LIC Reports Strong Q4 Profit Growth

  Published 1 year ago

Life Insurance Corporation of India (LIC) announced a 38% increase in fourth quarter profit, reaching 190.13 billion rupees. This growth was primarily driven by a reduction in employee expenses, signaling positive financial performance.

  • Profit rose to $2.23 billion.
  • Employee costs were significantly lower.
  • Results are for the quarter ended March 31.

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