Life Insurance Corporation of India (LIC) reported a 3.76% year-on-year (YoY) decline in net profit for the second quarter of FY25, with profits falling to ₹7,728.68 crore from ₹8,030.28 crore in the same quarter last year. This decrease reflects a slight drop in LIC’s profitability on a yearly basis.
However, LIC recorded solid growth in its first-year premium income, which rose by 11.5% YoY to ₹11,244.83 crore, compared to ₹10,032.03 crore in Q2 FY24. This growth in premium income showcases LIC’s strong customer acquisition efforts and its continued market appeal.
The gross premium income for the quarter was ₹1,20,325.66 crore, up from ₹1,07,876.80 crore YoY, while income from investments surged to ₹1,09,337.52 crore, highlighting strong returns from LIC’s investment portfolio.
Overall, while net profit showed a slight decline, LIC’s growth in premium income and investment returns underscores its resilience and continued strength in the insurance sector.
