Latest news with #LifeInsuranceCorporation
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Business Standard
18 hours ago
- Business
- Business Standard
Stock Market LIVE: GIFT Nifty signals higher open; Asia markets up on US-China trade talk hopes
Sensex Today | Stock Market LIVE on Tuesday, June 10, 2025: At 6:35 AM, GIFT Nifty futures were trading 48 points higher at 25,229, indicating a higher start for the bourses. 7:15 AM Stock Market LIVE Updates: Debt funds now look to accruals as interest rate cut cycle peaks Stock Market LIVE Updates: With the interest rate cut cycle nearing its end, several debt fund managers are shifting their focus towards interest income rather than betting on duration in anticipation of capital gains. Debt funds, especially those mandated to invest in longer-dated bonds, have delivered outsized returns in the past two to three years as rate cuts, favourable demand-supply dynamics, and the macroeconomic environment led to a sharp decline in yields across the curve. A decline in yields is positive for bondholders, as it leads to capital gains. However, fund managers and experts say that the room for a further decline in yields is now limited, given that the easing cycle is likely to have run its course. READ MORE 7:13 AM Stock Market LIVE Updates: New business premium of life insurers in May grows around 13%, shows data Stock Market LIVE Updates: New business premium (NBP) of life insurers grew by 12.68 per cent year-on-year (Y-o-Y) to ₹ 30,463 crore in May, driven by healthy growth in the private sector. State-owned Life Insurance Corporation (LIC) recorded a 10.3 per cent Y-o-Y growth in NBP to ₹ 18,405.05 crore, while private-sector life insurers posted a 16.6 per cent rise to ₹ 12,058 crore, according Life Insurance Council data. Among major private players, SBI Life Insurance's premium rose 25.33 per cent Y-o-Y to ₹ 2,950 crore, HDFC Life grew 33 per cent to ₹ 3,022 crore, and ICICI Prudential Life increased 6.79 per cent to ₹ 1,407.25 crore. Axis Max Life Insurance saw a 25.5 per cent rise to ₹ 845.79 crore. 7:10 AM Stock Market LIVE Updates: Near-term volumes and margins for Bosch likely to remain under pressure Stock Market LIVE Updates: The performance of auto component major Bosch for the fourth quarter of 2024-25 (Q4FY25) was better than Street estimates. The outperformance was largely led by strong revenue growth, with most business segments contributing to its overall growth. While there are medium- to long-term triggers, especially on the margin front, the Street is cautious on the near-term outlook. This is due to a muted outlook for most segments. The 21 per cent gain of the stock over the past three months also caps the upside potential. The company posted a revenue growth of 16 per cent, and this was largely led by the 14.9 per cent growth in the mobility business. Within the mobility segment, power solutions saw a growth of 16.9 per cent year-on-year (Y-o-Y) riding on higher demand for diesel components, particularly off-highway as well as electric and vehicle control parts. READ MORE 7:08 AM Stock Market LIVE Updates: Markets regulator Sebi on Monday proposed to revise the existing frequently asked questions (FAQs) and introduce additional ones to incorporate consequential and regulatory changes arising from recent amendments to the Research Analysts (RA) norms. In this regard, Sebi has floated a consultation paper on a draft circular comprising updated FAQs related to the regulatory provisions for Research Analysts (RAs). The draft is aimed at inviting public feedback and providing further clarity on various provisions applicable to RAs in a question-and-answer format. 7:06 AM Stock Market LIVE Updates: Power utilities: Valuations down on likely dim show in first half of FY26 Stock Market LIVE Updates: The power sector had a modest FY25 and may see a muted H1FY26. There was 3 per cent year-on-year (Y-o-Y) growth in power demand in FY25, over a high base (7.8 per cent Y-o-Y growth in FY24). Unseasonal rains in May 2025 will impact demand in H1FY26. There was a capacity addition of 33 Gw of installations in FY25, led by the renewable energy (RE) sector (29 Gw). However, earnings per share (EPS) growth missed estimates due to slow execution in commissioning new capacities and lower merchant tariffs. READ MORE 7:04 AM Stock Market LIVE Updates: Sebi offers settlement window to stock brokers in algo trading case Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) on Monday announced a settlement scheme for stock brokers associated with certain algorithmic trading (algo) platforms that were found to be in violation of regulatory norms. The matter pertains to regulatory scrutiny faced by over 100 brokers for their association with algo platforms that allegedly promised guaranteed returns. It was alleged that the brokers had allowed the application programming interfaces (APIs) of algo provider