LIC vs ICICI Life Insurance: share price, P/E, ROE and financials compared
Life Insurance Corporation of India
ICICI Life Insurance
LIC and ICICI Life Insurance at a glance
LIC and ICICI Life Insurance are both listed in Financial Services. LIC is the larger by market cap, at ₹5.0L Cr against ₹63,695 Cr for ICICI Life Insurance (7.8 times as large). On valuation, LIC has the lower P/E (8.0× against 36.2×) and the lower price-to-book (2.82× against 4.35×). On returns and margins, LIC has the higher ROE (37.8% against 12.9%). Over three years, ICICI Life Insurance has faster 3-year profit growth (+25.5% against +16.9% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | LICLICI | ICICI Life InsuranceICICILIFE |
|---|---|---|
| Price (₹) | 394.00 | 438.90 |
| Market cap (₹ Cr) | 4,98,410 | 63,695 |
| P/E | 8.0× (the lower figure, shaded) | 36.2× |
| P/B | 2.82× (the lower figure, shaded) | 4.35× |
| Dividend yield, trailing | 2.54% (the higher figure, shaded) | 0.38% |
| ROE | 37.8% (the higher figure, shaded) | 12.9% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 6.5% (the higher figure, shaded) | 2.7% |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +16.9% | +25.5% (the higher figure, shaded) |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | – | 1,771 |
| 1Y return | −9.9% (the higher figure, shaded) | −29.6% |
| Promoter holding | 90.00% | 74.70% |
LIC vs ICICI Life Insurance: common questions
Which is bigger, LIC or ICICI Life Insurance?
By market cap, LIC is bigger at ₹5.0L Cr, against ₹63,695 Cr for ICICI Life Insurance (prices as of 6 Nov 2026).
Which has a lower P/E ratio, LIC or ICICI Life Insurance?
LIC trades at a P/E of 8.0× and ICICI Life Insurance at 36.2×. LIC has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, LIC or ICICI Life Insurance?
LIC reports a return on equity of 37.8% and ICICI Life Insurance 12.9%. LIC has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, LIC or ICICI Life Insurance?
Over the last three years: profit grew +16.9% a year at LIC and +25.5% at ICICI Life Insurance, so ICICI Life Insurance grew profit faster. Past growth doesn’t predict future growth.