Now Reading: LIC VNB Jumps 61% as Brokerages Note Margin Gains
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LIC VNB Jumps 61% as Brokerages Note Margin Gains
Life Insurance Corporation of India’s value of new business rose 61% in the first quarter, according to NDTV Profit. Brokerages linked the sharp increase in value to a stronger product mix and…
The Story in Brief
Life Insurance Corporation of India’s value of new business rose 61% in the first quarter, according to NDTV Profit. Brokerages linked the sharp increase in value to a stronger product mix and improved yields, which also helped expand LIC’s value of new business margin.
Macquarie retained its Outperform rating on the insurer, while Bernstein kept its Market-perform rating. The brokerage views were reported alongside the quarterly review and reflect differing levels of confidence in LIC’s near-term performance. No other financial details were provided in the source.
The Indian Opinion
The easy story is that one sharp rise proves LIC’s turnaround is complete. The opposite claim, that brokerages see no improvement, is also inaccurate: Macquarie retained its Outperform view and Bernstein continued to rate the stock Market-perform. The useful test is whether product mix, yields and value of new business margins keep improving in the next quarter, rather than whether one 61% jump dominates the discussion.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
