LIC Q1 results: State-run insurer to declare earnings on August 6; five things you need to know

Life Insurance Corporation (LIC), India's largest life insurer, was in the spotlight on Tuesday, August 4, as the Centre kicked off a two-day offer-for-sale (OFS) in the company. The stock cracked up to 9% in the trade and was still trading significantly lower by the time of writing this article.

The government on Monday announced that it would sell up to a 6.5% stake in LIC at a floor price of ₹382 per share through a two-day offer for sale (OFS) beginning Tuesday.

The issue opened for non-retail investors on Tuesday, while the retail bidding window will open on Wednesday.

Q1 FY27 earnings

On July 30, LIC said its Board of Directors will meet on Thursday, August 6, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27).

Following the results announcement, LIC will host an earnings call with analysts and investors at 7:00 p.m. IST on August 6 to discuss its financial performance for the June quarter.

GST demand

On July 31, LIC said that it has received a communication/demand order for Goods and Services Tax (GST), interest, and penalty from the Uttar Pradesh State authorities. The order is appealable before the GST Appellate Tribunal. The penalty imposed stands at ₹95.23 crore.

LIC said that the financial impact of the demand is to the extent of the GST, interest, and penalty. However, there is no material impact on the financials, operations, or other activities of the corporation.

Regarding the violations for which the penalty has been imposed, LIC said they pertain to excess input tax credit (ITC) claimed and short tax paid.

LIC seeks long-term instruments, eyes fintech & VNB growth

In early June 2026, LIC CEO and MD R Doraiswamy said that the state-owned insurer is engaging with key financial regulators, including the Reserve Bank of India (RBI) and SEBI, to expand the availability of long-term investment instruments as inflows into its annuity products keep on rising.

An Annuity product converts an accumulated retirement corpus into a guaranteed, lifelong stream of income. When one invests a lump sum, LIC pays a regular pension for life, ensuring the savings aren't outlived.

"When the annuity markets are becoming more favoured by the policyholders, and more investments flow into annuities, we need to necessarily have long-term investments matching that kind of long-term liabilities. So we have been in touch with the (insurance) regulator as well as the regulators like SEBI, as well as RBI, and the requirements of LIC, particularly, are being duly communicated to them," the CEO told PTI in an interview.

LIC has a substantial portfolio of annuity business which is very long-tailed with liabilities running into 30, 40, 50 years. So the investment of funds is based on the underlying business and the underlying fund.

Asked if LIC could sustain a high net Value of New Business (VNB) margin of over 20% in FY27 as well, Doraiswamy said the effort that the Corporation is taking is to see that the VNB margin, or more than that, the gross VNB, as well as the performance in almost all parameters, keep improving.

LIC Q4 FY26 earnings

LIC posted a 23% increase in net profit to ₹23,420 crore in the March quarter of the fiscal year 2025-26 (FY26).

The country's biggest insurer had earned a profit of ₹19,013 crore in the corresponding quarter a year earlier.

The total income of the insurer during the reporting quarter rose to ₹2,53,592 crore from ₹2,22,805 crore in the same period of the preceding fiscal year, LIC said in a regulatory filing.

LIC's income from first-year premium also improved to ₹12,970 crore in the latest January-March quarter against ₹11,069 crore in the same period of the preceding fiscal year.

Income from renewal premiums in the reporting period increased to ₹81,933 crore compared to ₹79,138 crore a year ago.

During the entire financial year ended March 2026, the insurer earned a profit of ₹57,419 crore as compared to ₹48,151 crore in the previous fiscal year, registering a growth of 19%.

According to a PTI report, LIC emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over ₹23,400 crore.

Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26.

The insurance behemoth was followed by the country's biggest lender, State Bank of India (SBI), and the second-biggest lender HDFC Bank with profits of ₹19,684 crore and ₹19,221 crore, respectively, during the fourth quarter, according to the financial numbers posted on exchanges.

LIC share price trend

Shares of LIC have declined nearly 12% over the past 12 months, 7.5% so far in 2026, 5.5% over the past six months, and 8% in the past one month.