LIC hits record high after Q3 PAT climbs 49% YoY to Rs 9,444 cr
Mumbai, Feb. 9 -- Total premium income stood at Rs 1,17,016.92 crore in Q3 FY24, up 4.67% from Rs 1,11,787.60 crore posted in Q3 FY23.
On nine month basis, the company's net profit stood at Rs 26,913 crore in 9M FY24. The current period profit includes an amount of Rs 21,461 crore (net of tax), pertaining to the accretions on the available solvency margin, transferred from non-par fund to shareholders account.
The PAT for similar nine months ended 31 December 2023 was Rs 22,970 crore is not comparable since it included an amount of Rs 4,542 crore (net of tax) pertaining to the accretions on the available solvency margin for the last quarter of FY 2021-22 which was transferred from Non Par fund to shareholders account on 30 September 202...
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