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What LIC Investors Need to Know About the LIC Dividend Announcement and Q4 Results

Dividend announced by LIC: Subject to approval by shareholders, state-run insurance behemoth Life Insurance Corporation of India (LIC) declared a dividend of Rs. 1.50 per equity share with a face value of Rs. 10 for the fiscal year 2021–2022 (FY22). "The Board of Directors has proposed a dividend of Rs 1.50 per equity share with a face value of Rs 10 each for the year ended March 31, 2022," a regulatory statement stated. "This proposal is subject to the approval of shareholders in the AGM."

The insurance giant's mega-IPO had a muted reception, prompting the suggestion for a dividend (IPO). After a weak debut compared to the issue price of Rs 949, the stock has dropped to an all-time low of Rs 801.55. The shares completed trading on Monday at Rs. 837.05, a price that was less than 12% of the IPO price.

Stock market professionals claim that LIC shares are high-quality stocks with solid fundamentals for investors wishing to start new positions. They suggested that new investors wait for a further decline before beginning to accumulate at about Rs 800 levels while keeping their stop loss at Rs 735 per unit level.

Additionally, LIC, which was listed earlier this month, recently announced its initial results. The company's share price, which was Rs 949 at issue, is still below where it is currently trading. For the quarter ended March 2022, it declared a net profit of Rs 2,409 crore, 17.41% less than the Rs 2,917.33 crore reported for the same quarter a year earlier.

The company posted a net profit of Rs 4,043.12 crore for the entire fiscal, a 39.4% increase over the Rs 2,900.56 crore in FY21.

The overall revenue for the fourth quarter of FY22 was Rs 2,11,471 crore, which was 11.64% more than the Rs 1,89,176 crore revenue reported in the same quarter of FY21.

The business also said that during the quarter under review, its net premium income increased to Rs. 1,44,158.84 crore. This represented a rise of 17.88% compared to the Rs 1,22,290.64 crore reported in Q4 FY21.

According to LIC, first-year premium revenue increased to Rs 14,663.19 crore, a 32.65% YoY increase. The income increased by 33.70% to Rs 58,250.91 crore from a single premium and by 5.37% to Rs 71,472.74.05 crore from the renewal premium.

At the end of Q4 FY22, the 13-month persistency ratio—a crucial indicator of the flow of renewal premiums from policyholders—was 69.24%, down from 73.94% in the same quarter last year.

Due in large part to the geopolitical concerns caused by the Russia-Ukraine war, the much-anticipated LIC IPO (initial public offer) debuted at a price roughly 8% below its issue price.

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