LIC Ltd. declared a final dividend of Rs 20 per equity share, consisting of a dividend of Rs 10 per share and a bonus issues of Rs 10, amid the announcement of its financial results for the fourth quarter of fiscal 2025-26, as per an exchange filing from the company on Thursday.
The record date for determining the eligibility of the investors for the dividend's payout is on June 25.
ALSO READ: LIC Bonus Issue: Insurer Sets Record Date For 1:1 Allotment Of Additional Shares; Check Record Date
The insurance company further fixed May 29 as the record date for its 1:1 bonus issue. The deemed date of allotment of bonus equity shares will be June 1, 2026.
The company, on Monday received shareholder nod for the the allotment of fully paid-up bonus equity shares worth Rs 6,352 crore.
The company's net profit was up 23% year-on-year to Rs 23,420 crore compared to Rs 19,013 crore in the preceding financial year. The firm's net premium income increased 12% year-on-year tp Rs 1.7 lakh crore, in comparison to Rs 1.5 lakh crore in the previous fiscal.
LIC Q4 Highlights (Cons, YoY)
- Net Profit Up 23.2% At Rs. 23,420 crore Vs Rs. 19,013 crore
- Net Premium Income Up 11.6% At Rs. 1.7 lakh crore Vs Rs. 1.5 lakh crore
Operational Ratios & Asset Quality
- Solvency Ratio At 2.35% Vs 2.11% (Vs 2.19% QoQ)
- 13th Month Persistency Ratio At 67.77% Vs 68.62% (Vs 69.36% QoQ)
- Gross NPA At 1.21% Vs 1.31% QoQ
- Assets under managemet up 5.1% At Rs 57.3 lakh crore
- Value of New Business up 41.63% to Rs 14,179 crore
Share price of Life Insurance Corp. saw a 0.04% to trade at Rs 800.20, at the end of the day's trading hours, compared to a 0.02% downturn in the NSE Nifty 50.
ALSO READ: LIC Q4 Results: Net Profit Rises 23%, Asset Quality Improves; Dividend Declared
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