Life Insurance Corporation of India (LICI) Q4 24/25 earnings summary

Executive summary

• Achieved Guinness World Record for most life insurance policies sold in 24 hours, with 588,107 policies sold on January 20, 2025, involving 452,839 agents; recognized as the world's 3rd strongest insurance brand.

• Maintained leadership as India's largest life insurer, with a 57.05% market share in premium and 65.83% in policies for FY25.

• Embedded Value (IEV) grew 6.81% year-over-year to INR 776,876 crore as of March 2025.

• Highest-ever individual new business premium of INR 62,495 crore, up 8.28% year-over-year.

• Board approved audited standalone and consolidated financial results for the year ended March 31, 2025, with unmodified audit opinions.

Financial highlights

• Total premium income for FY25 was INR 488,148 crore, up from INR 475,070 crore in FY24.

• Profit after tax increased 18.38% year-over-year to INR 48,151 crore (standalone) and INR 48,320.33 crore (consolidated).

• Assets under management grew 6.45% year-over-year to INR 5,452,297 crore.

• Claim settlement ratio (death) at 99.41%; total death claims paid INR 24,420 crore.

• Solvency ratio improved to 2.11 from 1.98.

Outlook and guidance

• Focus on digital transformation, agency transformation, and maximizing investment yield while balancing risk.

• Board recommended a final dividend of INR 12 per share, subject to approval; record date set for July 25, 2025.

• Strategy to regain/enhance market share in select categories and geographies.

• Preparing for potential regulatory changes.