Insurance · LICI
Finance - Insurance
from 388 today
LIC reported a strong 1QFY27 performance with absolute VNB growing 61% YoY and a 730bp YoY expansion in VNB margin to 22.9%. We reiterate BUY with a revised TP of INR480, premised on 0.6x FY28E EV.
Life Insurance Corporation of India delivered a strong margin-led beat in 1QFY27, driven by non-par savings growth and favorable business mix. Management expects mid-teens VNB margin in the medium term, leading to an 11% raise in FY27-28E VNB estimates and a revised target price of INR 530.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
