The country's largest insurance company, Life Insurance Corporation of India (LIC), has made a profit of Rs 116 crore per day in the first quarter. On the other hand, the company's revenue has also crossed Rs 2 lakh crore. Apart from this, there has also been an increase in the income from premium. The happy thing for the company is that the customers who had left their policy or were not paying the premium have also returned in this quarter. There has also been an increase in the income after renewing the policy by them. Let us also tell you what kind of figures LIC has presented in its quarterly results.

Increase in profits and revenue

The net profit of the country's largest insurance company increased 10 percent year-on-year to Rs 10,461 crore in the April-June quarter of the current financial year. The company's net profit was Rs 9,544 crore in the same quarter of the last financial year. The country's largest insurance company LIC said in a notice to the stock market on Thursday that its total income in the June quarter was Rs 2,10,910 crore, which was Rs 1,88,749 crore in the same quarter of the last financial year. The company said that in the quarter under review, the premium for the first year of the policy increased to Rs 7,470 crore, which was Rs 6,811 crore in the same period last year.?

Net income also increased

LIC earned Rs 56,429 crore from renewal premium of old policies in the first quarter of the current financial year, which was Rs 53,638 crore in the same period a year ago. LIC's net income from investments increased to Rs 96,183 crore in the June quarter, which was Rs 90,309 crore in the same quarter last year. LIC's solvency margin (ability to pay claims) ratio increased to 1.99 percent in the last quarter, which was 1.89 percent in the same quarter a year ago.

Company shares remained flat

If we talk about the company's shares, LIC's shares were flat on Thursday. On Thursday, the company's shares closed at Rs 1125.70 with an increase of Rs 1.80. The company's shares reached the day's low level of Rs 1,119.15 during the trading session. Currently, LIC is the second largest government listed company in the country after SBI. The company's market cap was seen at Rs 7 lakh crore.