LIC Shares Surge 9% As Net Profit Climbs 38%

Shares of Life Insurance Corporation of India (LIC) soared Wednesday, nearly 9%, after the state-owned insurer reported a 38% boost in net profit for the fourth quarter ending March 2025.

Boosted by a reduction in management expenses, the company achieved a substantial net profit of Rs 19,013 crore, compared to Rs 13,763 crore in the same quarter the previous year.

Despite a decline in total income to Rs 2,41,625 crore from Rs 2,50,923 crore, the rise in renewal premiums and diminished management costs highlighted LIC's financial resilience.

(With inputs from agencies.)