TradeTron — which claimed to offer assured returns — to be used by their clients. READ MORE 7:02 AM Stock Market LIVE Updates: From non-negotiable to liberal: India sets agri tariff tiers for US Stock Market LIVE Updates: In its delicate negotiations on agricultural items under the proposed trade deal with the United States (US), India has drawn clear red lines, categorising its farm commodities into three distinct buckets — non-negotiable, very sensitive, and liberal — based on their economic and political sensitivity, said a government official. Staples such as rice and wheat fall under the non-negotiable category, where no tariff concessions will be entertained. Very sensitive items — such as apples, which carry political weight and are closely tied to farmer interests in states like Himachal Pradesh and Uttarakhand — may face restricted concessions, possibly through minimum import prices (MIP) or tariff-rate quotas. However, for high-value, niche imports largely consumed by India's affluent — including almonds, pistachios, walnuts, and blueberries — New Delhi is taking a liberal approach, signalling a readiness to drastically reduce tariffs as part of a broader give-and-take on trade. 6:59 AM Stock Market LIVE Updates: US markets end mixed
Economic Times
29-05-2025
- Business
- Economic Times
LIC shares surge 8% on strong guidance and VNB margin growth
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Life Insurance Corporation shares soared almost 8% on Wednesday- the highest single-day gain since December 2023-after the state-run insurer's strong guidance sparked fresh investor interest "The improvement in value of new business (VNB) margins was a surprise for the street and the management confidence in growth led to the uptick in LIC shares today," said Saurabh Patwa, head of research at Quest Investment Advisors. Value of New Business captures the present value of profits expected from new insurance policies net premium income declined but the VNB margins expanded, due to the regulatory changes in the last six months, said Sneha Poddar, vice-president - equity research, Motilal Oswal Financial Services The stock closed at ₹940 on Wednesday. The benchmark Nifty dropped 0.3%."LIC has not participated in the rally in insurance stocks , compared with its peers which indicates that there can be good momentum in the near term," said Poddar. "However, since it's a PSU stock, the momentum is not expected to be on the same level as the private players."In the last year, LIC's shares fell 7.4% while benchmark Nifty gained 8.2% in the same period. Patwa said LIC shares are trading at 0.6 times Price to Embedded Value (EV) - a valuation measure for insurance companies - which makes the valuations said the regulatory changes have settled down and the company has come up with revised products, that could lead to recovery in premium growth."The initiatives taken by the insurer post listing are beginning to bear fruits, but volume growth, adverse regulations and interest rate volatility would be key to watch," said Patwa.
Time of India
29-05-2025
- Business
- Time of India
LIC shares surge 8% on strong guidance and VNB margin growth
Mumbai: Life Insurance Corporation shares soared almost 8% on Wednesday- the highest single-day gain since December 2023-after the state-run insurer's strong guidance sparked fresh investor interest . "The improvement in value of new business (VNB) margins was a surprise for the street and the management confidence in growth led to the uptick in LIC shares today," said Saurabh Patwa, head of research at Quest Investment Advisors. Value of New Business captures the present value of profits expected from new insurance policies written. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The net premium income declined but the VNB margins expanded, due to the regulatory changes in the last six months, said Sneha Poddar, vice-president - equity research, Motilal Oswal Financial Services . The stock closed at ₹940 on Wednesday. The benchmark Nifty dropped 0.3%. "LIC has not participated in the rally in insurance stocks , compared with its peers which indicates that there can be good momentum in the near term," said Poddar. "However, since it's a PSU stock, the momentum is not expected to be on the same level as the private players." Live Events In the last year, LIC's shares fell 7.4% while benchmark Nifty gained 8.2% in the same period. Patwa said LIC shares are trading at 0.6 times Price to Embedded Value (EV) - a valuation measure for insurance companies - which makes the valuations attractive. Poddar said the regulatory changes have settled down and the company has come up with revised products, that could lead to recovery in premium growth. "The initiatives taken by the insurer post listing are beginning to bear fruits, but volume growth, adverse regulations and interest rate volatility would be key to watch," said Patwa.
