Life Insurance Corporation of India (LIC) share price was down 0.74 per cent to ₹899 apiece on Thursday, November 6, ahead of its second quarter earnings announcement.
LIC Q2 results preview
Analysts broadly anticipate the PSU to deliver a mostly positive financial performance in the second quarter of the current fiscal year, supported by steady growth in net premium income driven by stable value of new business (VNB) and a strong product portfolio.
Brokerage firm Kotak Institutional Equities estimates that LIC’s Annual Premium Equivalent (APE) will stand at ₹16,380 crore, marking a modest 0.5% year-on-year decline but a strong 29% rise compared to the previous quarter.
The brokerage added that the slight annual drop aligns with LIC’s muted performance in the initial two months of the quarter, as reflected in its monthly updates. However, on a sequential basis, the insurer is expected to post solid growth, driven by seasonal demand for insurance products and increased momentum in the non-par and group segments.
(This is a developing story)
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