Lower natural catastrophe losses and accumulated fire insurance rate revisions outweighed persistent inflation in automobile claims across fiscal-year 2025, while overseas profit growth added support.
The reported bid follows a series of LIC investments across India's financial sector, including moves to increase its holdings in ICICI Bank and HDFC Bank.
AM Best affirmed CBIC's A- ratings and still assesses its balance sheet as very strong, but a single concentrated unquoted stake pulled the insurer's capital adequacy score down and the outlooks with...