Strong growth, margin metrics could support LIC's stock valuations

The management aims for a positive growth trajectory in the par segment and expects strong growth to continue in the non-par segment

In the September quarter (Q2FY25), LIC reported net premium income of Rs 1.2 trillion, up 12 per cent year on year (Y-o-Y). For H1FY25, net premium income grew 14 per cent Y-o-Y to Rs 2.3 trillion. Net premiums are estimated to grow 8 per cent Y-o-Y during H2FY25.

 

The new business annual premium equivalent (APE) grew 26 per cent Y-o-Y in Q2FY25 to Rs 16,470 crore, led by a 31 per cent  Y-o-Y growth in individual APE to Rs 11,420 crore and 15 per cent  Y-o-Y growth in group APE to Rs 5,050 crore. In H1FY25, new business APE grew