The net profit for the year ended March 31, 2026 was the highest ever at Rs 57,419 crore as compared to Rs 48,151 crore for the year ended March 31, 2025
Assets under management rose 5 per cent y-on-y to ₹57.3 lakh crore.
Mumbai: Public sector behemoth Life Insurance Corporation of India (LIC) on Thursday reported a 23 per cent increase in consolidated net profit for the March quarter of 2025-2026 at ₹23,467 crore against ₹19,039 crore in the same period last year.
The net profit for the year ended March 31, 2026 was the highest ever at Rs 57,419 crore as compared to Rs 48,151 crore for the year ended March 31, 2025, thereby registering an increase of 19.25 per cent.
Speaking to reporters at the Q4FY26 earnings conference R Doraiswamy, CEO & MD, LIC said that the West Asia war and the resultant economic slowdown will impact every sector including the savings through life insurance. However LIC will try to achieve a double digit growth for FY27 in new business premium while the renewal premium would be close to the new business premium.
The Individual New Business Premium for the year ended March 31, 2026 increased to Rs 67,676 crore from Rs 62,495 crore for the comparable period of previous year, registering an increase of 8.29 per cent.
The Individual Renewal Premium income for the year ended March 31, 2026 was Rs 2.71 lakh crore as compared to Rs 2.56 lakh crore for the year ended March 31, 2025, registering an increase of 5.91 per cent. The Group Business total premium income for the year ended March 31, 2026 was Rs 1.96 lakh crore as compared to Rs 1.69 lakh crore for the year ended March 31, 2025, registering an increase of 16.26 per cent.
A total of 1.84 crore policies were sold in the individual segment during the year ended March 31st, 2026 as compared to 1.77 crore policies sold during the year ended March 31st, 2025, registering an increase of 3.7 per cent.
Assets under management rose 5 per cent y-on-y to ₹57.3 lakh crore, while the value of new business surged 42 per cent to Rs 14,179 crore during the quarter.
The insurer also announced a dividend of Rs 10 per share for shareholders. The amount of bonus allocated to policyholders is Rs59,726 crore for the financial year 2025-26 as against Rs 56,190 crore for the previous financial year 2024-25.
( Source : Deccan Chronicle )
Next Story