LIC Q1 Results: Profit Rises 23% YoY to Rs 13,492 Crore, NPI up 7%
The state-owned insurer said value of new business rose 61% to Rs 3,136 crore as its market share in first-year premium income held at 60.10%.
- Life Insurance Corporation of India posted a 23% rise in net profit to Rs 13,492 crore for the June quarter, driven by higher premium income and a surge in the value of new business.
- Total premium income for the state-owned insurer increased 6.75% year-on-year to Rs 1,27,250 crore, while value of new business grew 61% to Rs 3,136 crore with VNB margins expanding 7.5% to 22.90%.
- LIC maintained a 60.10% overall market share by first-year premium income while Assets Under Management rose 4.10% to Rs 59,39,384 crore, with the insurer selling over 3.1 million individual policies during the quarter.
- Shares of LIC traded higher on Thursday despite broader market declines, following the government's recent sale of a 6.5% stake to meet the Securities and Exchange Board of India mandate of 10% minimum public shareholding.
- CEO and MD R. Doraiswamy plans innovative product launches for LIC's 70th anniversary on September 1, 2026, noting the government has five years to work out further divestment plans ahead of the 2032 deadline.
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LIC Q1 profit surges 23% on growth in value of new business
Life Insurance Corporation of India reported a twenty-three percent net profit rise. Value of new business jumped sixty-one percent, boosting profitability margins significantly. Diversification into non-participating savings and protection products aided this strong performance. The insurer's solvency ratio strengthened, and assets under management also increased. Government's recent offer for sale was well received by the market.
LIC Q1 Results: Profit rises 23% YoY to Rs 13,492 crore, NPI up 7%
LIC Q1 Results: India's leading insurer Life Insurance Corp (LIC) on Thursday reported a 23% year-on-year (YoY) growth in its standalone net profit at Rs 13,492 crore in the first quarter of FY27, compared with Rs 10,986 crore a year ago.
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