Friday, November 7: Shares of Life Insurance Corporation of India (LIC) gained nearly 2% to Rs 910 in Friday’s session after the insurer reported a 31% year-on-year (YoY) rise in consolidated net profit to Rs 10,098.48 crore for the July–September quarter (Q2 FY26), compared to Rs 7,728.68 crore in the same quarter last year.
Sequentially, LIC’s profit declined 7.8% from Rs 10,957.05 crore in the previous quarter. For the first half of FY26 (H1 FY26), the company’s net profit increased 16.36% YoY to Rs 21,040 crore.
The insurer’s net premium income for the quarter stood at Rs 1,26,930.04 crore, reflecting a 5.5% increase YoY and a 6.1% sequential rise. On a half-yearly basis, total premium income grew 5.14% to Rs 2,45,680 crore, showcasing steady business growth.
Commenting on the performance, R. Doraiswamy, CEO and Managing Director of LIC, said, “From a business perspective, during H1 FY26, LIC has once again demonstrated the successful implementation of its strategy pertaining to both product and channel diversification, which we have been pursuing since our listing.”
He added that the Non-Par APE (Annualised Premium Equivalent) share of the individual business increased to 36.31% in H1 FY26 from 26.31% a year ago, underscoring LIC’s evolving product mix and strategic diversification.
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