{"id":1278791,"date":"2024-02-09T10:56:56","date_gmt":"2024-02-09T05:26:56","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1278791"},"modified":"2024-02-09T10:57:16","modified_gmt":"2024-02-09T05:27:16","slug":"lic-earned-rs-104-crore-day-in-last-90-days-as-profits-increase-48-rs-4-share-bonus-announced","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/lic-earned-rs-104-crore-day-in-last-90-days-as-profits-increase-48-rs-4-share-bonus-announced\/","title":{"rendered":"LIC Earned Rs 104 Crore\/Day In Last 90 Days As Profits Increase 48%; Rs 4\/Share Bonus Announced"},"content":{"rendered":"\n<p>Life Insurance Corporation of India (LIC) posted a <a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/earnings\/lic-q3-results-profit-zooms-49-yoy-to-rs-9444-cr-dividend-declared-at-rs-4\/share\/articleshow\/107528357.cms?from=mdr\">49% jump<\/a> in consolidated net profit at \u20b99,444 crore for the December 2022 quarter aided by 12% growth in investment income and marginal rise in net premiums collected. The state-owned insurance behemoth reported steady improvement across key financial parameters.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-2-2-1280x720-2-1024x576-1280x720-1-1024x576.jpeg\" alt=\"LIC Earned Rs 104 Crore\/Day In Last 90 Days As Profits Increase 48%; Rs 4\/Share Bonus Announced\" class=\"wp-image-1278795\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-2-2-1280x720-2-1024x576-1280x720-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-2-2-1280x720-2-1024x576-1280x720-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-2-2-1280x720-2-1024x576-1280x720-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-2-2-1280x720-2-1024x576-1280x720-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>LIC shares hit historic highs this week reacting to the continued business momentum, with Chairman Siddhartha Mohanty underscoring diversification focus towards sustainable growth. The insurer declared interim dividends of <a href=\"https:\/\/www.livemint.com\/companies\/company-results\/lic-q3-results-net-profit-rises-49-to-rs-9-444-crore-yoy-11707396271656.html\">\u20b94 per share<\/a> as well.<\/p>\n\n\n\n<p><strong>Premiums Rise on Product Mix Strategy<\/strong><\/p>\n\n\n\n<p>Net premiums gathered saw measured 4.6% increase year-on-year to \u20b91.17 lakh crore. Mohanty attributed consistent targeting of new customer categories and offerings for faster premium accretion that intends reducing volatility. The dedicated shift way from traditional policies aims providing contemporary covers suiting emerging societal needs.<\/p>\n\n\n\n<p>Even the gross bad loans ratio lowered to 2.15% from 2.43% last quarter indicating stabilizing asset quality. Underwriting profit for the 9 months crossed \u20b9850 crore as well validating realignment efficacy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Life Insurance Corporation of India (LIC) posted a 49% jump in consolidated net profit at \u20b99,444 crore for the December 2022 quarter aided by 12% growth in investment income and marginal rise in net premiums collected. The state-owned insurance behemoth reported steady improvement across key financial parameters. LIC shares hit historic highs this week reacting [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1278795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[181],"class_list":["post-1278791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-lic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LIC Earned Rs 104 Crore\/Day In Last 90 Days As Profits Increase 48%; Rs 4\/Share Bonus Announced - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/lic-earned-rs-104-crore-day-in-last-90-days-as-profits-increase-48-rs-4-share-bonus-announced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIC Earned Rs 104 Crore\/Day In Last 90 Days As Profits Increase 48%; Rs 4\/Share Bonus Announced - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Life Insurance Corporation of India (LIC) posted a 49% jump in consolidated net profit at \u20b99,444 crore for the December 2022 quarter aided by 12% growth in investment income and marginal rise in net premiums collected. The state-owned insurance behemoth reported steady improvement across key financial parameters. LIC shares hit historic highs this week reacting [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/lic-earned-rs-104-crore-day-in-last-90-days-as-profits-increase-48-rs-4-share-bonus-announced\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-09T05:26:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-09T05:27:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-2-2-1280x720-2-1024x576-1280x720-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/lic-earned-rs-104-crore-day-in-last-90-days-as-profits-increase-48-rs-4-share-bonus-announced\/\",\"url\":\"https:\/\/trak.in\/stories\/lic-earned-rs-104-crore-day-in-last-90-days-as-profits-increase-48-rs-4-share-bonus-announced\/\",\"name\":\"LIC Earned Rs 104 Crore\/Day In Last 90 Days As Profits Increase 48%; 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