Life Insurance Corporation of India (LIC) has reported its audited financial results for the fiscal year ending March 31, 2026. The Board of Directors has recommended a final dividend of ₹10 per equity share and approved a 1:1 bonus issue. Key highlights include robust growth in total premium income and a strategic shift in accounting policy for investment income, reflecting the Corporation’s focus on long-term value creation and shareholder returns.
Financial Performance Overview
For the financial year ended March 31, 2026, LIC demonstrated significant operational scale. The Corporation reported a net profit for the year of ₹57,418.55 crore. Total premium income for the fiscal year reached ₹5,35,984.22 crore, underscoring the company’s continued dominance in the insurance sector. The Board of Directors has maintained an optimistic outlook, supported by an audit report with an unmodified opinion.
Shareholder Dividends and Bonus Issue
In a move to reward shareholders, the Board has recommended a final dividend of ₹10 per equity share of ₹10 each. Additionally, the Board has approved a bonus issue of shares in a 1:1 proportion, meaning members will receive one new fully paid-up equity share for every existing share held. The record date for the bonus issue is set for May 29, 2026, while the record date for the final dividend is June 25, 2026.
Strategic Accounting Changes
Starting from the 2025-26 fiscal year, the Corporation has implemented a material change in its significant accounting policies. This includes the recognition of investment income through the amortization of premium or discount over the remaining holding period until maturity. This strategic adjustment is designed to provide a more accurate and stable representation of investment performance in the Corporation’s standalone and consolidated financial statements.
Operational Highlights
The 5th Annual General Meeting of the Corporation is scheduled for July 27, 2026. Throughout the fiscal year, LIC continued to manage substantial assets, with the consolidated balance sheet reflecting strong solvency ratios. The Corporation remains committed to transparency and regulatory compliance, ensuring that all financial disclosures provide a clear view of its diverse business segments, including both participating and non-participating life insurance products.
Source: BSE
