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LIC Q4 Results Review: APE Decline Continues; VNB Margin Expands; Motilal Oswal Maintains 'Buy'
LIC management expects premium growth to recover soon, although the reduction in the number of policies issued may take longer to stabilize, adds Motilal Oswal
28 May 2025, 12:00 PM IST 
LIC's VNB margin expanded to 18.7% YoY from 17.2% in Q4 FY24 but was lower than expectation of 20.1%.
(Photographer: Vijay Sartape/NDTV Profit)
In Q4 FY25, LIC reported a net premium income of Rs 1.5 trillion, which declined 3% YoY. For FY25, net premium income grew 3% YoY to Rs 4.9 trillion. Renewal premium grew 2% YoY to Rs 791 billion. New business APE declined 11% YoY to Rs 189 billion (8% beat). For FY25, the performance was flattish YoY, with APE at Rs 568 billion.
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