160.14	6348.71	15320.22
Minority Interest After NP	-35.06	2.17	-0.68	-1.37	-5.12	3.71
Net Profit after Minority Interest	9468.99	8030.28	9634.98	13190.79	7310.77	15854.35

Extra-ordinary Items	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	9468.99	8030.28	9634.98	13190.79	7310.77	15854.35

EPS (Unit Curr.)	14.97	12.70	15.23	20.86	10.04	25.07
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00	0.00	0.00	0.00
Equity	6325.00	6325.00	6325.00	6325.00	6325.00	6325.00

Public Shareholding (Number)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (%)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	8.04	8.12	10.24	9.19	3.46	15.66
PBDTM(%)	8.04	8.12	10.24	9.19	3.46	15.66
PATM(%)	6.83	7.03	8.76	8.44	5.65	11.55

Balance Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18
SOURCES OF FUNDS :
Share Capital	6325.00	6325.00	100.00	100.00	100.00	100.00
Reserves Total	39344.40	4084.14	6260.69	639.53	578.68	550.37
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	0.00	0.00
Total Shareholders Funds	45669.40	10409.14	6360.69	739.53	678.68	650.37
Secured Loans	0.00	0.00	0.00	0.00	0.00	0.00
Unsecured Loans	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	45669.40	10409.14	6360.69	739.53	678.68	650.37
APPLICATION OF FUNDS :
Gross Block	24602.10	21624.17	21215.16	20310.59	5489.23	5181.05
Less : Accumulated Depreciation	4156.26	3880.32	3521.83	3172.53	2846.72	2606.95
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	20445.84	17743.85	17693.33	17138.06	2642.51	2574.10
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	331.06	198.49	148.06	246.35	241.49	174.76
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	4227893.54	3911653.96	3506929.92	2906127.72	2829867.45	2604268.95
Current Assets, Loans & Advances	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	0.00	0.00	0.00	0.00	0.00	0.00
Sundry Debtors	0.00	0.00	0.00	0.00	0.00	0.00
Cash and Bank	38353.46	37432.14	30293.25	28581.23	42178.13	22680.53
Loans and Advances	147925.87	153685.70	148907.78	143583.99	132558.48	112541.34
Total Current Assets	186279.33	191117.84	179201.03	172165.22	174736.60	135221.87
Less : Current Liabilities and Provisions	0.00	0.00	0.00	0.00	0.00	0.00
Current Liabilities	44437.71	56301.54	67910.18	62126.73	38594.30	36178.80
Provisions	14943.06	14943.06	14943.06	17640.80	17603.65	17195.48
Total Current Liabilities	59380.76	71244.60	82853.23	79767.53	56197.95	53374.28
Net Current Assets	126898.57	119873.24	96347.80	92397.68	118538.65	81847.60
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liability	0.00	0.00	0.00	0.00	0.00	0.00
Net Deferred Tax	0.00	0.00	0.00	0.00	0.00	0.00
Total Assets	4375569.02	4049469.54	3621119.11	3015909.81	2951290.10	2688865.41
Contingent Liabilities	0.00	0.00	0.00	23107.30	19556.77	23397.44

Cash Flow

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

PARTICULARS	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash and Cash Equivalents at Beginning of the year	37574.99	30333.96	28623.71	42185.30	22693.56
Net Cash from Operating Activities	59718.01	-3135.49	55723.07	74768.69	19848.96
Net Cash Used In Investing Activities	-57899.30	10376.52	-54012.82	-85722.03	1895.20
Net Cash Used In Financing Activities	-948.59	0.00	0.00	-2608.25	-2252.42
Net Inc./Dec In Cash And Cash Equivalents	870.11	7241.03	1710.25	-13561.59	19491.74
Cash And Cash Equivalents At End Of The Year	38445.11	37574.99	30333.96	28623.71	42185.30

