LIC shares surge 4% post-Q2 results as earnings beat and premium growth lift sentiment

LIC shares climbed 4% as Q2 earnings beat estimates, driven by premium growth, improved persistency, and strong investment income.

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LIC shares surge 4% post-Q2 results as earnings beat and premium growth lift sentiment

LIC shares surge 4% post-Q2 results as earnings beat and premium growth lift sentiment
Life Insurance Corporation of India’s stock rose 4 percent on November 10 after quarterly earnings exceeded street estimates. The insurer reported strong premium income, improved persistency ratios, and higher renewal collections. Embedded value rose 6 percent sequentially, while total new-business premium increased 18 percent year-on-year. 
Profit after tax improved due to higher investment income and lower claim ratios. Management reaffirmed focus on expanding digital distribution and individual non-participating segments to enhance margins. The results reinforced optimism in India’s insurance sector and LIC’s leadership position.
Companies:
  • LIC
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