LIC Q2 results: Profit up 31% YoY to Rs 10,098 cr; premium income grows 5.5% as AUM, solvency ratio improve
LIC has reported a robust financial quarter, with net profit soaring 31% year-on-year to Rs 10,098 crore, fueled by increased premium income and expanding assets. First-half profits also saw a significant 16% jump. Key business segments like Non-Par APE and Group Business APE demonstrated strong growth, alongside an improved VNB margin and a lower expense ratio.🕒 1 min read
LIC has reported a robust financial quarter, with net profit soaring 31% year-on-year to Rs 10,098 crore, fueled by increased premium income and expanding assets. First-half profits also saw a significant 16% jump. Key business segments like Non-Par APE and Group Business APE demonstrated strong growth, alongside an improved VNB margin and a lower expense ratio.
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