LIC Q4 results: PAT rises over 38% YoY to ₹19,013 crore, board recommends ₹12 per share dividend

However, the PSU’s net premium income tumbled by 2.63% YoY to ₹1.48 lakh crore in the quarter under review, compared to ₹1.52 lakh crore in the fourth quarter of FY24. A 19.84% and a 6.01% YoY slump in its first-year premium and single premium dragged LIC’s net premium income.

However, the company’s first premium renewal income increased by 2.29% YoY from ₹79,138.32 crore in Q4FY25, as against ₹77,368.08 crore in Q4FY24.

LIC’s asset quality improved as gross non-performing assets shrank to 1.38% in Q4FY25 from 1.68% in the year-ago period.

For the year ended March 31, 2025, the company’s PAT increased 18.38% YoY to ₹48,151 crore, compared to ₹40,676 crore in FY24.

During the financial year, the insurer’s individual new business premium stood at ₹62,495 crore, surging 8.28% YoY from ₹57,716 crore in the 2023-24 fiscal year.

“In terms of market share measured by First Year Premium Income (FYPI) (as per IRDAI), LIC continues to be the market leader by market share in the Indian life insurance business with an overall market share of 57.05%. For the year ended March 31, 2025, LIC had a market share of 37.46% in the individual business and 71.19% in the Group business,” it stated.

On January 20, 2025, the PSU sold 5.88 lakh insurance policies, clocking the Guinness World Record for “Most insurance policies sold in 24 hours.”

Commenting on the results, Siddhartha Mohanty, the CEO and Managing Director of LIC, said: “The year 2024-25 was a very exciting and challenging year for our business. After registering a very strong performance in the first six months, we had to redesign and relaunch products to comply with regulatory changes. However, we are very happy to state that this year, we have achieved many milestones.”

“First, we have achieved an Individual New Business Premium of ₹62,495 crore in a single year. Second, our Net VNB for the year is ₹10,011 crore, i.e., over ₹10,000 crore for the first time. Third, our VNB margin is steadily on the rise, reaching 17.6% as of 31st March 2025. Fourth, our strategy to increase Non Par share is further getting consolidated. This year, Non Par APE share within the individual business has risen to 27.69%,” he added.

“Finally, we are proud to say that we have declared a bonus of ₹56,190.24 crore to policyholders. We are thankful to all our stakeholders for their support and faith in us. We are committed to delivering profitable growth as we move ahead in our journey post-listing,” Mohanty stated.

LIC board recommends final dividend of ₹12

LIC's board also recommended a final dividend of ₹12 per equity share, subject to shareholder approval at the ensuing Annual General Meeting (AGM). Further, it fixed July 25, 2025, as the record date to ascertain the eligibility of members for the proposed dividend.

Shares of LIC settled 0.14% lower at ₹871.25 apiece on the National Stock Exchange (NSE) on Tuesday. However, the results were announced after the market hours.