Life Insurance Corporation of India (LIC) has delivered another strong quarterly performance, with higher premium income and expanding assets driving a 31% year-on-year rise in consolidated net profit to Rs 10,098 crore for the September quarter.
The state-run insurer’s premium income rose 5.5% to Rs 1,26,930 crore from Rs 1,20,326 crore a year earlier, even as profit after tax declined 8% sequentially from Rs 10,957 crore in the June quarter, according to an ET report. The topline, however, registered a 6% quarter-on-quarter increase from Rs 1,19,618 crore in Q1FY26.
LIC’s first-year premium stood at Rs 10,884 crore in Q2FY26, up from Rs 7,566 crore in the previous quarter but slightly below Rs 11,245 crore in the year-ago period. Renewal premium climbed to Rs 65,320 crore, compared with Rs 60,179 crore in Q1FY26 and Rs 62,236 crore in Q2FY25. Single premiums came in at Rs 50,882 crore, lower than Rs 52,008 crore sequentially but higher than Rs 46,997 crore last year.
For the first half of FY26, PAT rose 16% year-on-year to Rs 21,040 crore, supported by a 5% increase in total premium income to Rs 2,45,680 crore. Individual Business Non-Par Annualised Premium Equivalent (APE) surged 30.47% to Rs 6,234 crore, with the Non-Par APE share in individual business climbing to 36.31% from 26.31% a year ago.
Group Business APE grew 20.30% to Rs 11,864 crore, and overall APE increased 3.6% to Rs 29,034 crore. The Value of New Business (VNB) rose 12.3% to Rs 5,111 crore, with the VNB margin improving by 140 basis points to 17.6%.
The insurer’s overall expense ratio fell 146 basis points to 11.28% in H1FY26 from 12.74% a year earlier. LIC’s assets under management increased 3.31% to Rs 57.23 lakh crore, while its solvency ratio strengthened to 2.13 from 1.98.
The state-run insurer’s premium income rose 5.5% to Rs 1,26,930 crore from Rs 1,20,326 crore a year earlier, even as profit after tax declined 8% sequentially from Rs 10,957 crore in the June quarter, according to an ET report. The topline, however, registered a 6% quarter-on-quarter increase from Rs 1,19,618 crore in Q1FY26.
LIC’s first-year premium stood at Rs 10,884 crore in Q2FY26, up from Rs 7,566 crore in the previous quarter but slightly below Rs 11,245 crore in the year-ago period. Renewal premium climbed to Rs 65,320 crore, compared with Rs 60,179 crore in Q1FY26 and Rs 62,236 crore in Q2FY25. Single premiums came in at Rs 50,882 crore, lower than Rs 52,008 crore sequentially but higher than Rs 46,997 crore last year.
For the first half of FY26, PAT rose 16% year-on-year to Rs 21,040 crore, supported by a 5% increase in total premium income to Rs 2,45,680 crore. Individual Business Non-Par Annualised Premium Equivalent (APE) surged 30.47% to Rs 6,234 crore, with the Non-Par APE share in individual business climbing to 36.31% from 26.31% a year ago.
Group Business APE grew 20.30% to Rs 11,864 crore, and overall APE increased 3.6% to Rs 29,034 crore. The Value of New Business (VNB) rose 12.3% to Rs 5,111 crore, with the VNB margin improving by 140 basis points to 17.6%.
The insurer’s overall expense ratio fell 146 basis points to 11.28% in H1FY26 from 12.74% a year earlier. LIC’s assets under management increased 3.31% to Rs 57.23 lakh crore, while its solvency ratio strengthened to 2.13 from 1.98.
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