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LIC Needs APE Shot for Stock
Mint Chennai
|February 12, 2025
Slipping away
Shares of Life Insurance Corp. of India Ltd (LIC) hit a 52-week low on Tuesday, dropping to ₹790.20 apiece. The life insurer's Q3FY25 results were disappointing even though expectations were already low. LIC's total annualized premium equivalent (APE) and value of new business (VNB) declined 24% and 27% year-on-year (y-o-y) to ₹9,951 crore and ₹1,926 crore in Q3.
The only segment to report a meaningful jump in APE growth was unit-linked insurance plans (Ulips), where premium income from sales nearly tripled to ₹803 crore. In contrast, APE fell across all other categories except protection (term plans), which remains too small to make a significant impact.
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