LIC Q1 Results: Net profit rises 23% YoY to ₹13,492 crore; VNB jumps 61%
LIC reported a net profit of ₹13,492 crore for Q1 FY 2026-27, a 22.8% YoY increase. Total premium income grew 6.8% to ₹1,27,250 crore. Value of New Business surged 61.3% to ₹3,136 crore, with improved solvency and market share.
Life Insurance Corporation of India (LIC) on Thursday reported a net profit of ₹13,492 crore for the June quarter, marking a 22.8% year-on-year (YoY) increase from ₹10,986 crore in the corresponding quarter last year.
The insurer's total premium income rose 6.8% YoY to ₹1,27,250 crore, compared with ₹1,19,194 crore in the year-ago period.
Within the premium mix, first-year premium increased 22.5% YoY to ₹9,217 crore, renewal premium grew 3.3% to ₹61,833 crore, while single premium rose 8.7% to ₹56,369 crore.
Value of New Business (VNB) increased 61.3% YoY to ₹3,136 crore from ₹1,944 crore a year ago, while the net VNB margin expanded by 750 basis points to 22.9% from 15.4% in Q1FY26.
During the quarter, LIC sold 31,02,281 policies in the individual segment, up 2.06% year-on-year from 30,39,709 policies in the corresponding quarter last year.
Individual new business premium increased 14.5% YoY to ₹14,351 crore from ₹12,537 crore in the corresponding quarter last year. Meanwhile, the Annual Premium Equivalent (APE) grew 8.2% YoY to ₹13,692 crore.
Within the individual business, non-par APE rose 14.2% YoY to ₹2,447 crore, while its share increased to 32.5% from 30.3% a year ago. Group business APE also registered a 10.2% YoY increase to ₹6,160 crore.
LIC's solvency ratio improved to 2.42 from 2.17 in the year-ago period, reflecting a stronger capital position.
Meanwhile, the insurer's assets under management (AUM) increased 4.1% YoY to ₹59.39 lakh crore. The overall expense ratio edged up to 10.63% from 10.47% in the corresponding quarter last year.
Market share remains strong
According to IRDAI data, LIC continued to dominate the Indian life insurance market with an overall First Year Premium Income (FYPI) market share of 60.10%. During the quarter ended June 30, 2026, the insurer held a 38.89% market share in the individual business and a 70.90% share in the group business.
Shri R Doraiswamy, CEO & MD, LIC, said, "We are happy to maintain our leadership in both individual and group business during the first quarter of this financial year, despite increasing competitive intensity in the life insurance industry."
"Our overall market share by first-year premium income was 60.10% for the first quarter of FY 2026-27, and this fits in well with our market share strategy. What gives us even more happiness is that our VNB has grown by 61% plus, and our VNB margin has expanded by 7.5% to 22.90% this year," Doraiswamy further said.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
About the Author
Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.