LIC Q1 FY26 Results Net Profit Rises 5% to ₹10,987 Crore, Asset Quality Improves
India’s largest life insurer, Life Insurance Corporation of India (LIC), kicked off FY26 with a steady performance. In its Q1 results for FY26, LIC reported a 5% year-on-year increase in net profit, reaching ₹10,987 crore, compared to ₹10,461 crore in the same quarter last year. The growth came despite a slowdown in new policy sales, reflecting LIC’s strong base of renewals and improved financial discipline.
LIC’s net premium income also increased by 5%, rising from ₹1.14 lakh crore in Q1 FY25 to ₹1.19 lakh crore in the current quarter. While new policy sales were subdued due to regulatory changes introduced in October 2024—which reduced surrender charges for early policy exits—strong renewal premiums helped maintain income stability.
Additionally, LIC’s individual business non-par APE (Annualised Premium Equivalent) surged 32.6% to ₹2,142 crore, indicating increased demand for non-participating policies, which don’t share profits with policyholders but offer guaranteed benefits.
LIC’s financial stability has improved significantly,
Solvency ratio climbed to 2.17%, up from 1.99% a year ago, and 2.11% in the previous quarter. This key metric reflects LIC’s enhanced ability to meet long-term obligations.
LIC’s Assets Under Management (AUM) grew by 6.47% YoY, reaching ₹57.05 lakh crore. This cements its status as one of the largest institutional investors in the country.
The insurer also reported,
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