Life Insurance Corporation of India (LIC) reported a consolidated net profit of ₹10,098 crore for Q2 FY26, marking a 31% year-on-year increase from ₹7,728 crore in the same quarter last year. The firm’s net premium income grew 5.5% year-on-year to ₹1,26,930 crore, reflecting steady business growth amid challenging market conditions. LIC’s assets under management (AUM) rose 3.3% to ₹57.23 lakh crore as of September 30, 2025, up from ₹55.39 lakh crore a year ago, reflecting strong portfolio expansion. The insurer’s individual renewal premium income increased by over 6%, while its new business premium mix showed diversification across product lines and channels. LIC credited digital initiatives, improved distribution, and operational efficiency for this performance. The company’s solvency ratio improved to 2.13 from 1.98, indicating strengthened financial health. Despite an 8% sequential dip in profit compared to Q1 FY26, analysts remain optimistic about LIC’s long-term sustainability and growth potential. LIC’s value of new business (VNB) also improved, with a margin expansion supporting profitable growth. Management reiterated the positive impact of recent GST changes on the industry, expecting further accelerated growth in life insurance. These results underscore LIC’s leadership in India’s largest insurance market, maintaining robust earnings and strategic outlook.
