Investors react positively to LIC's good showing in second quarter

Strong September quarter results for the 2022-23 financial year (Q2FY23) from the giant Life Insurance Corporation of India (LIC) has led to a spurt in the share price, which is still, however, well below the Initial public offering (IPO) price.

LIC posted a record rise in the Q2 profit after tax (PAT) to Rs 15,950 crore, up 10x year-on-year (YoY) compared to Rs 1,433.71 crore a year ago. This PAT surge was driven by the transfer of Rs 14,300 crore from non-par to shareholders’ account.

The net premium grew 27 per cent YoY to Rs 1.321 trillion. Market share calculated