LIC Q2 FY26 results: Cons PAT rises 31% YoY to Rs 10,098 crore, net premium income grows 5%

State-owned insurer Life Insurance Corporation of India (LIC) on Thursday reported 31% year-on-year growth in its consolidated net profit in the second quarter at Rs 10,098 crore, compared to Rs 7,728 crore in the same period a year ago. The company’s net premium income in the quarter stood at Rs 1,26,930 crore, up 5.5% from Rs 1,20,326 crore in the corresponding quarter of the last fiscal.

However, profit after tax (PAT) declined 8% on a sequential basis compared to Rs 10,957 crore in Q1FY26, despite a 6% growth in revenue versus Rs 1,19,618 crore in the April-June quarter of FY26.LIC’s first-year premium stood at Rs 10,884 crore in Q2FY26, compared to Rs 7,566 crore in Q1FY26 and Rs 11,245 crore in the year-ago period. The renewal premium stood at Rs 65,320 crore in the quarter under review, compared to Rs 60,179 crore in Q1FY26 and Rs 62,236 crore in Q2FY25. Single premiums stood at Rs 50,882 crore, showing a sequential decline from Rs 52,008 crore in Q1FY26, but up from Rs 46,997 crore in Q2FY25.

PAT rose 16% to Rs 21,040 crore YoY in H1FY26, with total premium income up 5% to Rs 2,45,680 crore.

Individual Business Non Par APE rose 30.47% to Rs 6,234 crore, while Non Par APE share within individual companies stood at 36.31% for H1FY26 compared to 26.31% for H1FY25. Group Business APE rose 20.30% to Rs 11,864 crore, while total APE rose 3.60% to Rs 29,034 crore. Value of new business (VNB) rose 12.30% to Rs 5,111 crore, while VNB margin (net) rose 140 basis points to 17.6%.

Total expense ratio decreased by 146 basis points to 11.28% for H1FY26, compared to 12.74% for H1FY25.

LIC’s assets under management rose 3.31% to Rs 57.23 lakh crore and its solvency ratio increased from 1.98 to 2.13.