Life Insurance Corporation of India Q4 FY26 Results

Summary

Life Insurance Corporation of India (LIC) reported a robust financial performance for FY26, with Profit After Tax growing by 19.25% to ₹57,419 crore. The total premium income increased by 9.80% to ₹5,35,984 crore, reflecting strong business momentum. The Value of New Business (VNB) saw significant growth of 41.63% to ₹14,179 crore, complemented by a 360 bps improvement in Net VNB margin to 21.2%. LIC continued to demonstrate its market leadership with an overall market share of 56.66% and strengthened its financial position with an improved solvency ratio of 2.35.

Key Highlights

1. 1

   Profit After Tax for FY26 increased by 19.25% year-on-year to ₹57,419 crore.

2. 2

   The Board of Directors has recommended a final dividend of ₹10 per equity share for Financial Year 2025-26.

3. 3

   Value of New Business (VNB) grew by 41.63% to ₹14,179 crore, with the Net VNB margin improving by 360 bps to 21.2% for FY26.

4. 4

   Individual Business Non-Par Annualized Premium Equivalent (APE) increased by 43.78% to ₹15,214 crore, representing 35.11% of Individual Business APE for FY26.

5. 5

   Total Premium Income for FY26 rose by 9.80% to ₹5,35,984 crore, while Assets Under Management (AUM) increased by 5.08% to ₹57,29,396 crore.

6. 6

   The Solvency Ratio strengthened to 2.35 from 2.11 in the previous year, and the Expense Ratio reduced by 51 bps to 11.91% for FY26.

7. 7

   LIC maintained its market leadership in the Indian life insurance business with an overall market share of 56.66% in terms of First Year Premium Income for FY26.