Share Holding

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Promoter Shareholding

96.50%

FII Shareholding

0.14%

DII Shareholding

0.86%

Public Shareholding

2.49%

**Promoter pledged shareholding 96.50%

About Life Insurance Corporation of India

Life Insurance Corporation of India is in the Insurance sector, having a market capitalization of Rs. 631772.4 crores. It has reported a sales of Rs. 117016.93 crores and a net profit of Rs. 9444.42 crores for the quarter ended December 2018. The company management includes Siddhartha Mohanty, Siddhartha Mohanty,Ranjan Sharma,Vinod Kumar Verma,Anil Kumar,Anjuly Chib Duggal,G.Mahalingam,Raj Kamal,V S Parthasarathy,M P Vijay Kumar,Sanjeev Nautiyal,Maruthi Prasad Tangirala,Sat Pal Bhanoo,MINI IPE,Jagannath Mukkavilli,Tablesh Pandey,Pawan Agrawal (Life Insurance Corporation of India) among others.

Chairman

Siddhartha Mohanty

Registered office

Yogakshema,Jeevan Bima Road Nariman Point,Mumbai,Maharashtra,400021

FAX :

Background

Incorporation Year1956

Face Value₹10

Market Lot1

How to buy Life Insurance shares on nse?

To buy Life Insurance shares in Motilal Oswal, you just need to open a demat account and get your KYC documents verified

What is the Life Insurance share price today?

The Life Insurance shares price on nse is Rs.999.15 today.

What is the market cap of Life Insurance shares on NSE ?

The company has a market capitalization of Rs.631962.15Cr

What is the PE & PB ratio of Life Insurance shares ?

PE is 15.66 and PB is 10.33

What is the 52 Week High and Low of Life Insurance shares?

Life Insurance stock price high: Rs.1175 Life Insurance stock price low: Rs.549.1

What will be the future of Life Insurance Corporation shares?

The Life Insurance Corporation of India (LIC) is a government-owned insurance company which is headquartered in Mumbai, India. Founded in 1956, it is the largest Indian insurance company in terms of market share, asset value and customer base.

The future of Life Insurance Corporation shares will largely depend on many factors, including industry trends, market conditions, economic growth, the company’s operations and management, and other elements that may affect the company's financial performance.

Given all this, as on 26th April 2023,the Life Insurance Corporation has given returns of -20.41 % in the past 3 months, and -28.77 % YTD on its stock.

What are the factors that influence the share price of Life Insurance Corporation?

The life insurance sector in India is a highly competitive one. Currently, insurers are aiming for more penetration into the sector, and insurance companies are providing many incentives to draw in customers. Nonetheless, certain factors may influence the share price of the Life Insurance Corporation, and these are mentioned below:

Macroeconomic factors like the GDP, interest rates, government policies and inflation.
Performance of the insurance sector
Performance of the Life Insurance Corporation of India
Regulations
Market sentiment

What is the long-term growth potential of Life Insurance Corporation?

The insurance sector in India is highly competitive. Companies are in stiff competition to reach new targets in terms of securing clientele. This is even harder in India as there is a lack of penetration in the insurance market. The Life Insurance Corporation of India has been a significant player in the sector of insurance in India. It is an established company and has been around since 1956.

In terms of its long-term growth potential, LIC is well placed to capitalise on India's large and evolving population, the rising disposable income of people, and gradually increasing demand for insurance products. The company has an extensive network of agents and branches throughout India and this gives it a competitive edge. It has a robust brand recognition and a reliable reputation as well.

Along with all this, the Indian government's aims to increase insurance penetration through policy initiatives like the Atal Pension Yojana, the Pradhan Mantri Jan Dhan Yojana and the Pradhan Mantri Fasal Bima Yojana may potentially create substantial opportunities for the Life Insurance Corporation in the future.

What is the upcoming dividend for Life Insurance Corporation shares?

The Life Insurance Corporation was listed in May 2022, and after that only one dividend payout was issued in August 2022. There has been no announcement of any upcoming dividend on LIC shares so far.

How often are dividends paid on Life Insurance Corporation shares?

So far, only one dividend payout has been issued in August 2022 for Life Insurance Corporation shares.