LIC Q2FY26 net profit up by 31% At Rs 10,098 Crore

Life Insurance Corporation (LIC) on Thursday reported a consolidated net profit of Rs 10,098.48 crore for the second quarter of the financial year 2025-26 (Q2FY26), which is an increase of 31 per cent from Rs 7,728.68 crore during the same quarter last year.

LIC’s net profit amounted to Rs 21,040 crore, marking a 16.36 per cent increase year-on-year (Y-o-Y), in the first six months of FY26 (H1FY26).

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The insurer’s net premium income for the quarter stood at Rs 1,26,930.04 crore, increasing by 5.5 per cent Y-o-Y and 6.1 per cent sequentially. On a half-yearly basis, the total premium income increased by 5.14 per cent to Rs 2,45,680 crore.

“From a business perspective, during H1FY26, LIC has once again demonstrated the successful implementation of its strategy pertaining to both product and channel diversification, which we have been pursuing since our listing. The Non Par APE (annualised premium equivalent) share of the individual business for H1FY26 is 36.31 per cent as compared to 26.31 per cent for the similar period of the previous year,” LIC CEO & MD R Doraiswamy said.

Doraiswamy mentioned that the Banca and Alternate Channels’ share of individual new business premium (NBP) also grew 67.6 per cent, while the value of new business (VNB) increased by 12.30 per cent in H1 FY26 to reach Rs 5,111 crore.

“Our VNB margin has also expanded by 140 basis points (bps) to 17.6 per cent in H1FY26. While we expand our overall profitability through diversified product mix and channel mix, we are also working towards optimising costs, with our overall expense ratio for H1FY26 decreasing by 146 basis points to 11.28 per cent,” Doraiswamy said.