LIC has declared its second quarter results. The company’s profit jumped 31% to Rs 10,098 crore from last year’s Rs 7,728 crore. During this period, the premium amount coming from the new policy also increased by 5.5% to Rs 1,26,930 crore, which was Rs 1,20,326 crore last year.
However, the company’s profit after tax was 8% lower on a sequential basis compared to Rs 10,957 crore in Q1FY26. Topline has increased by 6% compared to Rs 1,19,618 crore in April-June quarter of FY26.
LIC’s first year premium stood at Rs 10,884 crore in Q2FY26, compared to Rs 7,566 crore in Q1FY26 and Rs 11,245 crore in the same period a year ago. Renewal premium stood at Rs 65,320 crore in this quarter, which was Rs 60,179 crore in Q1FY26 and Rs 62,236 crore in Q2FY25. Single premium stood at Rs 50,882 crore, slightly lower than Rs 52,008 crore in Q1FY26, but higher than Rs 46,997 crore in Q2FY25.
Profit increased in half year also
The company’s profit (PAT) grew 16% year-on-year to Rs 21,040 crore in H1FY26, while total premium income increased 5% to Rs 2,45,680 crore. Non-par APE increased by 30.47% to Rs 6,234 crore, while the share of non-par APE in individual business stood at 36.31% in H1FY26 from 26.31% in H1FY25.
APE of group business increased by 20.30% to Rs 11,864 crore, while total APE increased by 3.60% to Rs 29,034 crore. Value of new business (VNB) increased by 12.30% to Rs 5,111 crore, while VNB margin increased by 140 basis points to 17.6%. The total expense ratio declined from 12.74% in H1FY25 to 11.28% in H1FY26. LIC’s AUM increased by 3.31% to Rs 57.23 lakh crore and its solvency ratio increased from 1.98 to 2.13.