LIC shares decline 4% as Q2 first-year premium income falls to ₹10,484 crore, profit rises 20%

The stock fell despite the company’s consolidated net profit advancing 20% year-on-year (YoY) to ₹12,115 crore during the quarter under review, compared with ₹10,098 crore in the September quarter of the 2025-26 fiscal year (Q2 FY26).

Its net premium income surged 16.2% YoY to ₹1.47 lakh crore in the second quarter of FY27, as against ₹1.27 lakh crore in the corresponding period of the preceding fiscal year, according to a regulatory filing.

Its income from first-year premiums (FYPI), however, fell 3.68% YoY to ₹10,483.85 crore for the reporting period, in contrast to ₹10,884.48 crore in the second quarter of FY26.

Its income from renewal premiums stood at ₹68.717.96 crore in Q2 FY27, registering a 5.2% YoY jump from ₹65 320.48 crore in the year-ago period.

LIC’s single-premium income rose 34.5% YoY to ₹68,425.31 crore during the quarter under review, compared with ₹50,882.30 crore in the September quarter of FY26.

The Assets Under Management (AUM) increased to ₹59,60,941 crore as on September 30, 2026, as compared to ₹57,22,896 crore on September 30, 2025, registering an increase of 4.16% YoY.

In terms of market share measured by FYPI, as per IRDAI, LIC continued to be the market leader in the Indian life insurance business with an overall market share of 58.77% for the first half of FY27 (H1 FY27) as compared to 59.41% in the year-ago period.

Commenting on the earnings, R Doraiswamy, CEO & MD of LIC, said: “We at LIC are very optimistic about the positive impact of the proposed commission Regulations changes announced for the Insurance Industry by the IRDAI in September 2026. We believe that most of these changes are in the best interest of customers and will lead to further accelerated growth of the life insurance industry in India.”

“The Non-Par APE share of Individual business for H1 FY27 is 34.03%, in line with our current strategy of maintaining levels of one-third of Individual APE from Non-Par products. The Banca and Alternate Channels share of Individual NBP is now 7.53% for H1 FY27 as compared to 7.12% in the similar period of the previous year, demonstrating a growth of 21.44%. While we have seen the VNB increase by 33.95% in H1 FY27 to ₹6,846 crore, our VNB margin has also expanded by 470 bps to 22.3% in H1 FY27,” Doraiswamy stated.

LIC share performance

At around 12:16 PM, the stock was trading 3.98% lower at ₹391.75 per equity share on the NSE.

The scrip has advanced 2% over the past week but 8% on a year-to-date (YTD) basis.

While the shares hit a 52-week high of ₹468.48 per unit on November 7, 2025, they touched a year’s low of ₹360.75 apiece on April 2, 2026.

LIC has a total market capitalisation of ₹4.95 lakh crore as of November 6, 2026, according to data on the NSE.