More Stories

Informist, Thursday, May 21, 2026

 

Please click here to read all liners published on this story

--LIC Jan-Mar net profit INR 234.20 bln 
--LIC Jan-Mar net premium income INR 1.65 tln 
--LIC Jan-Mar net profit INR 234.20 bln vs INR 190.13 bln year ago 
--LIC Jan-Mar net premium income INR 1.65 tln vs INR 1.48 tln year ago 
--LIC to pay INR 10 per share final dividend 
--LIC final dividend record date Jun 25 
--LIC sets 1-for-1 bonus share issue record date May 29 
--LIC FY26 net profit INR 574.19 bln vs INR 481.51 bln year ago 
--LIC FY26 net premium income INR 5.36 tln vs INR 4.88 tln year ago 
--LIC solvency ratio at 2.35 times on Mar 31 vs 2.11 times year ago 
--LIC 13th mo persistency 67.77% on Mar 31 vs 69.36% qtr ago, 68.62% yr ago 
--LIC 61st mo persistency 54.13% on Mar 31 vs 54.63% qtr ago, 58.54% yr ago 
--LIC Jan-Mar first year premiums INR 129.70 bln vs INR 110.69 bln yr ago 

 

By Vaishali Tyagi

 

NEW DELHI – State-owned insurer Life Insurance Corp. of India Ltd. reported a double-digit on-year net profit growth for the March quarter, driven by robust net premium income and net income from investments.

 

The insurer's net profit rose over 23% on year to INR 234.20 billion in the March quarter. The net profit was up nearly 81% sequentially. LIC's net premium income for the reporting quarter rose nearly 12% on year and over 31% sequentially to INR 1.65 trillion. The net income from investments increased by over 17% on year and by over 1% quarter on quarter

to INR 1.09 trillion.

 

The insurer's total income was INR 2.77 trillion in the March quarter, up nearly 15% from INR 2.42 trillion in the corresponding quarter a year ago. It was up over 18% sequentially.  

 

LIC announced a final dividend of INR 10 per share and set Jun. 25 as the record date. On Thursday, shares of the life insurer closed nearly flat at INR 800.20 on the National Stock Exchange. The company announced its earnings after market hours. The state-owned insurer announced a one-for-one bonus issue of equity shares and set May 29 as the record date. 

 

The insurance company's first-year premium for the March quarter was INR 129.70 billion, up over 17% on-year and 22% on quarter. 

 

A significant increase in management expenses limited the rise in the company's bottom line. The company's management expenses rose over 25% on year and nearly 33% sequentially to INR 206.41 billion.  

 

LIC reported an improvement in its solvency ratio to 2.35 times as of Mar. 31 from 2.11 times a year ago. The insurer's persistency ratio for the 13th month was 67.77% as of Mar. 31, down from 68.62% a year ago. The persistency ratio for the 61st month was 54.13% as of Mar. 31, down from 58.54% a year ago and 54.63% a quarter ago.

 

For 2025–26 (Apr-Mar), the company reported a net profit of INR 574.19 billion, up 19% from INR 481.51 billion a year ago. The net premium income for the year was INR 5.36 trillion, up 10% from INR 4.88 trillion in the previous year. 

 

As of Mar. 31, the company's assets under management were at INR 57.29 trillion, up over 5% from INR 54.52 trillion a year ago. In FY26, the insurer's individual new business premium stood at INR 676.76 billion, up over 8% on year.

 

The individual renewal premium income for the year ended Mar. 31 was INR 2.72 trillion, registering an increase of 5.9% on year. The group business total premium income for year ended Mar. 31 was INR 1.97 trillion, up 16.3% on year. The company's total gross non-performing assets ratio fell to 1.21% as of Mar. 31 from 1.46% from a year ago. 

 

On an annualised premium equivalent basis, the total premium was INR 669.61 billion in FY26. Of this 64.72% was accounted for by the individual business and 35.28% by the group business. Within the individual business, the share of par products on annualised premium equivalent basis was 64.89%. The individual non par annualised premium equivalent increased to INR 152.14 billion in FY26, up 43.8%.  End

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.