Key Points
LIC Q1 results: Net profit surges fourteen-fold to Rs 9,544 cr ..
LIC's solvency ratio improved marginally to 1.89 compared with 1.88 last year and its net premium income was mostly flat at Rs 98,363 crore ..
Life Insurance Corporation of India on Thursday reported a near fourteen-fold surge in first-quarter profit, as it moved money to a shareholders' fund to shore up its bottom-line...
The company posted a profit after tax of Rs 9,544 crore for the quarter ended June 30 as compared to Rs 683 crore a year ago...
Reuters reported last year that the insurer was planning to transfer Rs 1.8 lakh crore from policyholders' funds into a fund earmarked to pay dividends or issue bonus shares...
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