Earnings Impact: LIC shares jump 3% after Q1 net profit rises 9% YoY

Shares of Life Insurance Corporation (LIC), India’s largest insurer, surged 3% to Rs 1,159.60 on the BSE after reporting a Q1 net profit of Rs 10,544 crore for the quarter ended June 2024, a 9% increase year-on-year. Net premium income rose 16% YoY to Rs 1.14 lakh crore.