Due to this reason LIC shares fell, now only this price is left

LIC Share Price : Today, the shares of Life Insurance Corporation (LIC) fell by about 4 percent and with this it reached an intra-day low of Rs 947.50. The reason behind this is said to be the 27 percent decline in the company’s annual premium. Life Insurance Corporation’s annual retail premium equivalent (APE) declined by 12.4 per cent to Rs 2,215.5 crore in November 2024 as compared to Rs 2,528.4 crore in November 2023. Whereas, during the same period, the total APE declined by 19.4 percent from Rs 3,915.3 crore to Rs 3,154 crore.

Market share of private insurance companies increased

Talking about the figures of November this year, total and retail annual premium equivalent (APE) saw a decline of 19 percent and 12 percent respectively. Whereas, in the same month, the market share of private insurance companies registered an increase of up to 18 percent. Private life insurance companies recorded a modest 15.3 per cent year-on-year increase in individual annual premium equivalent in November 2024.

Whereas, the APE of SBI Life and HDFC Life registered a year-on-year decline of 8.5 percent and 2.7 percent respectively. Overall, while Life Insurance Corporation raised individual APE of Rs 8520 crore, private insurance companies contributed 74 percent in it. Year-on-year, shares of IPRU and Max Life continued to grow by 28.1 percent and 24.8 percent respectively.

LIC shares fell by 2.6 percent

Similarly, LIC recorded a 4 percent decline in standalone net profit at Rs 7,621 crore in its third quarter ended September. Whereas, during the same period last year, this figure was recorded at Rs 7,925 crore. It is noteworthy that in the last five trading days, LIC shares have registered a decline of 2.6 percent. However, it has increased by 3.4% in the last one month. The shares of the life insurance company have declined by 4.75 percent in the last six months.

Also read: Personal Loan: Do you want to take personal loan for new business? Keep these things in mind before applying