Shares of Life Insurance Corporation of India will remain in focus on May 22 after the state-owned insurer reported a 23% year-on-year increase in consolidated net profit for the March quarter of FY26, supported by improved operating performance and growth in key business metrics.
The company posted a consolidated net profit of ₹23,467 crore for the quarter, compared with ₹19,039 crore in the corresponding period last year. Alongside its earnings, the board approved a dividend of ₹10 per equity share for shareholders.
LIC also reported an improvement in its solvency ratio, which stood at 2.35% during the quarter, compared with 2.11% in the year-ago period and 2.19% in the December quarter. The rise indicates a stronger capital position and improved financial stability.
Assets under management (AUM) increased 5.1% year-on-year to ₹57.3 lakh crore, reflecting continued growth in the insurer’s investment portfolio and overall business scale.
The insurer’s value of new business (VNB) jumped 41.63% to ₹14,179 crore during the quarter. The sharp rise in VNB indicates improved profitability from new policy sales and stronger product economics.
However, LIC’s 13th-month persistency ratio declined to 67.77%, compared with both the previous year and the preceding quarter. The moderation in persistency suggests some pressure on policyholder retention levels.
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