NEW DELHI: State-owned insurer LIC on Friday reported net profit of Rs 7,621 crore for the quarter ended September 30, on lower other income.
The country's biggest insurer had reported a net profit of Rs 7,925 crore in the year-ago period, LIC said in a regulatory filing.
Its net premium income eased to Rs 1,19,901 crore in the second quarter of the current fiscal, from Rs 1,07,397 crore in the same period a year ago.
LIC reported other income of Rs 145 crore against Rs 248 crore in the same quarter in the previous year.
The total income of the insurer rose to Rs 2,29,620 crore in the latest September quarter, compared to Rs 2,01,587 crore in the year-ago period, it said.
Total expenses rose to Rs 2,22,366 crore in the quarter against Rs 1,94,335 crore in the same period a year ago.
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