trending Market Intelligence /marketintelligence/en/news-insights/trending/-iCr-2w7jCkIvgsBkh2y9Q2 content esgSubNav
In This List

Life Insurance Corp. of India's fiscal Q3 net profit drops 19.4% YOY

Blog

Perspectives from China: The Shifting Regulatory Landscape

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work


Life Insurance Corp. of India's fiscal Q3 net profit drops 19.4% YOY

Life InsuranceCorp. of India's net profit for the fiscal third quarter ended Dec.31, 2015, sank 19.4% year over year to 22.8 million rupees from 28.3 millionrupees.

Premiums earned rose to 618.02 billion rupees from 539.16billion rupees in the prior-year period. The insurer's operating expensesrelated to the insurance business declined to 52.40 billion rupees from 57.18billion rupees.

For the nine months to Dec. 31, 2015, net profit dipped to183.4 million rupees from 186.2 million rupees in the prior-year period.

As of Feb. 10, US$1was equivalent to 67.87 Indian rupees.