Life Insurance Corporation of India Reports 19.25% Profit Increase for FY26
LIC's FY26 profit jumps 19.25% to Rs 57,419 Cr, declares dividend
Image: Asianet Newsable
Life Insurance Corporation of India (LIC) announced a 19.25% rise in Profit After Tax (PAT) to ₹57,419 crore for FY26. The company also declared a ₹10 dividend per equity share and reported a 9.80% increase in total premium income, highlighting its continued market leadership with a 56.66% market share in the life insurance sector.
- 01LIC's total premium income for FY26 reached ₹5,35,984 crore, a 9.80% increase from FY25.
- 02The insurer's Value of New Business (VNB) surged by 41.63% to ₹14,179 crore.
- 03LIC's market share in Individual Business stood at 36.60% and 70.11% in Group Business for FY26.
- 04The company sold 1.84 crore individual policies in FY26, marking a 3.70% growth year-on-year.
- 05Assets Under Management (AUM) rose to ₹57,29,396 crore, with an improved solvency ratio of 2.35.
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Life Insurance Corporation of India (LIC) reported a 19.25% increase in Profit After Tax (PAT) for the financial year ending March 31, 2026, amounting to ₹57,419 crore, up from ₹48,151 crore in the previous year. The Board of Directors recommended a final dividend of ₹10 per equity share, equivalent to ₹20 per share after a 1:1 bonus issue. Total premium income also saw a significant rise, increasing by 9.80% to ₹5,35,984 crore. The Individual New Business Premium rose by 8.29% to ₹67,676 crore, while the Group Business Premium Income surged by 16.26% to ₹1,96,609 crore. LIC maintained its market leadership with a 56.66% share in the life insurance sector, including 36.60% in Individual Business and 70.11% in Group Business. The insurer sold 1.84 crore individual policies, reflecting a 3.70% growth. Additionally, the Value of New Business (VNB) soared by 41.63% to ₹14,179 crore, with an improved net VNB margin of 21.2%. Assets Under Management (AUM) increased to ₹57,29,396 crore, and the solvency ratio improved to 2.35.
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The profit increase and dividend declaration may enhance shareholder confidence and attract more investments in LIC.
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