The Centre has asked LIC to disclose its embedded value (EV) for the September-March period as against the insurer's plan to declare the same only one year after it shared its last embedded value of ₹5.39 trillion.
The management of LIC had not asked its reporting actuary to start the process of the embedded value derivation as of March 2022 as it was expected to drop on account of a decline in mark-to-market gains of about ₹40,000-50,000 crore, said an official. The embedded value - an important metric that indicates an insurance company's performance is the sum of adjusted net worth and value of an in-force business or estimated future profits.
This story is from the May 24, 2022 edition of Business Standard.
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This story is from the May 24, 2022 edition of Business Standard.
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