Life Insurance Corporation of India reported a 38% surge in March quarter net profit, reaching ₹19,013 crore, driven by non-participating products and improved margins. The board recommended a final dividend of ₹12 per share for FY25. Despite regulatory changes impacting premium equivalent, the value of new business rose, and the solvency ratio improved, showcasing a focus on profitable growth.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,