LIC reported a 5% increase in net profit to ₹10,986 crore, despite moderating capital gains from equity sales. The company’s core insurance operating profit remained strong, with a 20.75% rise in the value of new business. LIC aims for double-digit profit expansion and is focusing on growing its non-participating business, which now constitutes over 30% of its portfolio.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets