LIC Delivers A Steady Q3: Profit Rises, Premium Growth Supports Results

The Life Insurance Corporation of India (LIC) posted resilient Q3 FY26 results, underscoring the strength of its core operating momentum across its key business lines. The quarter reflected improving business quality and sustained traction in customer additions, even as competitive intensity in the insurance market remained high.

How Did LIC’s Revenue And Profit Perform In Q3?

During the quarter ended 31 December, 2025, LIC's consolidated net profit grew by 17% YoY to ₹12,930 crore, compared to the same period last year, when it was ₹11,008 crore.

Net premium income in Q3 FY26 stood at ₹1.26 lakh crore, marking a 17% rise from ₹1.07 lakh crore in the same quarter last year. This growth reflects strong momentum in premium collections, driven by steady customer additions.

What Were The Operational Highlights In Q3?

On an Annualised Premium Equivalent (APE) basis, LIC's total premium was ₹44,007 crore for the nine months ended 31 December 2025. Of this, ₹27,552 crore came from individual businesses and ₹16,455 crore from group businesses, indicating that both continue to contribute.

Within the individual business, products with guaranteed returns (Par products) accounted for ₹17,507 crore of APE, while non-Par products contributed ₹10,045 crore. The non-Par component grew faster than in the same period last year.

Other Key Metrics From The Quarter

LIC’s Value of New Business (VNB) for the nine months ending 31 December 2025 is ₹8288 crore, which is higher than ₹6477 crore of the previous year, indicating a better new business value. The Net VNB margin has grown to 18.8% compared with 17.1% a year earlier.

By 31 December, 2025, the company's solvency ratio was 2.19, up from 2.02 for the same period last year, further affirming a strong overall financial position. The assets under management (AUM) increased to ₹59,16,680 crore, which is 8.01% higher than the previous year, which points to an increase in the investment book of LIC.

Takeaways For Investors

Q3 FY26 performance shows that LIC has experienced strong growth in premium, net profit, and value of new business, suggesting future demand for life insurance products in both individual and group life insurance categories.

LIC has sustained momentum across market cycles by sharpening execution and expanding both volumes and product distribution. This strategic shift strengthens its ability to absorb demand fluctuations and pricing pressures, improving resilience in a changing insurance landscape.

LIC’s performance demonstrates a more positive policy environment surrounding the life insurance market. The improved sentiment across the industry has been assisted by regulatory reforms as well as tax data - especially changes surrounding GST 2.0 - these have allowed for improved growth in customer uptake among insurers.

Sources

Times of India

Business Standard