LIC net profit drops 17% in Q4 to Rs 2,409 crore

State-run insurance giant Life Insurance Corporation of India (LIC) on May 30 reported a net profit of Rs 2,409 crore for the quarter ending March 2022, which was 17.41 percent lower as compared to Rs 2,917.33 crore reported in the year-ago period.

The company's net profit for the entire fiscal was reported as Rs 4,043.12 crore, which was 39.4 percent higher as compared to Rs 2,900.56 crore in FY21. The total revenue in Q4 FY22 came in at Rs 2,11,471 crore, which was 11.64 percent higher as compared to Rs 1,89,176 crore-revenue reported in the corresponding quarter last year.