LIC Q3 FY26 Earnings Results Out: Net Profit Jumps 17% YoY, Premium Income Rises 18%

Life Insurance Corporation of India (LIC) reported a strong set of numbers for the December quarter (Q3 FY26), driven by higher premium collections and improving business quality. The country’s largest insurer posted a double-digit jump in profit and saw sharp growth in first-year premium, reflecting steady traction in new business.

Net Profit Rises 17% YoY In Q3 FY26

LIC’s consolidated net profit rose 17.46% year-on-year (YoY) to ₹12,930.44 crore in Q3 FY26.

In the same quarter last year (Q3 FY25), LIC had reported a profit of ₹11,008.65 crore.

Net Premium Income Surges Nearly 18%

LIC’s net premium income increased 17.76% YoY to ₹1.26 lakh crore in Q3 FY26, compared to ₹1.07 lakh crore in Q3 FY25.

This highlights continued strength in premium inflows despite a competitive insurance environment.

First-Year Premium Jumps 45% YoY

A key positive from the quarter was the sharp rise in first-year premium.

• First-year premium (Q3 FY26): ₹10,648.46 crore
• First-year premium (Q3 FY25): ₹7,333.59 crore
• Growth: 45.2% YoY

This suggests strong momentum in new policy sales and fresh business generation.

Business Mix Improves, VNB Margin Strengthens

LIC’s management also highlighted improving business quality during the first nine months of FY26.

• Non-par share in individual business (APE basis): 36.46% 
  (vs 27.68% in the same period last year)
• VNB margin for 9M FY26: 18.8% 
  (vs 17.1% last year)

This improvement is important, as non-par products and higher VNB margins typically indicate better profitability and long-term value creation.

Digital Push And Women Agent Expansion

LIC said it continued rolling out advanced digital projects while also expanding its reach through women agents under the Bima Sakhi Yojana.

As of December 31, 2025:

• 2.97 lakh women had been appointed as Bima Sakhis, aimed at strengthening LIC’s rural penetration.

Alternate Channels Gain Share

LIC also noted a rising contribution from:

• Banca channels
• Alternate distribution channels

This reflects LIC’s push towards channel diversification beyond its traditional agency network.

LIC Share Price And Market Capitalisation

On Feb 5, 2026, LIC share price had closed at 0.56% higher at ₹840 on the NSE. The company’s market capitalisation stood at ₹5.31 lakh crore.

Read more: Check Gold and Silver Prices on Feb 6, 2026, Across Delhi, Mumbai, and Bangalore Here!

Conclusion

LIC’s Q3 FY26 results reflected a healthy performance, led by a 17% rise in profit, 18% growth in net premium income, and a strong 45% jump in first-year premium. With improving VNB margins, higher non-par contribution, and continued focus on digital and alternate channels, LIC appears to be strengthening both growth and business quality as it moves ahead in FY26.

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