Economic Times
29-05-2025
- Business
- Economic Times
Life Insurance Corporation: LIC shares surge 8% on strong guidance and VNB margin growth
ADVERTISEMENT ADVERTISEMENT Mumbai: Life Insurance Corporation shares soared almost 8% on Wednesday- the highest single-day gain since December 2023-after the state-run insurer's strong guidance sparked fresh investor interest "The improvement in value of new business (VNB) margins was a surprise for the street and the management confidence in growth led to the uptick in LIC shares today," said Saurabh Patwa, head of research at Quest Investment Advisors. Value of New Business captures the present value of profits expected from new insurance policies net premium income declined but the VNB margins expanded, due to the regulatory changes in the last six months, said Sneha Poddar, vice-president - equity research, Motilal Oswal Financial Services The stock closed at ₹940 on Wednesday. The benchmark Nifty dropped 0.3%."LIC has not participated in the rally in insurance stocks , compared with its peers which indicates that there can be good momentum in the near term," said Poddar. "However, since it's a PSU stock, the momentum is not expected to be on the same level as the private players."In the last year, LIC's shares fell 7.4% while benchmark Nifty gained 8.2% in the same period. Patwa said LIC shares are trading at 0.6 times Price to Embedded Value (EV) - a valuation measure for insurance companies - which makes the valuations said the regulatory changes have settled down and the company has come up with revised products, that could lead to recovery in premium growth."The initiatives taken by the insurer post listing are beginning to bear fruits, but volume growth, adverse regulations and interest rate volatility would be key to watch," said Patwa.
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Business Standard
28-05-2025
- Business
- Business Standard
LIC eyes higher non-par product mix to boost margins post Q4 surge
State-owned Life Insurance Corporation (LIC) will continue to focus on increasing the share of non-participating products in its product mix to grow its margin further. Shares of the state-owned insurer gained over 8 per cent on Wednesday on the BSE after the insurer reported a good set of numbers for the fourth quarter of the financial year 2024-25 (Q4FY25). The shares closed 8.21 per cent at ₹942.55. Brokerage houses also maintained a bullish stance, owing to the insurer's plans to improve their margins. According to analysts at Motilal Oswal, LIC continues to maintain its industry-leading position and is focused on achieving growth recovery through wider product offerings, higher ticket size, a shift in the product mix toward non-par. Expansion of the agency channel, and a higher contribution from bancassurance and alternate channels will also aid recovery. Further, improvement in rider attachment, along with an increase in contribution from higher margin products, will boost VNB margin for the insurer. The analysts have reiterated a 'buy' stance on the stock. The total number of agents of LIC stood at nearly 1.49 million. The insurer logged net addition of over 72,000 agents during FY25, leading to market share of 47.6 per cent based on the number of agents. Analysts at Emkay Global Financial Services also noted the management's plans to expand the share of non-par, and value of new business (VNB) margin, which could be offset by the company's annualised premium equivalent (APE) growth. 'To bake in the Q4 developments, we tweak our FY26-27 estimates which leads to about 1- 2 per cent cut in APE and around 10bps increase in VNB margin, resulting in around 1-2 per cent cut in VNB,' analysts said. During the quarter, the profitability margin, VNB margin, improved to 18.7 per cent in Q4FY25 from 17.21 per cent in Q4 FY24. The net profit of the life insurer rose 38 per cent to ₹19,013 crore. The net premium income slipped 3 per cent to ₹1.48 trillion. The APE was down 10.98 per cent Y-o-Y to ₹18,953 crore, which was partially attributed to the change in product regulations introduced on October 1, 2024. The company's gross non-performing assets (NPAs) improved, dropping 55 basis points to 1.46 percent during the quarter.
