LIC FY22 net profit stood at 4,043.12 crore
- May 31, 2022, 10.00 AM
- DealMoney News Service
The Board of Directors of Life Insurance Corporation of India approved the consolidated financial results for the year ended March 31, 2022.
For the year ended March 31, 2022, LIC registered an increase of 6.1 per cent in the Net Premium Income at Rs. 4,27,419 crore as compared to Rs. 4,02,844 crore in the previous financial year ended
March 31, 2021.
The Profit after Tax (PAT) for the full year ended March 31, 2022 was Rs. 4,043.12 crore as against Rs. 2,900.57 crore for the year ended March 31, 2021, thereby registering an
increase of 39.39 per cent.
The solvency ratio for the year ended March 31, 2022 was 1.85 as against 1.76 for the period ended March 31, 2021.