ALFA Finder| Revenue growth | Total premium +11.64% YoY to ₹2,74,269 Cr; individual NBP +14.86%. |
|---|---|
| Margins | VNB margin 22.3% vs 17.6%, +470bps; QoQ down from 22.9% on RFR. |
| Demand visibility | ULIP APE down >40%; protection and non-par savings growing; expects H2 convergence. |
| Management confidence | Balanced; acknowledges RFR and ULIP headwinds, but relies on 'hope' language. |
Growth
Total premium +11.64%; individual NBP +14.86%; protection APE +58.59%; ULIP APE down over 40% drags total APE to +5.72%.
Outlook
No quantified guidance; management cites a 'very positive' FY28 margin outlook without numbers.
Risks
Sequential VNB margin fell 22.9% to 22.3% on RFR; premium-cohort persistency weakened; pending commission caps and RBC capital uncertainty.
Earnings Call Transcript filed with BSE, NSE: LICI. Summary written with AI assistance from the document.
Life Insurance Corporation of India: key numbers
- Share price
- ₹399.30
- Market cap
- ₹5,05,114 Cr
- Revenue (annual)
- ₹9,77,772 Cr
- Net profit (annual)
- ₹57,453 Cr
- P/E (TTM)
- 8.1×Sector 21.0×
- Promoter holding
- 90.00%-6.50% QoQ
- FII holding
- 1.55%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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