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Life Insurance Corporation of India

₹ 850-0.06%
07 Jan 9:21 a.m. – close price
🔗licindia.in•BSE: 543526•NSE: LICI
Market Cap₹ 5,37,309 Cr.
Current Price₹ 850
High / Low₹ 980
Stock P/E10.5
Book Value₹ 223
Dividend Yield1.41 %
ROCE53.4 %
ROE46.0 %
Face Value₹ 10.0
Sales₹ 9,09,910 Cr.
OPM6.14 %
Mar Cap₹ 5,37,309 Cr.

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 CompanyThe company isIndia’s largest life insurerand world’s 3rd strongest Insurance brand as per Brand Finance Global 500 2025 report.[1]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Life Insurance849.5010.51537308.571.4110053.3931.92240689.804.5053.38909909.916.1451109.1610053.393.830.880.00
2.SBI Life Insuran2087.0085.32209290.590.13494.59-6.5823115.32-42.6416.88104044.751.282453.29494.5911.440.560.00
3.HDFC Life Insur.773.0588.05166734.990.27448.293.0120650.68-27.536.5891604.781.721893.31448.299.810.510.14
4.ICICI Pru Life690.6576.5199988.320.12295.8317.8711935.93-52.5611.9457561.031.481307.01295.837.850.390.20
5.Max Financial1740.30367.7660060.320.005.87-96.339791.59-26.778.1343911.670.57163.314.1511.350.230.34
6.Canara HSBC150.05118.1214254.750.0040.8110.692347.94-29.358.7310709.571.22116.7540.81–0.290.00
–Median: 6 Co.811.2786.69133361.650.12372.066.8516293.31-28.4410.3474582.91.381600.16372.069.810.450.07

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
196,958213,345202,823189,300211,129223,917200,382238,092242,479216,355202,221230,331240,690
Expenses
193,351202,681190,839178,435200,036212,060186,584236,544220,987285,094193,379222,354230,144
Operating Profit
3,60710,66411,98510,86611,09311,85713,7971,54821,492-68,7398,8427,97710,546
Other Income
2341637667795773357814,20590790,114248746987
Profit before tax
3,84110,82712,75110,94312,05012,59014,37515,75322,39921,3769,0908,72311,534
Tax %
-65%13%13%13%13%13%7%13%15%25%13%13%13%
Net Profit
6,3349,44411,0569,54410,46110,98713,42813,76319,01315,9527,9257,62110,053
EPS in Rs
10.0114.9317.4815.0916.5417.3721.2321.7630.0625.2212.5312.0515.89

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
492,068522,848559,986615,920681,605720,515781,543842,708886,763909,910
Expenses
483,728513,419550,030608,641670,921708,925747,039810,293833,640854,030
Operating Profit
8,3399,4299,9577,28010,68411,59034,50432,41653,12355,880
Other Income
6078018412,6986237897,66114,6613,3053,394
Interest
47463958000000
Depreciation
3263023333754134334654655040
Profit before tax
8,5739,88210,4259,54510,89511,94541,70046,61255,92459,274
Net Profit
2,2322,4462,6882,7132,9014,04336,39740,67648,15151,109
EPS in Rs
–––––6.3957.5564.3176.1380.80
Dividend Payout %
0%0%2%2%0%23%5%16%16%–

Compounded Profit Growth

10 Years:%
5 Years:78%
3 Years:128%
TTM:24%

Compounded Sales Growth

10 Years:%
5 Years:8%
3 Years:7%
TTM:2%

Return on Equity

10 Years:%
5 Years:63%
3 Years:64%
Last Year:46%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:6%
1 Year:-3%

Balance Sheet

Standalone figures in ₹ crores

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
1001001001001006,3256,3256,3256,3256,325
Reserves
5065505796406,2614,08439,34475,613119,863134,480
Borrowings
0000000000
Other Liabilities
2,571,3392,844,3393,111,1323,202,7603,805,3954,220,1814,504,8435,203,5955,497,6575,728,782
Total Liabilities
2,571,9462,844,9893,111,8113,203,5003,811,7564,230,5904,550,5125,285,5335,623,8445,869,587
Fixed Assets
2,4032,5742,64317,13817,69317,74420,44620,63521,2914,508
Gross Block
4,869.075,181.055,489.2320,310.5921,215.1621,624.1724,602.1025,067.9726,060.90–
Accumulated Depreciation
2,465.712,606.952,846.723,172.533,521.833,880.324,156.254,433.384,769.51–
CWIP
1821752412461481983314023260
Investments
2,335,6312,604,2692,829,8672,906,1283,506,9303,911,6544,227,8944,958,5345,271,4615,540,189
Other Assets
233,729237,972279,059279,988286,984300,993301,842305,962330,766324,890
Total Assets
2,571,9462,844,9893,111,8113,203,5003,811,7564,230,5904,550,5125,285,5335,623,8445,869,587

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
70,55567,93119,84974,76955,723-3,13559,71828,911-6,180
Cash from Investing Activity
-78,249-75,6101,895-85,722-54,01310,377-57,899-28,21737,586
Cash from Financing Activity
-2,497-2,370-2,252-2,60800-949-4,427-3,794
Net Cash Flow
-10,191-10,04919,492-13,5621,7107,241870-3,73427,612

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
000000000
Inventory Days
–––––––––
Days Payable
–––––––––
Cash Conversion Cycle
000000000
Working Capital Days
414150383542413838
ROCE %
–1,580%1,574%1,354%307%142%148%73%53%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
96.50%96.50%96.50%96.50%96.50%96.50%96.50%96.50%96.50%96.50%96.50%96.50%
FIIs
0.17%0.08%0.08%0.10%0.06%0.14%0.19%0.16%0.07%0.10%0.11%0.13%
DIIs
0.91%0.90%0.83%0.84%1.00%0.85%0.94%1.16%1.26%1.27%1.37%1.35%
Public
2.42%2.52%2.58%2.55%2.43%2.49%2.37%2.17%2.15%2.13%2.02%2.03%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

