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Life Insurance Corporation of India share price logo

Life Insurance Corporation of India

(LICI)

₹901.70.37%

as on 04:01PM, 20 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Life Insurance Corporation of India Analyst Rating

based on 18 analysts

BUY

72.22%

Buy

22.22%

Hold

5.56%

Sell

Based on 18 analysts offering long term price targets for Life Insurance Corporation of India. An average target of ₹1161.83

Source: S&P Global Market Intelligence

Life Insurance Corporation of India Share analysis

Life Insurance Corporation of India price forecast by 18 analysts

Upside of28.37%

High

₹1385

Target

₹1161.83

Low

₹870

Life Insurance Corporation of India target price ₹1161.83, a slight upside of 28.37% compared to current price of ₹901.7. According to 18 analysts rating.

Source: S&P Global Market Intelligence

Life Insurance Corporation of India Performance

  • Day's Low

    Day's High

    ₹895.35
    Day's Price Range
    ₹914.9
  • 52 Week's Low

    52 Week's High

    ₹746.3
    52-Week Price Range
    ₹1,222
1 Month Return+ 2.62 %
3 Month Return-12.37 %
1 Year Return+ 18.38 %
Previous Close₹905.05
Open₹905.70
Volume14.02L
Upper Circuit-
Lower Circuit-
Market Cap₹5,73,329.42Cr

Life Insurance Corporation of India Key Statistics

P/E Ratio13.79
PEG Ratio2.02
Market Cap₹5,73,329.42 Cr
P/B Ratio7.06
EPS64.69
Dividend Yield0
SectorInsurance
ROE63.75

Life Insurance Corporation of India Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹5,73,329.42 Cr0.68%0.99₹40,915 Cr₹8,45,966 Cr
BUY₹1,40,085.90 Cr8.21%0.98NANA
BUY₹92,819.00 Cr6.93%0.53NANA
BUY₹95,751.69 Cr6.23%0.98₹850 Cr₹89,683 Cr
BUY₹1,34,437.00 Cr0.24%0.98₹1,574 Cr₹1,01,481 Cr

About Life Insurance Corporation of India

Life Insurance Corporation of India (LIC) is the largest insurance company in India, operating in the insurance and financial services sector. It was incorporated on September 1, 1956, following the nationalization of the insurance industry by the Government of India. Headquartered in Mumbai, Maharashtra, LIC is registered under the Company Identification Number (CIN) U66010MH1956GOI008739. The company offers a wide range of products, including life insurance, health insurance, investment plans, and pension schemes.
LIC has various sub-brands that cater to different market segments, such as LIC Housing Finance, which provides home loans, and LIC Mutual Fund, which offers investment services. The company primarily operates in India but has a presence in several countries, including the United Kingdom, Mauritius, Fiji, and Nepal, among others, through joint ventures and partnerships. A notable fact about LIC is that it has a vast network of over 1.2 million agents and a significant market share in India's insurance sector. Another interesting fact is that LIC manages one of the largest pools of investment funds in the country, contributing to its strong financial stability.
As a government-owned entity, LIC's parent organization is the Ministry of Finance, Government of India. The company has not been significantly involved in mergers and acquisitions but has continuously expanded its product portfolio and geographical presence to maintain its market leadership in the insurance sector.

Share Price: ₹901.70 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹5,73,329.42Cr as of today
Revenue: ₹2,31,926.41Cr as on September 2024 (Q3 24)
Net Profit: ₹6,237.15Cr as on September 2024 (Q3 24)
Listing date: 17 May, 2022
Chairperson Name: Siddhartha Mohanty
OrganisationLife Insurance Corporation of India
Headquarters
IndustryInsurance
E-voting on sharesClick here to vote

Key events for Life Insurance Corporation of India

  • LIC Emphasizes Technology to Strengthen Agency Force - 18 Dec, 2024

    LIC Managing Director R Doraiswamy highlighted the company's focus on leveraging technology to enhance its agency force. He noted a growing interest in protection-oriented insurance products among the younger generation and emphasized the importance of technology in effective product pricing.
  • LIC Faces Unclaimed Amounts and Claim Settlement Issues - 16 Dec, 2024

    LIC reported unclaimed maturity amounts of Rs 880.93 crore in FY24, affecting over 372,000 policyholders. Additionally, NCDRC ordered LIC to pay an Rs 8 lakh death claim due to policy lapse disputes.
  • LIC Reduces Stake in NMDC Ltd Significantly - 14 Dec, 2024

    Life Insurance Corporation of India (LIC) sold 5.91 crore shares of NMDC Ltd, reducing its stake from 7.615% to 5.598%. Post-sale, LIC holds 16.40 crore shares.
  • LIC Reports Significant Premium Decline in November - 11 Dec, 2024

    The life insurance industry saw a 4.5% YoY decline in premiums in November 2024, largely due to a 27% drop in revenue from market leader LIC.
  • LIC Faces Premium Decline and Stock Slide - 10 Dec, 2024

