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LIC Q3 net profit sees 17% jump
Millennium Post Delhi
|February 13, 2025
State-owned insurer LIC on Friday reported a 17 per cent jump in net profit at Rs 11,056 crore in the third quarter ended December 2024 due to reduction in expense ratio.
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NEW DELHI:
The country's biggest insurer, Life Insurance Corporation (LIC), had earned a net profit of Rs 9,444 crore in the year-ago period.
The total income also came down to Rs 2,01,994 crore in the latest December quarter compared to Rs 2,12,447 crore in the year-ago period.
During the quarter, expenses of management came down to Rs 14,416 crore as compared to Rs 18,194 crore in the same period a year ago.
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