LIC to declare fourth quarter results on May 24

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.

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