Shares of Life Insurance Corporation of India (LIC) rise in response to its first-quarter (Q1) earnings, with multiple reports citing a year-on-year increase in profitability and improvements in premium collection. LIC reports a net profit of Rs 13,492 crore for the quarter, up from Rs 10,987 crore in the same period a year earlier, which sources describe as about a 23% growth on a year-on-year basis. The company’s net premium income also increases, reported at around Rs 1.27 lakh crore, reflecting about 7% growth year-on-year. Several outlets also note LIC’s continued position in the domestic life insurance market, citing regulatory data from IRDAI that places LIC at about a 60.1% share of first-year premium income. In line with the results, LIC shares gain roughly 2.5% to 3% during trading following the earnings announcement. Analysts’ reactions are referenced in at least one report, but the shared focus across sources is LIC’s Q1 profit growth, higher premium income, and market share leadership.