LIC Q2 Results FY2026: Net Profit Jumps 31% YoY to Rs 10,098 Crore; Premium Income Up 5.5%, AUM Rises 3.3%

Life Insurance Corporation of India (LIC), the country's largest insurer, announced its financial results for the second quarter of the financial year 2025-26 (Q2 FY26) on Thursday, November 6, reporting a strong year-on-year growth in profit despite moderate premium expansion.

LIC Q2 Results: Net Profit Jumps 31% YoY to Rs 10,098 Crore; Premium Income Up 5.5%

LIC's consolidated net profit surged 30.6% year-on-year (YoY) to Rs 10,098 crore during the July-September quarter, compared to Rs 7,729 crore in the same period last year. On a standalone basis, the insurer reported a 32% YoY rise in profit at Rs 10,053.39 crore, up from Rs 7,620.86 crore in the corresponding quarter of FY25.

However, on a sequential basis, LIC's profit after tax (PAT) declined 8% quarter-on-quarter (QoQ) from Rs 10,957 crore reported in Q1 FY26, primarily due to seasonal variations in premium inflows and policy renewals.

Life Insurance Corporation of India Q2 FY26 Financial Performance

LIC's net premium income rose 5.48% YoY to Rs 1.26 lakh crore (Rs 1,26,930 crore), as compared to Rs 1.20 lakh crore (Rs 1,20,326 crore) in the same quarter last year. This growth was supported by an increase in both renewal and single-premium segments.

LIC First-year premium: Rs 10,884 crore in Q2 FY26, up from Rs 7,566 crore in Q1 FY26 but slightly lower than Rs 11,245 crore in Q2 FY25.

LIC Renewal premium: Rs 65,320 crore in Q2 FY26, rising from Rs 60,179 crore in Q1 FY26 and Rs 62,236 crore in the same period last year.

LIC Single premium: Rs 50,882 crore, down sequentially from Rs 52,008 crore in Q1 FY26 but higher than Rs 46,997 crore in Q2 FY25.

LIC Q2 Earnings: AUM Rises to Rs 57.23 Lakh Crore

LIC's Assets Under Management (AUM) increased 3.31% YoY to Rs 57.23 lakh crore, underscoring its continued leadership in the life insurance and investment segments.
The insurer's solvency ratio improved to 2.13%, up from 1.98% in the year-ago period, reflecting a strengthened financial position and better risk management.

In addition, LIC reported a significant improvement in asset quality, with net non-performing assets (NPAs) for the policyholders' fund declining to Rs 3.94 crore in Q2 FY26, compared to Rs 6.17 crore in Q2 FY25.

LIC H1 FY26 Performance: Strong Growth in Profit and Premiums

For the first half of FY26 (April-September 2025), LIC posted a 16% YoY increase in PAT to Rs 21,040 crore, while total premium income rose 5% to Rs 2,45,680 crore.

The Individual Non-Par APE (Annualized Premium Equivalent) rose 30.47% to Rs 6,234 crore, with the Non-Par share within individual business increasing to 36.31% from 26.31% a year earlier. The Group Business APE climbed 20.30% to Rs 11,864 crore, while overall APE grew 3.60% to ₹29,034 crore.

Value of New Business and Efficiency Gains

LIC's Value of New Business (VNB) improved 12.3% YoY to Rs 5,111 crore, supported by product mix optimization and cost efficiency. The VNB Margin (Net) expanded by 140 basis points (bps) to 17.6%.

The insurer also reported a decline in its overall expense ratio to 11.28% for H1 FY26, down 146 bps from 12.74% in H1 FY25.