Life Insurance Corp (LIC) will announce its Q4 earnings on May 24. In Q3, the state-owned insurer posted a 14.6% YoY rise in gross premium, a 31.2% YoY increase in single premium, a 10.8% rise in first-year premium, and a 5.9% uptick in renewal premium. LIC recently appointed Siddhartha Mohanty as chairman of the firm until June 2023. LIC also has an equity portfolio of about Rs 10 lakh crore ($135bn) with investments in 273 stocks. During Q1 2023, LIC raised investments in IRB Infra, Infosys, RIL, Maruti Suzuki, TCS, Tech Mahindra Dr Reddy’s Lab, GAIL and Container Corporation of India.
Fund Manager Talk: Trump presidency not a big threat to IT but can affect FII flow: Krishnan VR
In the coming weeks, investors face a busy period with the Q3 earnings season, Trump’s swearing-in, the Fed meeting, and the Union Budget. The strategy
January 19, 2025