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

Net assets on the balance sheet as of March 2024 : $9.94 Billion USD

According to Life Insurance Corporation of India (LIC)'s latest financial reports the company has $9.94 Billion USD 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	$$5.64 B	273.59%
2022-03-31	$$1.51 B	58.93%
2021-03-31	$$0.95 B	552.86%
2020-03-31	$$0.14 B	12.69%
2019-03-31	$$0.12 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