LIC Q4 FY26 Results: Net Profit Jumps 23% To ₹23,467 Crore

State-owned insurance giant Life Insurance Corporation of India (LIC) reported a strong Q4 FY26 performance, driven by premium growth, higher investment income and improved profitability metrics. The insurer posted a 23% year-on-year rise in consolidated net profit at ₹23,467 crore for the quarter ended March 2026, compared to ₹19,039 crore in the corresponding period last year.

The board of LIC also recommended a final dividend of ₹10 per equity share of face value ₹10 each for FY26, subject to shareholder approval. The record date for the dividend has been fixed as 25 June 2026.

On 22 May 2026, at around 12:40 PM, LIC shares were trading at ₹818.00, up 2.22% on the National Stock Exchange (NSE).

Premium Growth And Business Performance

LIC’s net premium income during the March quarter increased around 11.5% to ₹1.65 lakh crore, supported by strong growth in both individual and group businesses. One-time premiums rose 21.5%, while first-year premium collections from new policies grew nearly 17% year-on-year.

A key highlight of the quarter was the sharp improvement in new business profitability. The value of new business (VNB) surged 41.63% to ₹14,179 crore, while the VNB margin improved to 21.2% from 17.6% a year ago. The growth was aided by LIC’s increasing focus on high-margin non-participating products. The share of non-par products in individual businesses rose to 35.11% in FY26 compared to 27.69% in FY25.

The insurer’s annualised premium equivalent (APE), a crucial measure of new business performance, climbed nearly 22% to ₹22,954 crore in Q4 FY26. Group business APE reportedly rose 37%, reflecting strong traction in corporate and institutional insurance demand.

Solvency Ratio, AUM And FY26 Performance

LIC’s financial strength also improved during the quarter. The solvency ratio stood at 2.35 compared to 2.11 a year ago, while gross non-performing assets declined sequentially to 1.21% from 1.31%. Assets under management (AUM) increased 5.1% year-on-year to ₹57.3 lakh crore.

For the full financial year FY26, LIC reported a record consolidated net profit of ₹57,419 crore, up 19.25% year-on-year. Total premium income for the year rose 9.8% to ₹5.36 lakh crore.

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LIC also remained in focus due to its first-ever 1:1 bonus share issue. The insurer has fixed 29 May 2026 as the record date for the bonus allotment, with 1 June set as the deemed allotment date.

Sources:

The Economic Times

NDTV Profit

Reuters