LICI

Life Insurance Corporation Of India

India's largest life insurer, majority state-owned, with a nationwide agent network

Financial Services›Financial Services›Insurance›Life Insurance

licindia.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹397.75
Market cap
5,03,154 Cr
Stock P/E
8.4
P/B
2.63
Dividend yield
1.5%
ROE (FY26)
32.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

LIC (Life Insurance Corporation of India) sells life insurance, pension and annuity products to individuals and groups across India, and by its own account leads the Indian life insurance market.

Company snapshot

1stBy market cap

Ranked among 6 companies in Life Insurance.

What we see

Positives
  • ✓Return on equity of 32.3% — the company generates strong returns on shareholders' money.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Insurance layout · ₹ Cr · quarterly

MetricMar 2023Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Premium1,32,223 Cr1,14,230 Cr1,20,326 Cr1,07,302 Cr1,47,917 Cr1,19,618 Cr1,26,930 Cr1,25,988 Cr1,65,067 Cr1,27,623 Cr
Expenses1,94,830 Cr2,00,747 Cr2,23,067 Cr1,92,040 Cr2,23,422 Cr2,12,730 Cr2,30,951 Cr2,22,826 Cr2,54,233 Cr2,26,208 Cr
Operating profit-62,607 Cr-86,516 Cr-1,02,741 Cr-84,737 Cr-75,505 Cr-93,111 Cr-1,04,021 Cr-96,838 Cr-89,166 Cr-98,585 Cr
Investment income68,220 Cr96,535 Cr1,09,338 Cr94,854 Cr93,443 Cr1,03,252 Cr1,12,528 Cr1,07,704 Cr1,09,211 Cr1,09,685 Cr
Other income13,760 Cr12,075 Cr8,829 Cr12,484 Cr20,232 Cr12,584 Cr11,568 Cr13,983 Cr24,708 Cr14,818 Cr
Profit before tax13,191 Cr10,551 Cr7,735 Cr11,018 Cr19,046 Cr10,986 Cr10,202 Cr12,880 Cr23,457 Cr13,686 Cr
Tax %0.0%0.1%0.1%0.1%0.0%0.3%1.0%-0.4%-0.0%0.7%
Net profit13,191 Cr10,544 Cr7,729 Cr11,009 Cr19,039 Cr10,957 Cr10,098 Cr12,930 Cr23,467 Cr13,584 Cr
EPS (₹)₹20.86₹16.67₹12.22₹17.40₹30.10₹17.32₹15.97₹20.44₹37.10₹10.74

Profit & loss (annual)

Annual insurance P&L · TTM where available · ₹ Cr

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Premium4,29,501 Cr4,75,957 Cr4,76,831 Cr4,89,775 Cr5,37,604 CrSign in free for the trailing twelve months
Expenses—7,53,802 Cr—8,39,275 Cr9,20,740 CrSign in free for the trailing twelve months
Operating profit—-2,77,845 Cr—-3,49,500 Cr-3,83,136 CrSign in free for the trailing twelve months
Investment income—3,07,488 Cr—3,94,169 Cr4,31,574 CrSign in free for the trailing twelve months
Other income—36,752 Cr—53,619 Cr62,843 CrSign in free for the trailing twelve months
Profit before tax4,165 Cr36,081 Cr41,057 Cr48,351 Cr57,524 CrSign in free for the trailing twelve months
Tax %1.0%0.2%0.3%0.1%0.1%Sign in free for the trailing twelve months
Net profit4,125 Cr35,997 Cr40,916 Cr48,320 Cr57,453 CrSign in free for the trailing twelve months
EPS (₹)₹6.52₹56.91₹64.69₹76.40₹90.84Sign in free for the trailing twelve months
Dividend payout %—2.6%—7.9%13.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6,325 Cr6,325 Cr6,325 Cr6,325 Cr6,325 Cr
Reserves5,134 Cr40,220 Cr76,575 Cr1,21,473 Cr1,71,508 Cr
Borrowings1 Cr—0 Cr——
Other liabilities41,71,076 Cr45,31,946 Cr51,69,353 Cr55,32,770 Cr57,70,723 Cr
Total liabilities41,82,536 Cr45,78,491 Cr52,52,252 Cr56,60,568 Cr59,48,556 Cr
Fixed assets (net)—3,837 Cr—4,483 Cr4,757 Cr
CWIP—————
Investments—42,59,976 Cr—53,15,603 Cr55,80,356 Cr
Loans & advances—1,17,005 Cr—1,28,961 Cr1,31,249 Cr
Cash & bank44,724 Cr45,499 Cr41,824 Cr69,885 Cr72,013 Cr
Other assets41,37,812 Cr1,52,174 Cr52,10,428 Cr1,41,636 Cr1,60,181 Cr
Total assets41,82,536 Cr45,78,491 Cr52,52,252 Cr56,60,568 Cr59,48,556 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-3,783 Cr54,519 Cr26,122 Cr-9,145 Cr-26,211 Cr
Cash from investing12,099 Cr-54,472 Cr-25,400 Cr40,423 Cr34,708 Cr
Cash from financing0 Cr-949 Cr-4,427 Cr-3,794 Cr-7,626 Cr
Net cash flow8,748 Cr722 Cr-3,574 Cr27,893 Cr2,856 Cr
Free cash flow (OCF − Capex)-4,499 Cr53,632 Cr25,354 Cr-9,921 Cr-27,327 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—————
ROE %36.0%77.3%49.4%37.8%32.3%
Debtor days—————
Inventory days—————
Days payable—————
Cash conversion cycle—————
Debt / equity0.0001—0.00——
Current ratio—4.42—6.225.95
Net debt / EBITDA—————

Regulatory ratios (as filed, standalone basis)

IRDAI ratios as filed with results. Key metrics may show the investor-deck figure, which can differ.

MetricMar 2023Mar 2024Mar 2025Mar 2026
Solvency ratio187.0%—211.0%235.0%
Expenses of management ratio15.5%—12.4%11.9%
Conservation ratio91.7%—89.7%92.3%
Persistency (13th month)77.1%—74.8%74.6%
Persistency (25th month)69.9%—71.0%69.0%
Persistency (37th month)70.0%—66.1%66.9%
Persistency (49th month)63.5%—61.5%63.0%
Persistency (61st month)61.8%—63.1%59.3%