*Life Insurance Corporation of India. -S* | *CMP* Rs. 816 | *M Cap* Rs. 516088 Cr | *52 W H/L* 1222/804 (Nirmal Bang Retail Research) *Result is declining* Premiums earned came at Rs. 106891.5 Cr vs YoY Rs. 117016.9 Cr, QoQ Rs. 119901 Cr APE came at Rs. 9950 Cr vs YoY Rs. 13163 Cr, QoQ Rs. 16465 Cr Value of New Business came at Rs. 1926 Cr vs YoY Rs. 2634 Cr, QoQ Rs. 2941 Cr Value of New Business Margin (%) came at 19.4% vs YoY 20%, QoQ 17.9% PAT came at Rs. 11056.5 Cr vs YoY Rs. 9444.4 Cr (17.1% YoY) QoQ Rs. 7620.9 Cr Market Share came at 57.4% vs YoY 58.9%, QoQ 61.1% Embedded Value came at Rs. 862716 Cr vs YoY Rs. 703605 Cr, QoQ Rs. 821716 Cr 13th month persistency came at 76.66% vs QoQ 77.62% 61st month persistency came at 61.84% vs QoQ 61.46% Quarter EPS is Rs. 17.5 Stock is trading at 0.6x trailing M Cap/EV