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Life Insurance Corp. of India
(LICI)
Life Insurance Corp. of India (LICI) vs. iShares MSCI India ETF (INDA)
Life Insurance Corp. of India Business Overview & Revenue Model
Life Insurance Corp. of India Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.04T | 8.91T | 8.49T | 7.85T | 7.27T | 6.86T |
| Gross Profit | 8.79T | 8.66T | 8.23T | 7.59T | 7.03T | 6.62T |
| EBITDA | 480.37B | 490.00B | 416.50B | 366.25B | 46.87B | 35.13B |
| Net Income | 487.33B | 483.20B | 409.16B | 359.97B | 41.25B | 29.74B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 56.61T | 53.16T | 45.78T | 42.54T | 38.30T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 825.75B | 418.24B | 518.29B | 447.24B | 360.78B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 12.88M | 36.65M |
| Total Liabilities | -1.28T | 55.33T | 52.33T | 45.32T | 42.43T | 38.23T |
| Stockholders Equity | 1.28T | 1.27T | 827.47B | 462.33B | 113.38B | 68.84B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -99.22B | 257.80B | 536.32B | -44.99B | 795.26B |
| Operating Cash Flow | 0.00 | -91.45B | 265.48B | 545.19B | -37.83B | 806.02B |
| Investing Cash Flow | 0.00 | 404.23B | -258.26B | -544.72B | 120.99B | 1.49T |
| Financing Cash Flow | 0.00 | -37.94B | -44.27B | -9.49B | 0.00 | -2.56T |
Life Insurance Corp. of India Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹943.25B | 33.54 | ― | 0.69% | 14.43% | 25.13% | |
68 Neutral | ₹1.62T | 85.32 | ― | 0.28% | -17.31% | 11.68% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹5.24T | 10.25 | ― | 1.40% | ― | ― | |
66 Neutral | ₹2.08T | 84.56 | ― | 0.13% | ― | ― | |
65 Neutral | ₹3.18T | 32.85 | ― | 0.05% | 16.27% | 13.70% | |
55 Neutral | ₹991.88B | 75.79 | ― | 0.13% | -42.13% | 48.75% |
Life Insurance Corp. of India Corporate Events
Life Insurance Corporation of India has received a demand order from the Deputy Commissioner of State Tax in Mumbai for Goods & Service Tax, interest, and penalties amounting to over INR 2,370 crore for the financial years 2021-22 to 2023-24. This demand arises from an alleged excess claim of Input Tax Credit. While the financial impact is substantial, the company states that there is no material effect on its operations or other activities.
Life Insurance Corporation of India has received a demand order for Goods & Service Tax, interest, and penalty from the Haryana State authorities, amounting to significant figures for the fiscal years 2018-19 to 2022-23. Despite the substantial amounts involved, LIC has stated that the financial impact of this demand will not materially affect its financials, operations, or other activities, indicating a stable position in handling such regulatory challenges.
Life Insurance Corporation of India has announced the appointment of Ms. Shalini Pandit as the Government Nominee Director on its board, effective December 3, 2025. Ms. Pandit, an experienced Indian Administrative Service officer, replaces Dr. Parshant Kumar Goyal. This change is expected to bring new perspectives to LIC’s board, potentially influencing its strategic direction and governance.
Life Insurance Corporation of India has announced the appointment of Shri Arindam Das Gupta as Executive Director (Investment – Front Office) and Senior Management Personnel, effective December 4, 2025. This strategic appointment is expected to enhance LIC’s investment operations, leveraging Das Gupta’s extensive experience in financial markets and his previous role as Director and CEO of LICHFL Asset Management Company Limited. This move could strengthen LIC’s market positioning and potentially improve investment performance, benefiting stakeholders.
Life Insurance Corporation of India has announced the appointment of Mr. Ramakrishnan Chander as its new Managing Director, effective December 1, 2025. Mr. Chander, with a rich experience of 35 years in marketing and administration within the corporation, will serve in this role until his retirement in September 2027. This leadership change is expected to influence LIC’s strategic direction and operational efficiency, potentially impacting its market positioning and stakeholder relations.
Life Insurance Corporation of India has updated the exchange about its participation in the JM Financial Flagship India Conference held on November 19, 2025, at The St. Regis, Mumbai. The company emphasized that no unpublished price-sensitive information was shared during the meet, which involved group and one-on-one meetings with investors. This engagement reflects LIC’s ongoing efforts to maintain transparency with stakeholders and strengthen its market presence.
Life Insurance Corporation of India has announced its participation in an investor meet organized by JP Morgan on November 24, 2025. This engagement reflects LIC’s ongoing efforts to maintain transparency and engage with institutional investors, potentially impacting its market perception and stakeholder relations positively.
Life Insurance Corporation of India recently participated in the Anand Rathi Institutional Equities Annual Flagship Conference, held virtually. During this event, the company ensured that no unpublished price-sensitive information was disclosed, maintaining compliance with regulatory standards and safeguarding stakeholder interests.
Life Insurance Corporation of India has announced the availability of an audio recording of a recent conference call with analysts and investors. This move is part of their compliance with SEBI regulations, aiming to enhance transparency and communication with stakeholders by making the recording accessible on their website.
Life Insurance Corporation of India has issued a clarification regarding a news article published by the Washington Post, which alleged that the corporation’s investment decisions in the Adani Group were influenced by external factors. LIC firmly denies these claims, stating that their investment decisions are made independently and in accordance with board-approved policies and regulatory guidelines. The corporation emphasizes its commitment to due diligence and the interests of its stakeholders, suggesting that the article’s claims are intended to damage its reputation and the integrity of India’s financial sector.