LIC Q4 Results Review - Breaking Free From Low Double-Digit RoEV Difficult: Yes Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.The value of new business margin of Life Insurance Corporation of India for FY24 amounts to 16.8% compared with 16.2% in FY23, implying a 60 basis points improvement YoY. The share of non-par within individual business for FY24 has improved by 943 bps YoY to 18.32%. However, there has been a decline in the Par and Group margin. One of the factors is the southward movement of risk-free rate, which impacted all segments negatively. The other factor, which impacted Group business margin negatively, is the revision of annuity rates, with more benefits being given. There is also significant competitive pressure in Group business. Furthermore, there was a lot of deficit in the Group business, which was made good with the Group funded business, which typically has lower margin. There is a conscious strategy to balance growth with margin. For the quarter, calculated VNB margin for Q4 FY24 declined -280 bps QoQ to 17.2%..Click on the attachment to read the full report:.LIC Q4 Results Review - VNB Margin Contracts 220 Basis Points YoY: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

LIC Q4 Results Review - Breaking Free From Low Double-Digit RoEV Difficult: Yes Securities

Growth improves but higher margin expansion held back

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LIC Q4 Results Review - Breaking Free From Low Double-Digit RoEV Difficult: Yes Securities

Growth improves but higher margin expansion held back

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