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”Once completed and after requisite approvals, the required public disclosures of the same, will be made in this regard, by LIC of India. As of now, we expect the required public disclosures, to be made by July 15,” it said.
The Embedded Value (EV) is a measure of the consolidated value of shareholders’ interest in the life insurance business. It represents the worth of shareholders’ interests in the earnings distributable from the assets allocated to the business after sufficient allowance for the aggregate risks in the business.
LIC’s embedded value was pegged at about Rs 5.4 lakh crore as on September 30, 2021 by international actuarial firm Milliman Advisors. Last month, the government raised about Rs 20,500 crore by diluting its 3.5 percent stake in the insuer through the biggest ever IPO.
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On a consolidated basis, the profit after tax dropped 17 per cent to Rs 2,409 crore for the fourth quarter ended March 2022 from Rs 2,917 crore in the same quarter a year ago.