Life Insurance Corporation of India (LIC) has reported a robust performance for the financial year ended March 31, 2026. The corporation achieved a Profit After Tax of ₹57,419 crore, marking a 19.25% year-on-year increase. Driven by strong growth in the Non-Par segment and improved margins, LIC continues to maintain its position as a market leader in the Indian insurance sector, delivering significant value to its millions of policyholders and shareholders.
Financial Growth and Dividends
LIC has delivered a strong fiscal performance for FY26, with the Profit After Tax (PAT) reaching ₹57,419 crore compared to ₹48,151 crore in the previous year. Reflecting this growth, the Board of Directors has recommended a final dividend of ₹10 per equity share (equivalent to ₹20 per share on a pre-bonus issue basis), subject to shareholder approval.
Operational Performance Highlights
The corporation saw significant improvements across key operational metrics:
- Total Premium Income grew by 9.80% to reach ₹5,35,984 crore.
- The Value of New Business (VNB) increased by 41.63% to ₹14,179 crore.
- The VNB Margin (Net) improved by 360 basis points, reaching 21.2%.
- Assets Under Management (AUM) rose by 5.08% to ₹57,29,396 crore.
Strategic Business Shifts
LIC’s strategic focus on product diversification has yielded positive results. The share of Individual Non-Par APE within the Individual business grew to 35.11% in FY26, up from 27.69% in the prior year. Additionally, the corporation successfully reduced its Overall Expense Ratio by 51 basis points to 11.91%, reflecting enhanced operational efficiency.
Customer and Shareholder Value
The organization continues to prioritize its policyholders, having allocated ₹59,726 crore as bonus for the financial year. Furthermore, the Solvency Ratio strengthened to 2.35, underscoring the corporation’s robust financial health and stability as it continues to navigate the insurance landscape with a customer base of nearly 200 million policyholders.
Source: BSE
