Life Insurance Corporation of India (LIC) has announced a final dividend of Rs 12 per equity share for the financial year 2024-25, subject to shareholders’ approval at their Annual General Meeting. The company’s Board has fixed July 25 as the record date for deciding shareholder eligibility. Prior to the AGM, shareholders who hold LIC shares as of the record date will be eligible to receive the final dividend.
LIC, India’s largest life insurer, accomplished a strong financial performance for the fiscal year ending March 2025, posting a profit after tax of Rs 48,151 crore, marking an 18.38% increment from Rs 40,676 crore in the previous year. Its total premium income reached Rs 4,88,148 crore, up from Rs 4,75,070 crore.
The company reported a 57% market share in the first-year premium income segment, and 37% in the individual insurance segment with 71% in group insurance. LIC has also allocated Rs 56,190 crore as bonuses to policyholders for FY25, illustrating their strong policyholder engagement.
Its embedded value stands at Rs 7.76 lakh crore, up 6.81% from last year, while assets under management increased to Rs 54.5 lakh crore, posting a 6% growth. Additionally, LIC completed its Guinness World Record with 5.88 lakh life insurance policies sold in a single day on January 20, 2025.
The VNB of LIC saw a rise to Rs 10,011 crore, with its VNB margin improving to 17.6%, showcasing its strength in profitability. The company’s solvency ratio improved to 2.11, indicating a robust financial cushion. In the fourth quarter, LIC reported a 38% YoY growth in its net profit to Rs 19,039 crore from Rs 13,782 crore.
