Life Insurance Corporation of India (LIC) on Thursday reported a net profit of ₹13,492 crore for the June quarter, marking a 22.8% year-on-year (YoY) increase from ₹10,986 crore in the corresponding quarter last year.
The insurer’s total premium income rose 6.8% YoY to ₹1,27,250 crore, compared with ₹1,19,194 crore in the year-ago period.
Value of New Business (VNB) increased 61.3% YoY to ₹3,136 crore from ₹1,944 crore a year ago, while the net VNB margin expanded by 750 basis points to 22.9% from 15.4% in Q1FY26.
Individual new business premium increased 14.5% YoY to ₹14,351 crore from ₹12,537 crore in the corresponding quarter last year. Meanwhile, the Annual Premium Equivalent (APE) grew 8.2% YoY to ₹13,692 crore.
Within the individual business, non-par APE rose 14.2% YoY to ₹2,447 crore, while its share increased to 32.5% from 30.3% a year ago. Group business APE also registered a 10.2% YoY increase to ₹6,160 crore.
LIC’s solvency ratio improved to 2.42 from 2.17 in the year-ago period, reflecting a stronger capital position.
Meanwhile, the insurer’s assets under management (AUM) increased 4.1% YoY to ₹59.39 lakh crore. The overall expense ratio edged up to 10.63% from 10.47% in the corresponding quarter last year.
In terms of First Year Premium Income (FYPI), LIC continued to retain its leadership in the Indian life insurance industry, with an overall market share of 60.10%, according to IRDAI data. For the quarter ended June 30, 2026, the insurer held a 38.89% market share in the individual business and 70.90% in the group business.
