Life Insurance Corporation of India (LIC) (LICI.NS)

Net assets on the balance sheet as of March 2024 : A$15.38 Billion

According to Life Insurance Corporation of India (LIC)'s latest financial reports the company has A$15.38 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Life Insurance Corporation of India (LIC) - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-03-31	$A$8.40 B	317.32%
2022-03-31	$A$2.01 B	61.17%
2021-03-31	$A$1.24 B	429.32%
2020-03-31	$A$0.23 B	29.44%
2019-03-31	$A$0.18 B

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Life Insurance Corporation of India (LIC) (LICI.NS) - Net assets