Earnings Review
LIC Q3 PAT rises 17% on yr on robust premium income growth
This story was originally published at 18:45 IST on 5 February 2026
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--LIC Oct-Dec net profit INR 129.58 bln
--LIC Oct-Dec net premium income INR 1.26 tln
--LIC Oct-Dec net profit INR 129.58 bln vs INR 110.56 bln year ago
--LIC Oct-Dec net premium income INR 1.26 tln vs INR 1.07 tln year ago
--LIC Apr-Dec net profit INR 339.98 bln vs INR 291.38 bln year ago
--LIC solvency ratio at 2.19 times as on Dec 31 vs 2.02 times year ago
--LIC Apr-Dec net premium income INR 3.71 tln vs INR 3.41 tln year ago
--LIC 13th mo persistency 69.36% on Dec 31 vs 68.19% qtr ago, 68.61% yr ago
--LIC 61st mo persistency 54.63% as on Dec 31 vs 55.12% qtr ago, 59.69% yr ago
--LIC Oct-Dec first year premiums INR 106.05 bln vs INR 72.85 bln yr ago
By Shweta
MUMBAI – State-owned insurance behemoth Life Insurance Corp. of India Ltd. reported an on-year double-digit growth in its net profit for the December quarter on the back of robust net premium income and net income from investments.
The insurer's December quarter net profit was INR 129.58 billion, up over 17% on year and nearly 29% on quarter. Motilal Oswal Financial Services Ltd., the lone brokerage with an estimate on the company, had expected LIC's net profit to be INR 132.78 billion for the reporting quarter.
LIC's net premium income for the reporting quarter was INR 1.26 trillion, up nearly 18% on year but marginally lower sequentially. The net income from investments was INR 1.08 trillion, up 14% year on year but down 4% quarter on quarter. The insurer's total income was INR 2.34 trillion in the December quarter, up nearly 16% on year, but down over 2% sequentially.
The insurance company's first-year premium for the December quarter was INR 106.05 billion, up 46% from INR 72.85 billion a year ago.
The company's total expenses were INR 2.22 trillion, up over 16% on year but down 3% sequentially. The total expenses were fueled by the other operating expenses. The other operating expenses for the quarter were INR 37.39 billion, up over twofold on year and 92% higher on quarter.
LIC reported an improvement in its solvency ratio to 2.19 times as of Dec. 31 from 2.02 times a year ago. The insurer's persistency ratio for the 13th month was 69.36% as of Dec. 31, up from 68.61% a year ago and 68.19% a quarter ago.
The persistency ratio for the 61st month was 54.63% as of Dec. 31, down from 59.69% a year ago and 55.12% a quarter ago. Its assets under management were INR 59.17 trillion as of Dec. 31, up 8% year on year.
For the nine-month period ended December, LIC reported its net profit at INR 339.98 billion, up nearly 17% from a year ago. Its net premium income for Apr-Dec was INR 3.71 trillion, up 9% on year.
The insurance company's value of new business for the nine-month period ended December was INR 82.88 billion, up 28% on year. Its net value of new business margin rose 170 basis points on year to 18.8% in Apr-Dec.
Shares of the company Thursday ended at INR 839.75 apiece on the National Stock Exchange, up 0.5% from the previous close. The company announced its earnings after market hours. End
Edited by Saji George Titus
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