Life Insurance Corporation of India (LIC) has announced its financial results for the half-year ended September 30, 2026. The company reported a significant 21.52% increase in Profit After Tax (PAT), reaching ₹25,568 crore. Key operational highlights include growth in Value of New Business (VNB) by 33.95% to ₹6,846 crore and an increase in Total Premium Income by 11.64% to ₹2,74,269 crore.
LIC Reports Strong H1 FY27 Performance
The Life Insurance Corporation of India (LIC) has released its standalone and consolidated financial results for the six months ending September 30, 2026. The company has demonstrated robust growth across key performance indicators, notably reporting a 21.52% increase in Profit After Tax (PAT) to ₹25,568 crore for the period. This compares favorably to the ₹21,040 crore PAT recorded in the same period of the previous year.
Key Financial and Operational Highlights
The Value of New Business (VNB) saw a substantial increase of 33.95%, reaching ₹6,846 crore. The VNB Margin (Net) also expanded, growing by 470 basis points to 22.3%. Total Premium Income for the half-year grew by 11.64% to ₹2,74,269 crore. Within this, Individual New Business Premium Income increased by 14.86% to ₹32,725 crore, while Group New Business Premium Income rose by 20.63% to ₹1,11,685 crore.
Overall Annualized Premium Equivalent (APE) increased by 5.72% to ₹30,696 crore. The Assets Under Management (AUM) also saw a healthy increase of 4.16%, standing at ₹59,60,941 lakh crore as of September 30, 2026. The Solvency Ratio improved to 2.35 from 2.13 in the previous year, indicating a stronger financial position.
Market Position and Business Segment Performance
In terms of market share by First Year Premium Income (FYPI), LIC maintained its leadership with an overall market share of 58.77% for the half-year ended September 30, 2026. The company held a 37.51% share in the Individual business segment and 70.45% in the Group business segment.
Individual Non-Par APE share within the Individual business was 34.03%. The Overall Expense Ratio for the period was 10.41%, a decrease from 11.28% in the prior year. The persistency ratios also showed positive trends, with the 13th month persistency ratio at 74.69% (premium basis) and 67.58% (number of policies basis).
Source: BSE
