Q3 2025 Life Insurance Corporation Of India Earnings Call Transcript
Key Points
- Life Insurance Corporation of India (BOM:543526) reported a total premium income growth of 5.51% year-on-year for the 9 months ended December 31, 2024.
- The company maintained its dominant market position with a market share of 57.42% in the Indian life insurance market.
- Profit after tax increased by 8.27% year-on-year, reaching INR29,138 crore for the 9 months ended December 31, 2024.
- The solvency ratio improved to 2.02 as of December 31, 2024, compared to 1.93 the previous year.
- Assets under management grew by 10.29% year-on-year, reaching INR54,77,651 crore as of December 31, 2024.
- The number of new policies sold decreased by 6.73% year-on-year for the 9 months ended December 31, 2024.
- Market share in the individual business segment declined from 38.74% to 37.21% year-on-year.
- The agency workforce's market share decreased from 49.7% to 47.4% year-on-year.
- Persistency rates showed a decline across most cohorts compared to the previous year.
- The number of policies sold through the BANCA and alternate channels declined by 20.24% year-on-year.
Ladies and gentlemen, good evening and welcome to the LIC's Q3 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. We have senior management of LIC led by Mr. Siddhartha Mohanty, CEO and MD on this call.
I now hand the conference over to Mr. Siddhartha Mohanty, CEO and MD, LIC. Thank you, and over to you, Mr. Mohanty.
Good evening, everyone. I'm Siddhartha Mohanty, Chief Executive Officer and Managing Director, LIC. I would like to welcome all of you to the results and performance of that call of Life Insurance Corporation of India for the 9 months period ended December 31, 2024. Our results declared today have been uploaded, along with press release and the investor presentation, on our website as well as the websites of both the extended BSE and NSE.
Along with me on this call, I have four Managing Directors: Mr. M. Jagannath, Mr. Tablesh Pandey, Mr. Satpal Bhanoo and Mr. R. Doraiswamy.
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