LIC Q1 FY27 Results: Net Profit Rises 23% YoY to ₹13,492 Crore, Premium Income Grows 7%

Life Insurance Corporation of India (LIC) announced its financial results for the quarter ended June 30, 2026, reporting strong growth in profit, premium income and new business value. The insurer continued to maintain its leadership position in India's life insurance market despite rising competition.

LIC Q1 FY27 Results: Net Profit Jumps 23% YoY

LIC reported a consolidated net profit of ₹13,492 crore in Q1 FY27, up 22.81% from ₹10,986 crore recorded in the corresponding quarter last year.

The company's net premium income rose 6.7% year-on-year to ₹1.28 lakh crore, compared with ₹1.20 lakh crore in Q1 FY26.

Premium Collections Improve Across Segments

LIC reported growth across all major premium categories during the quarter.

• First-year premium income increased to ₹9,217 crore from ₹7,525 crore a year earlier.
• Renewal premium income rose to ₹61,833 crore, compared with ₹59,885 crore in Q1 FY26.
• Single premium collections grew to ₹56,369 crore from ₹51,923 crore in the same period last year. 

Market Share Remains Strong

LIC continued to lead the Indian life insurance industry based on first-year premium income.

During Q1 FY27:

• Overall market share stood at 60.10%.
• Individual business market share was 38.89%.
• Group business market share remained strong at 70.90%. 

Value of New Business Sees Sharp Growth

The insurer's Value of New Business (VNB) increased significantly during the quarter.

• VNB rose to ₹3,136 crore, compared with ₹1,944 crore in Q1 FY26.
• This represents a 61.32% year-on-year increase. 

LIC's assets under management (AUM) also grew 4.10% to ₹59.39 lakh crore as of June 30, 2026, from ₹57.05 lakh crore a year ago.

Management Commentary

LIC CEO and Managing Director R. Doraiswamy said the company maintained its leadership in both individual and group insurance businesses despite increasing competition.

He added that the strong growth in VNB and improvement in VNB margin were driven by the company's product diversification and distribution strategy.

Doraiswamy also welcomed new shareholders following the government's recent Offer for Sale (OFS) and thanked existing investors for their continued confidence in LIC.

Government Raises Record Amount Through LIC OFS

The Government of India recently completed an Offer for Sale (OFS) of LIC shares, raising ₹31,552 crore, making it the country's largest public offering.

More than 82.23 crore equity shares were allotted under the OFS, which received strong participation from both retail and institutional investors.

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LIC Share Price Movement

LIC share price (NSE: LICI) ended 1.39% lower at ₹387.55 on the NSE on August 6, 2026. The quarterly results were announced after market hours. The company had a market capitalisation of around ₹4.9 lakh crore as of August 6, 2026.

Conclusion

LIC delivered a strong start to FY27 with healthy growth in net profit, premium collections and Value of New Business. The insurer also retained its leadership in the life insurance sector while expanding its assets under management. 

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