LIC Q1 results: Net profit soars 23% YoY to ₹13,492 crore, net premium income grows to ₹1.28 lakh crore

In the corresponding period of the preceding fiscal year, it had logged a profit of ₹10,986 crore, according to a regulatory filing.

Its net premium income advanced by 6.7% YoY to ₹1.28 lakh crore during the quarter, as against ₹1.20 lakh crore in Q1 FY26.

LIC's income from first-year premium (FYPI) also improved to ₹9,217 crore in the latest June quarter, from ₹7,525 crore in the same period of the preceding fiscal year.

Its income from renewal premiums in the reporting period increased to ₹61,833 crore compared to ₹59,885 crore a year ago.

As regards single premium, the Corporation collected ₹56,369 crore as compared to ₹51,923 crore in the first quarter of the previous financial year.

In terms of market share measured by FYPI, LIC continued to be the market leader in the Indian life insurance business with an overall market share of 60.10%.

For the quarter ended June 30th, 2026, it held a market share of 38.89% in Individual business and 70.90% in the Group business.

The Value of New Business (VNB) for the quarter ended June 30, 2026, stood at ₹3,136 crore, in comparison to ₹1,944 crore for the same period last year, registering a 61.32% YoY growth.

Its assets under management (AUM) increased by 4.10% YoY to ₹59.39 lakh crore as on June 30, 2026, from ₹57.05 lakh crore last year.

What the CEO said

Commenting on the earnings, R Doraiswamy, CEO & MD, LIC said: “We are happy to maintain our leadership in both Individual and Group Business during the first quarter of this financial year, despite increasing competitive intensity in the life insurance industry. Our overall market share by First Year Premium Income was 60.10% for the first quarter of FY 2026-27, and this fits in well with our market share strategy.”

Doraiswamy further stated that LIC’s VNB growing by 61%, along with its VNB margin expanding by 7.5% to 22.90% this year, was a direct outcome of its product diversification and distribution strategy.

“Just very recently, the Government of India has sold an additional 6.5% of shares through an OFS, which has been well received by the markets. I want to welcome the new shareholders through the OFS into the LIC shareholder family and also thank the existing shareholders who have participated in the OFS for their continued faith in LIC,” he added.

LIC OFS raises record ₹31,552 crore

A total of 82,23,33,558 equity shares were allotted under the OFS, raising ₹31,552 crore, making it the country's largest public offering to date.

Shares of the country’s biggest insurer closed 1.39% lower at ₹387.55 per unit on the National Stock Exchange (NSE) on Thursday. However, the results were declared after the markets closed.

LIC has a total market capitalisation of ₹4.9 lakh crore as of August 6, 2026, according to data on the NSE.