LIC Q1 Results: Life Insurance Corporation of India (LIC) on Thursday reported a consolidated net profit of Rs 10,957 crore for the first quarter of FY26, marking a 4 per cent increase over the same period last year. In the June quarter of FY25, the state-run insurer had reported a consolidated profit of Rs 10,544 crore.
On a standalone basis, LIC’s net profit rose 5 per cent year-on-year to Rs 10,986.51 crore, compared to Rs 10,461.05 crore in the year-ago period.
LIC Premium income rises
LIC’s net premium income for the quarter stood at Rs 1,19,618 crore, up 4.7 per cent from Rs 1,14,230 crore in Q1FY25.
The insurer also saw growth in key operational metrics. Its assets under management (AUM) grew by 6.47 per cent to Rs 57.05 lakh crore, as of June 30, 2025.
LIC: New business metrics improve
The annualised premium equivalent (APE) from individual non-par business rose 32.63 per cent to Rs 2,142 crore, taking the non-par APE share within individual business to 30.34 per cent, up from 23.94 per cent a year ago.
Group business APE stood at Rs 5,590 crore, an increase of 16.14 per cent, while overall APE grew 9.45 per cent to Rs 12,652 crore for the quarter.
The value of new business (VNB) a key profitability indicator rose 20.75 per cent to ₹1,944 crore, and the VNB margin expanded by 150 basis points to 15.4 per cent.
LIC Maintains market leadership
According to data from the Insurance Regulatory and Development Authority of India (IRDAI), LIC retained its leadership in the Indian life insurance market. The company reported an overall market share of 63.51 per cent in first-year premium income (FYPI) for the quarter.
In the individual business segment, LIC’s market share stood at 38.76 per cent, while in the group business, it accounted for 76.54 per cent of total premiums.