    LIC's stock faced significant pressure due to a 27% decline in premiums for November 2024, leading to a 4% drop in share price. Despite earlier growth in new business premiums, brokerages remain cautious about LIC's outlook amid weak performance indicators.
  • LIC Reports Strong Returns Amid Challenges and Initiatives - 09 Dec, 2024

    LIC has reported a 35.9% return over the past year, with significant growth in APE and VNB. The company also launched the 'Bima Sakhi Yojana' to empower women, while facing challenges with a drop in November premiums. Additionally, LIC reduced its stake in Lupin Ltd. and noted an increase in female agents.
  • LIC Maintains Dominance with Strong Market Share - 08 Dec, 2024

    As of June 2024, LIC holds a 64.02% market share in the insurance sector. Its total income rose by 8.6% to ₹8.60 lakh crore in FY24, making it the second-largest listed firm in India by revenue, following Reliance Industries.
  • LIC Launches Scholarship and Women's Insurance Initiative - 07 Dec, 2024

    LIC announced the Golden Jubilee Scholarship Scheme 2024 for economically weaker students and PM Modi is set to inaugurate the Bima Sakhi Yojana, promoting women's prosperity.
  • LIC Expands into Health Insurance Market - 03 Dec, 2024

    Life Insurance Corporation of India is negotiating to acquire a 50% stake in ManipalCigna Health Insurance, marking its strategic entry into the health insurance sector. Meanwhile, LIC agents protest against increased premiums and reduced commissions amid government policy changes.
  • LIC Stock Surges Amid Strategic Moves and Clarifications - 29 Nov, 2024

    Life Insurance Corporation of India (LIC) shares surged due to strategic developments, including a potential stake acquisition in ManipalCigna and a favorable regulatory environment. The stock rose significantly over six sessions, with clarifications on GST demands and foreign investment proposals boosting investor confidence.
  • LIC's Strategic Moves Boost Stock Performance - 28 Nov, 2024

    LIC is in talks to acquire a 50% stake in ManipalCigna Health Insurance, boosting its stock by 4%. Analysts recommend LIC shares for long-term investment due to strong growth and margin expansion.
  • LIC's Strategic Investments and GST Appeal Updates - 27 Nov, 2024

    LIC made significant moves by investing in NTPC Green Energy IPO, increasing its stake in Patanjali Foods, and challenging a Rs 530 crore GST demand. Additionally, it has shown dissent in board appointments at Zee.
  • LIC Increases Stake in Patanjali Foods and Stock Performance - 26 Nov, 2024

    Life Insurance Corporation of India has raised its stake in Patanjali Foods to 5.02% through open market purchases. LIC's stock closed at ₹907.35, reflecting a 33.90% annual increase.
  • LIC Boosts Stake in LTIMindtree to 7.034% - 22 Nov, 2024

    Life Insurance Corporation of India (LIC) raised its stake in LTIMindtree from 5.033% to 7.034%, acquiring 2.001% more shares through open market purchases between March and November 2024.
  • LIC Increases Stake in LTIMindtree Significantly - 21 Nov, 2024

    Life Insurance Corporation of India (LIC) has increased its stake in LTIMindtree from 5.033% to 7.034%, marking a net increase of 2.001% during the specified period.
  • Supreme Court Supports LIC in Employee Termination Case - 20 Nov, 2024

    The Supreme Court upheld LIC's decision to terminate an employee for 90 days of unauthorized absence, emphasizing the abandonment of service and lack of communication.
  • LIC Faces Criticism Over Hindi Website Display - 19 Nov, 2024

    LIC encountered significant criticism from Tamil Nadu's Chief Minister for its website's Hindi display, labeled as linguistic imposition. The company clarified it was a technical issue, now resolved.

Insights on Life Insurance Corporation of India

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 2.12L Cr → 2.31L Cr (in ₹), with an average increase of 8.2% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.79% to 1.02% in Sep 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 96.50% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, ICICI Prudential Life Insurance Company Ltd has given 27.4% return, outperforming this stock by 13.3%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.19% to 0.15% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 13.78K Cr → 7.72K Cr (in ₹), with an average decrease of 25.1% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 2.37% to 2.18% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, LICI stock has moved down by -9.4%

