LIC Q4 profit soars 23% YoY to ₹23,467 crore, net premium income jumps 11%; dividend recommended

In the corresponding period of the preceding fiscal year, it had logged a profit of ₹19,038.67 crore, according to a regulatory filing.

Its net premium income surged 11.49% YoY to ₹1.65 lakh crore during the quarter under review, compared to ₹1.48 lakh crore in the fourth quarter of the 2024-25 fiscal year (Q4 FY25).

Its asset quality improved as its gross non-performing assets (GNPA) contracted to 1.21% in Q4 FY26, in comparison to 1.31% in the December quarter of FY26 and 1.46% in the year-ago period.

Commenting on the performance, R Doraiswamy, CEO & MD of LIC, said: “Financial Year 2025-26 has been a satisfying year for us, with strong overall growth across every business vertical, leading to record performance metrics. We have achieved a non-par share on an APE basis in our individual business of more than 35%, and our VNB margin is more than 21% for the year.”

He further stated that LIC’s strategy of channel diversification was successful, with its Banca and Alternate channels (BAC) recording a growth rate of more than 45%, and premiums from its BAC exceeding ₹5,000 crore in FY26.

“Also, recently, we have announced a bonus issue in the ratio of 1:1 to reward our shareholders. With regulatory guidance, we are preparing to implement the Indian Accounting Standards (IndAS) norms and are confident about implementing within the allowed regulatory time frames,” Doraiswamy added.

He added that LIC will continue its growth journey and cross new milestones in the coming years.

“As we navigate the insurance markets of India, as the leading life insurance company, in the year 2026, we remain immensely grateful to our almost 200 million policyholders for their continued trust spanning seven decades,” Doraiswamy said.

Final dividend; check record date

LIC's board of directors recommended a final dividend of ₹10 per equity share of ₹10 each (equivalent to ₹20 per equity share pre-bonus issue basis) for the financial year ended March 31, 2026, subject to approval of shareholders in the 5th Annual General Meeting of the corporation.

It fixed Friday, June 25, 2026, as the record date for the final dividend.

Bonus share issue record date

LIC's board of directors also set Friday, May 29, 2026, as the record date for its previously approved bonus share issue.

In a regulatory filing dated April 13, LIC said its board of directors considered and approved the issuance of bonus equity shares in the ratio of 1:1.

This means people holding one fully paid-up equity share of ₹10 each will receive one fully paid-up equity share of ₹10 each.

LIC has a total market capitalisation of ₹5.08 lakh crore as of May 21, 2026, according to data on the NSE.