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Life Insurance Corporation of India Q1 FY26 Results

LICIQ1 FY26 Results
Filing
MetricValue (₹ Cr)
Revenue12.6K
Total Income12.6K
Expenditure1.6K
PBT11.0K
Net Profit11.0K
OPM87.30%
NPM87.07%
EPS17.32
View full financials

LIC's Q1 FY 2026 Performance Update: Profit After Tax Up by 5.02%, Non Par APE Share in Individual Business Grows to 30.34%

07 Aug 2025 · 7 Aug 2025, 05:33 pm

Summary

Life Insurance Corporation of India (LIC) announced its Q1 FY 2026 performance update. The Profit After Tax (PAT) increased by 5.02% to Rs. 10,986 crore. The Non Par APE share within Individual business grew to 30.34% for Q1FY26 compared to 23.94% in Q1FY25. The Individual Business Non Par APE increased by 32.63% to Rs 2,142 crore. The Group Business APE increased by 16.14% to Rs. 5,590 crore. The Overall APE increased by 9.45% to Rs. 12,652 crore. The Value of New Business (VNB) increased by 20.75% to Rs 1,944 crore. The VNB Margin (Net) increased by 150 bps to 15.4%. The Solvency Ratio increased to 2.17 from 1.99. The Overall expense ratio reduced by 140 bps to 10.47% from 11.87%. The AUM increased by 6.47% to Rs 57.05 lakh crore. The Total Individual business premium increased by 6.37% to Rs. 71,474 crore. The Total Premium Income increased by 4.77% to Rs. 1,19,200 crore.

Key Highlights

  1. 1

    Profit After Tax increased by 5.02% to Rs. 10,986 crore

  2. 2

    Non Par APE share within Individual business at 30.34% for Q1FY26

  3. 3

    Individual Business Non Par APE increased by 32.63% to Rs 2,142 crore

  4. 4

    Group Business APE increased by 16.14% to Rs. 5,590 crore

  5. 5

    Overall APE increased by 9.45% to Rs. 12,652 crore

  6. 6

    Value of New Business (VNB) increased by 20.75% to Rs 1,944 crore

  7. 7

    VNB Margin (Net) increased by 150 bps to 15.4%

  8. 8

    Solvency Ratio increased to 2.17 from 1.99

  9. 9

    Overall expense ratio reduced by 140 bps to 10.47% from 11.87%

  10. 10

    AUM increased by 6.47% to Rs 57.05 lakh crore

  11. 11

    Total Individual business premium increased by 6.37% to Rs. 71,474 crore

  12. 12

    Total Premium Income increased by 4.77% to Rs. 1,19,200 crore

Management Comments

S

Shri R Doraiswamy

CEO & MD, LIC

During the first quarter of this financial year, our overall market share by First Year Premium Income was 63.51% and we maintained our leadership in both Individual and Group Business. Key elements of our strategy like increase in Non Par share in Individual business, increase in VNB margin, increase in Banca share are fully on track. The share of Non Par products within Individual segment, on an APE basis, has increased to 30.34% in the first quarter of FY26 as compared to 23.94% for the same quarter last year. VNB margin has increased by 150 bps to 15.4% on Year on Year basis, while our expense ratio has declined by 140 bps to 10.47% in this quarter. Our channel mix diversification strategy is visible with the increased share of bancassurance and alternate channels. As at 30" June 2025, more than 1.99 lakh women have been appointed as Bima Sakhis who have sold more than 3.26 lakh policies during the first quarter of FY26. We look forward to working with the regulatory authorities and various State and District Level Insurance Committees to further increase life insurance penetration in our country. We are focused on launching new products to meet customer needs and further enhancing our customer outreach.”

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