LIC Share Price Rises 7%; Profit Rises 16.7% in Nine Months FY26 Results

Life Insurance Corporation of India (LIC) announced its standalone and consolidated financial results for the nine months ended December 31, 2025, reporting steady growth in profitability and premiums while maintaining leadership in India’s life insurance sector.

Profit after tax (PAT) rose to ₹33,998 crore during the period, compared to ₹29,138 crore in the corresponding period last year, reflecting growth of 16.68%. 

LIC retained its dominant position with an overall market share of 57.07% in First Year Premium Income (FYPI), as per IRDAI data. Market share stood at 35.84% in individual business and a strong 71.36% in group business.

Premium Income Shows Steady Growth

Total premium income for the nine months period increased 9.02% year-on-year to ₹3,71,293 crore, compared to ₹3,40,563 crore last year. Individual new business premium rose 5.89% to ₹44,941 crore, while individual renewal premium increased 6.75% to ₹1,91,050 crore.

Total individual business premium grew 6.58% to ₹2,35,991 crore. Meanwhile, group business premium income showed stronger growth, rising 13.56% to ₹1,35,302 crore. LIC sold over 1.16 crore policies in the individual segment, though policy count declined marginally by 0.40% compared to last year.

Shift Towards Non-Par Products and Improved Margins

On an Annualized Premium Equivalent (APE) basis, total premium stood at ₹44,007 crore, with individual business contributing 62.61%. Within individual business, the share of non-par products rose significantly, with non-par APE increasing 47.44% year-on-year to ₹10,045 crore. As a result, non-par products now account for 36.46% of individual APE compared to 27.68% last year.

Value of New Business (VNB) increased 27.96% to ₹8,288 crore, while VNB margin improved to 18.8% from 17.1%, reflecting improved profitability in new policy sales.

Financial Strength and Efficiency Metrics Improve

LIC’s solvency ratio improved to 2.19 as of December 2025 compared to 2.02 a year earlier, strengthening financial stability. Assets Under Management rose 8.01% year-on-year to ₹59.17 lakh crore.

Operational efficiency also improved, with the expense ratio declining to 11.65% from 12.97% last year. Investment yield on policyholders’ funds remained stable at 8.77%.

LIC Share Price

On February 6, 2026, LIC share price (NSE: LICI) opened at ₹847.45, up from its previous close of ₹839.75. At 11:00 AM, the share price of LIC was trading at ₹901.15, up by 7.31% on the NSE.

Also Read: LIC Launches ‘Jeevan Utsav’ Single Premium Whole Life Savings Plan!

Conclusion

LIC’s performance reflects balanced growth across segments, rising profitability, improving margins, and stronger financial metrics, reinforcing its leadership in India’s life insurance industry.

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