LIC sees profits rise in Q4FY26

Life Insurance Corporation of India clocked a 23% y-o-y rise in consolidated net profit for Q4FY26, aided by improved operational metrics and stronger business growth. Net profit for the quarter came in at Rs 23,467 crore compared with Rs 19,039 crore in the corresponding period last year. The insurer also announced a dividend of Rs 10 per share for shareholders. The company’s solvency ratio — a key measure of an insurer’s financial strength — improved to 2.35% during the quarter, up from 2.11% a year ago and 2.19% in the previous quarter. However, LIC’s 13th-month persistency ratio stood at 67.77%, lower than 68.62% in the year-ago period and 69.36% in the December quarter. Assets under management (AUM) rose 5.1% y-o-y to Rs 57.3 lakh crore, while the value of new business (VNB) surged 41.63% to Rs 14,179 crore during the quarter. LIC’s net VNB margin increasing to 21.2% for the full year up 360 basis point expansion.