Life Insurance Corporation of India Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹2,03,321.26Cr (-)₹2,14,260.14Cr (↑5.38%)₹2,53,217.02Cr (↑18.18%)₹2,12,953.15Cr (↓15.90%)₹2,31,926.41Cr (↑8.91%)
Net Income₹7,581.75Cr (-)₹8,021.48Cr (↑5.80%)₹12,529.15Cr (↑56.19%)₹9,144.44Cr (↓27.01%)₹6,237.15Cr (↓31.79%)
Net Profit Margin3.73% (-)3.74% (↑0.27%)4.95% (↑32.35%)4.29% (↓13.33%)2.69% (↓37.30%)
Value in ₹ crore
Details2021202220232024
Total Assets₹38,11,755.68Cr (-)₹42,30,589.78Cr (↑10.99%)₹45,50,512.21Cr (↑7.56%)₹52,85,532.74Cr (↑16.15%)
Total Liabilities₹38,05,394.99Cr (-)₹42,20,180.64Cr (↑10.90%)₹45,04,842.82Cr (↑6.75%)₹52,03,594.58Cr (↑15.51%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹74,768.69Cr (-)₹55,723.07Cr (↓25.47%)-₹3,135.49Cr (↓105.63%)₹59,718.02Cr (↓2,004.58%)₹28,484.36Cr (↓52.30%)

Index Inclusions

S&P BSE CPSE

₹3,698.17

-2.3 (-86.91%)

S&P BSE PSU

₹19,024.28

-2.36 (-460.51%)

Nifty Next 50

₹68,702.65

-2.72 (-1923.05%)

BSE 200

₹10,905.86

-1.89 (-210.17%)

NIFTY 100

₹24,448.85

-1.75 (-436.1%)

Nifty LargeMidcap 250

₹15,666.00

-2.09 (-334.75%)

Nifty 200

₹13,373.90

-1.94 (-264.25%)

Nifty100 Eq Weig

₹31,223.95

-2.18 (-694.7%)

S&P BSE 250 LargeMidCap

₹10,353.28

-1.89 (-199.23%)

S&P BSE Enhanced Value

₹888.67

-2.01 (-18.25%)

S&P BSE 100 LargeCap TMC

₹8,809.09

-1.77 (-158.49%)

Nifty 500

₹22,319.40

-1.9 (-432.75%)

BSE 500

₹35,082.25

-1.9 (-680.42%)

S&P BSE Fin. Ser

₹11,379.57

-1.62 (-187.38%)

S&P BSE Largecap

₹9,171.23

-1.78 (-165.83%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Life Insurance Corporation of India Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
96.5%
0.00
Foreign Institutions
0.15%
-20.24
Mutual Funds
1.02%
28.14
Retail Investors
2.18%
-7.84
Others
0.15%
0.40

Life Insurance Corporation of India Key Indicators

Details20202021202220232024
Return On Equity %387.3482.3248.44129.963.75
Details20202021202220232024
Return On Assets %0.080.080.10.790.77
Details20232024
Book Value Per Share (₹)73.09130.82
Details20232024
Earning Per Share (₹)56.9164.69

Life Insurance Corporation of India Valuation

Life Insurance Corporation of India in the last 5 years

  • Overview

  • Trends

Lowest (8.65x)

July 13, 2023

Today (13.79x)

December 19, 2024

Industry (22.20x)

December 19, 2024

Highest (134.41x)

May 18, 2022

LowHigh

Life Insurance Corporation of India Earnings and Dividends

  • Life Insurance Corporation of India Earnings Results

    Life Insurance Corporation of India’s net profit fell -3.76% since last year same period to ₹7,728.68Cr in the Q2 2024-2025. On a quarterly growth basis, Life Insurance Corporation of India has generated -26.7% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Life Insurance Corporation of India Dividends May,2024

    In the quarter ending March 2024, Life Insurance Corporation of India has declared dividend of ₹6 - translating a dividend yield of 1.11%.

    Read More about Dividends

Life Insurance Corporation of India Technicals Summary

Bearish

Neutral

Bullish

Bearish

Life Insurance Corporation of India is currently in a Bearish trading position according to technical analysis indicators.

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Life Insurance Corporation of India (LICI) share price today is ₹901.7

Life Insurance Corporation of India is listed on NSE

Life Insurance Corporation of India is listed on BSE

  • Today’s highest price of Life Insurance Corporation of India is ₹914.9.
  • Today’s lowest price of Life Insurance Corporation of India is ₹895.35.

PE Ratio of Life Insurance Corporation of India is 13.79

PE ratio = Life Insurance Corporation of India Market price per share / Life Insurance Corporation of India Earnings per share

Today’s traded volume of Life Insurance Corporation of India(LICI) is 14.02L.

Today’s market capitalisation of Life Insurance Corporation of India(LICI) is ₹573329.42Cr.

Life Insurance Corporation of India(LICIPrice
52 Week High
₹1222
52 Week Low
₹746.3

Life Insurance Corporation of India(LICI) share price is ₹901.7. It is down -26.21% from its 52 Week High price of ₹1222

Life Insurance Corporation of India(LICI) share price is ₹901.7. It is up 20.82% from its 52 Week Low price of ₹746.3

Life Insurance Corporation of India(LICIReturns
1 Day Returns
-3.35%
1 Month Returns
2.62%
3 Month Returns
-12.37%
1 Year Returns
18.38%