LIC Re-designates Sangeeta Ram as Principal, Zonal Training Centre, Agra

2nd April 2026, 8:39 pm

LIC Senior Management Personnel to Superannuate on March 31, 2026

30th March 2026, 8:33 pm

LIC receives ₹10,331.27 crore tax demand, plans appeal

28th March 2026, 3:11 am

LIC Discloses ₹7,100 Crore Tax Demand Order for FY22, Considers Appeal

26th March 2026, 12:30 am

LIC Announces Trading Window Closure Ahead of Financial Results

17th March 2026, 6:46 pm

Published by Other Websites

External media mentions & references

Insurance Stocks Plunge: LIC, HDFC Life Hit 52-Week Lows

2nd April 2026, 1:21 pm

LIC Opens Branches March 31 for Policyholder Premium Deposits

30th March 2026, 9:48 pm

NSE IPO Valued at ₹4-7 Trillion as Shareholders Plan Major Exit

30th March 2026, 5:46 pm

Market Plunge: Adani, LIC Lead 107 Stocks to 52-Week Lows

30th March 2026, 2:45 pm

LIC Hit By ₹10,331 Crore Tax Demand, Plans Appeal

27th March 2026, 10:43 pm

News Articles

Editorial & research coverage

LIC Stock Surges: Analyst Optimism Meets Competitive Headwinds
LIC Stock Surges: Analyst Optimism Meets Competitive Headwinds

13th February 2026, 6:59 am

India Life Insurers Show Strong Claim Payouts Amid Sector Growth
India Life Insurers Show Strong Claim Payouts Amid Sector Growth

9th February 2026, 3:59 pm

India Life Insurance: GST Cut Fuels Growth Amidst Margin Pressure
India Life Insurance: GST Cut Fuels Growth Amidst Margin Pressure

9th February 2026, 1:44 pm

Top Firms Gain ₹4.55 Lakh Crore as Reliance Leads Rally
Top Firms Gain ₹4.55 Lakh Crore as Reliance Leads Rally

8th February 2026, 3:17 pm

Reliance Fuels Market Surge; IT Stocks Falter Amid AI Fears
Reliance Fuels Market Surge; IT Stocks Falter Amid AI Fears

8th February 2026, 12:46 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

12h - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended December 31, 2025 is enclosed.

Announcement Under Regulation 30 Of SEBI (LODR) - Product Launch

1d - LIC launches Jeevan Utsav Non-Par single-premium whole-life plan from January 12, 2026.

Announcement under Regulation 30 (LODR)-Change in Management

1d - Neelam Kujur re-designated Principal, Zonal Training Centre Jamshedpur on January 05, 2026; now Senior Management Personnel.

Announcement under Regulation 30 (LODR)-Change in Management

31 Dec - Four senior managers (Rajesh Ailawadi; Bichitra Mahapatra; Rajesh Kumar; Jaideep Chaudhuri) retiring effective December 31, 2025.

Announcement under Regulation 30 (LODR)-Change in Management

31 Dec - Managing Director Sat Pal Bhanoo superannuating effective December 31, 2025; ceases several committee memberships.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from web)

Financial Year 2020

(from web)

Financial Year 2019

(from web)

Credit Ratings

No credit ratings.

Concalls

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Stock Analysis

Description

  1. Life Insurance Corporation (LIC) is India's largest insurer, offering a wide range of participating and non-participating life insurance products. It holds a dominant market share in new business premiums and policies.

Key Growth Triggers

  1. LIC benefits from the national 'Insurance for All by 2047' goal and its strategic shift towards non-par products, alongside expansion in bancassurance and alternate channels. Digital transformation, new product launches catering to diverse needs, and the recent GST exemption on premiums are key growth drivers, aiming to deepen market penetration in India's underinsured landscape.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Recurring GST demand orders, interest, and penalties from tax authorities across multiple states are a notable concern, though LIC states no material financial impact. Past sales growth has been moderate, necessitating continued strong execution of strategic initiatives to ensure sustained expansion.

Key Dates To Watch

  1. Anticipated announcement of Q3 FY26 financial results following the trading window closure starting January 1, 2026.

Corporate Announcements

2nd Apr 26
Impact Rating: 6
LIC has re-designated Smt Sangeeta Ram, formerly Faculty Member, as Principal of its Zonal Training Centre in Agra. This change is effective April 02, 2026, and designates her as Senior Management Personnel.
30th Mar 26
Impact Rating: 6
Life Insurance Corporation of India has informed about the superannuation of three Senior Management Personnel, effective March 31, 2026. The officials will be relieved from their duties on March 30, 2026.
27th Mar 26
Impact Rating: 7
Life Insurance Corporation of India received a tax demand of ₹8,576.82 crore and interest of ₹1,754.45 crore for FY 2023-24, and intends to file an appeal.
25th Mar 26
Impact Rating: 7
LIC has received a substantial demand order from the Income Tax Department for FY 2021-22, detailing ₹6,146.71 crore as Income Tax and ₹953.26 crore as Interest. The corporation has emphasized that this notice is appealable and does not materially affect its operations.
17th Mar 26
Impact Rating: 7
Life Insurance Corporation of India will be closing its trading window for all its insiders starting April 1, 2026. This restriction will remain in effect until 48 hours after the conclusion of the Board Meeting where financial results for the year ending March 31, 2026, will be considered.