Post by : Bianca Suleiman
The Life Insurance Corporation of India (LIC) announced a vigorous consolidated net profit of ₹10,098.48 crore for the second quarter of FY26, reflecting a 31% increase compared to ₹7,728.68 crore during the same period last year. However, there was a slight sequential decline of 7.8% from ₹10,957.05 crore in Q1FY26.
For the first half of FY26, LIC's net profit has increased by 16.36% year-on-year, reaching ₹21,040 crore, showcasing a stable performance amid a proliferating insurance sector.
Steady Growth in Premium Income
During Q2FY26, LIC's net premium income reached ₹1,26,930.04 crore, reflecting a 5.5% year-on-year increase and a sequential rise of 6.1%. Over the first half of the year, total premium collection rose by 5.14% to ₹2,45,680 crore.
The insurer is successfully diversifying its product offerings and distribution methods, resulting in a marked increase in the Non-Par APE share for individual policies, now at 36.31% in H1FY26, compared to 26.31% a year ago.
New Business Growth Through Distribution Channels
Significant contributions to new business expansion came from Bancassurance and alternative channels, with a share of individual new business premium growing to 67.6%. The value of new business (VNB) increased by 12.3% to ₹5,111 crore, aided by a VNB margin of 17.6%.
Efficiency Boost
LIC's expense ratio improved, declining by 146 basis points to 11.28%, highlighting better operational efficiency.
Asset Base Growth
As of September 30, 2025, assets under management (AUM) rose to ₹57,22,896 crore, showing a 3.31% increase from ₹55,39,516 crore the previous year, reflecting steady growth in the company's investment assets.
Key Highlights from Q2FY26:
Net Premium Income: ₹1,26,930.04 crore
Net Profit: ₹10,098.48 crore
Earnings per Share (Basic & Diluted): ₹15.97
LIC continues to show consistent growth in both profits and premiums, supported by its diverse distribution channels and product strategies, reinforcing its status as the leading life insurer in India.
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