Life Insurance Corporation of India (LIC) reported a 22.8% year-on-year increase in net profit to ₹13,492 crore for the quarter ended June 2026, driven by robust growth in new business acquisitions.
The state-owned insurer, which retains a 60.10% government stake, also saw total premium income rise 6.8% to ₹1,27,250 crore, reflecting sustained demand for life insurance products in India.
9%, suggesting that LIC is not only selling more policies but also securing higher-quality business with better margins.
The standout metric was the 61.3% surge in the value of new business (VNB), a key indicator of future profitability and growth trajectory for insurers.
This acceleration was accompanied by an improvement in the net VNB margin to 22.9%, suggesting that LIC is not only selling more policies but also securing higher-quality business with better margins.
The results underscore a strengthening operational performance for the country's largest insurer.
The strong quarterly performance comes amid a broader trend of robust earnings from major Indian financial and corporate entities.