LIC Q2 FY26 Earnings Results: Net Profit Jumps 31% to ₹10,098 Crore; Premium Income Up 5.5%

Life Insurance Corporation (NSE: LIC) reported a consolidated net profit of ₹10,098.48 crore for Q2FY26, a 31% jump compared to the same quarter last year. However, profit fell 7.8% from the previous quarter.

For the first half of FY26, LIC’s profit rose 16.36% Y-o-Y to ₹21,040 crore, showing a steady growth trend.

Premium Income Continues to Improve

LIC earned ₹1,26,930.04 crore in net premium income during Q2, up 5.5% Y-o-Y and 6.1% from the previous quarter. For H1FY26, total premium income increased 5.14% to ₹2,45,680 crore.

The company said this performance reflects its continued focus on diversifying both products and distribution channels.

Stronger Product Mix and Better Channel Contribution

According to LIC MD & CEO R. Doraiswamy, the share of Non-Participating (Non-Par) products in individual APE grew to 36.31%, up from 26.31% last year.

The share of Bancassurance and Alternate Channels in individual new business premium rose sharply by 67.6%. The value of new business (VNB) for H1FY26 increased 12.3% to ₹5,111 crore, with a VNB margin of 17.6%.

Improved Cost Efficiency

LIC’s expense ratio dropped by 146 basis points to 11.28%, showing gains in operating efficiency and cost management.

AUM Continues to Expand

LIC’s assets under management (AUM) reached ₹57.22 trillion as of September 30, 2025.
This is a 3.31% Y-o-Y increase, up from ₹55.39 trillion last year.

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Key Highlights of Q2

• Net premium income: ₹1,26,930.04 crore
• Net profit: ₹10,098.48 crore
• EPS (basic & diluted): ₹15.97

Conclusion

LIC delivered a strong Q2 with higher profits, steady premium growth, and improved cost control. With rising contributions from non-par products and digital channels, the insurer continues to strengthen its position in India’s life insurance market.

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