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India's state-owned life insurance giant, selling savings-linked and protection policies nationwide.
India's state-owned life insurance giant, selling savings-linked and protection policies nationwide.
Collects premiums, mostly through a vast agent network, and invests them chiefly in government bonds and also in shares, which makes it one of India's biggest domestic investors. Most of its business is with-profits savings policies, where policyholders share the surplus through bonuses. The government held all of it until the 2022 listing and still holds the majority.
In one line: India's MetLife / Prudential Financial, government-owned.
Moat: narrow (brand, distribution, installed base). Largest agent network and near-universal brand trust built over seven decades of state backing.
Headquarters: Mumbai, India · Founded: 1956 · Employees: 84,565
Size Life Insurance Corp. of India (LICI.NS) is an India Financials company (Life/Health Insurance) with a market value of $53.0B, the 10th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹394.00 on 6 Nov 2026.
Performance Over six months the shares fell 2.9%, against +21.5% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue grew 10.5% over the last twelve months (peer median +8.1%); the operating margin is 5.8% (peer median 14.1%).
Valuation It trades at 0.68× book value against a peer median of 1.40× (3rd cheapest of 18).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹9.94T | ₹9.81T | ₹8.89T | ₹8.54T | ₹7.92T |
| Revenue growth | — | +10% | +4% | +8% | — |
| Net income | ₹601B | ₹575B | ₹483B | ₹409B | ₹415B |
| Free cash flow | n/a | -₹273B | -₹99.2B | ₹258B | ₹536B |
| Capital expenditure | n/a | ₹11.2B | ₹7.77B | ₹7.68B | ₹8.86B |
| Total debt | n/a | ₹0 | ₹0 | ₹0 | ₹0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Life Insurance Corp. of India LICI.NS | $53.0B | -3% | +11% | 7% | 0.68× | 11.8% |
| HDFC Life Insurance HDFCLIFE.NS | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% |
| SBI Life Insurance SBILIFE.NS | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% |
| ICICI Life Insurance ICICILIFE.NS | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% |
| Bajaj Finserv BAJAJFINSV.NS | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LICI.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | +2.4% | 9th lowest of 19 |
| 6-month return | -2.9% | +21.5% | 3rd lowest of 19 |
| Return on equity | 7.5% | 13.4% | 4th lowest of 19 |
| Price / book | 0.68× | 1.40× | 3rd cheapest of 18 |
| Trailing P/E | 8.3× | 12.3× | 2nd cheapest of 19 |
| ROE the price implies | 11.8% | 8.3% | 6th most demanding of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Life Insurance Corp. of India LICI.NS | India | $53.0B | -3% | +11% | 7% | 0.68× | 11.8% | n/a |
| Cathay Financial Hldg 2882.TW | Taiwan | $47.0B | +42% | -16% | 15% | 1.40× | 7.0% | 14.6% |
| Prudential Financial PRU | United States | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% | 12.6% |
| Hannover Rueck HNR1.DE | Germany | $39.6B | +24% | -2% | 22% | 2.66× | 8.3% | 22.4% |
| Japan Post Hldgs 6178.T | Japan | $39.0B | +24% | 0% | 5% | 0.62× | 4.4% | 4.5% |
| Daiichi Life 8750.T | Japan | $39.0B | +18% | +17% | 14% | 1.34× | 8.1% | 13.6% |
| Manulife Financial MFC.TO | Canada | $72.2B | +13% | +18% | 13% | 2.22× | 13.0% | 12.9% |
| Talanx TLX.DE | Germany | $37.6B | +24% | +2% | 20% | 2.33× | 10.2% | 19.8% |
| Munchener Ruckversicherungs-Gesellschaft MUV2.DE | Germany | $80.3B | +22% | 0% | 21% | 2.13× | 9.0% | 21.4% |
| Swiss Life SLHN.SW | Switzerland | $33.0B | +14% | 0% | 20% | 4.25× | 15.4% | 20.0% |
| Bajaj Finserv BAJAJFINSV.NS | India | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% | 13.3% |
| Samsung Life 032830.KS | South Korea | $31.0B | -6% | +13% | 3% | 0.29× | 4.5% | 3.2% |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |