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Life Insurance Corporation of India Q3 FY26 Results

LICIQ3 FY26 Results
Filing
MetricValue ( Cr)vs Q2 FY26
Revenue14.0K20.9%
Total Income14.0K20.9%
Expenditure1.1K19.3%
PBT12.9K26.3%
Net Profit12.9K28.0%
OPM92.11%3.92pp
NPM92.47%5.18pp
EPS20.4428.0%
View full financials

LIC's Profit After Tax Surges by 16.68% in Nine Months Ended December 31, 2025

05 Feb 2026 · 5 Feb, 4:33 pm

Summary

Life Insurance Corporation of India (LIC) reported a 16.68% increase in Profit After Tax (PAT) for the nine months ending December 31, 2025. The total premium income increased by 9.02% to Rs. 3,71,293 crore. LIC continues to be the market leader in Indian life insurance business with overall market share of 57.07% for nine months ended December 31, 2025. The Total Individual Business Premium increased by 6.58% and the Group Business total premium income increased by 13.56%. The Assets Under Management (AUM) increased by 8.01% to Rs. 59,16,680 crore.

Key Highlights

  1. 1

    Profit After Tax increased by 16.68% to Rs. 33,998 crore

  2. 2

    Individual Business Non Par APE increased by 47.44% to Rs 10,045 crore

  3. 3

    Non Par APE share within Individual business at 36.46% for 9MFY26

  4. 4

    Individual Business APE increased by 11.95% to 27,552 crore

  5. 5

    Group Business APE increased by 23.14% to Rs. 16,455 crore

  6. 6

    Overall APE increased by 15.88% to Rs. 44,007 crore

  7. 7

    Value of New Business (VNB) increased by 27.96% to Rs 8,288 crore

  8. 8

    VNB Margin (Net) increased by 170 bps to 18.8%

  9. 9

    New Business Premium Income (Individual) increased by 5.89% to Rs. 44,941 crore

  10. 10

    Total Group Business Premium Income increased by 13.56% to Rs 1,35,302 crore

  11. 11

    Total Premium Income increased by 9.02% to Rs. 3,71,293 crore

  12. 12

    AUM increased by 8.01% to Rs 59,16,680 crore

  13. 13

    Solvency Ratio increased to 2.19 from 2.02

  14. 14

    Expense ratio reduced by 132 bps to 11.65% for 9MFY26 from 12.97% for 9MFY25

Management Comments

S

Shri R Doraiswamy

CEO & MD, LIC

The consumers and the companies in the life insurance industry have responded positively to the various initiatives of the government, especially to GST 2.0. At LIC, we have further increased our performance by achieving higher and better parameters on volume growth as well as product and channel diversification. For the nine months period ended December 31* 2025, the Non Par share within the individual business has increased to 36.46% on an APE basis, as compared to 27.68% for the same period last year. Further, the VNB margin has also improved to 18.8% for the nine months period ended December 31%' 2025, as compared to 17.1% for the same period last year. While we roll out various advanced digital projects, we have also kept a very focused approach on creating a force of women agents through the Bima Sakhi Yojana with the objective of reaching out to more customers in rural India.

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