Government-owned Life Insurance Corporation (LIC) reported a 23.2% growth in consolidated net profit to ₹23,420 crore in the fourth quarter of FY26, compared with ₹19,013 crore in the same period of the previous year. According to regulatory filings, the life insurance giant's net premium income increased by 11.6% to ₹1.7 lakh crore compared with ₹1.5 lakh crore last year, driven by growth across renewal and single premium segments. The company's investment income shot up to ₹1.09 lakh crore during the fourth quarter compared with ₹93,443 crore in the corresponding quarter last year, representing a robust growth of around 17%. LIC shares surged nearly 5% intraday on Friday following the strong earnings announcement, with the stock touching a high of ₹839 apiece on the NSE, pushing the company's market capitalisation to around ₹5.08 lakh crore. The market rally reflects investor confidence in the insurer's robust operational performance and strategic shareholder rewards.
The LIC board approved its first-ever 1:1 bonus issue, under which shareholders will receive one additional fully paid-up equity share for every existing equity share held. As reported by Zee News, the record date for determining eligibility for dividend payout is June 25, while the company has fixed May 29 as the record date for its 1:1 bonus issue. The deemed date of allotment of bonus equity shares will be June 1, 2026. The company also declared a final dividend of ₹10 per equity share for FY26, with the dividend declaration adding to positive market sentiment surrounding the stock.
The Life Insurance Corporation of India (LIC) announced the introduction of two new insurance products viz LIC's New Jeevan Sathi – Single Premium and LIC's New Jeevan Sathi – Limited Premium as part of efforts to strengthen its savings portfolio. According to regulatory filings, both plans are classified as non-participating, non-linked individual savings schemes, offering policyholders a stable and predictable financial planning option without exposure to market-linked risks. The products are designed specifically for the domestic market and will be available for purchase starting June 1, 2026. With these additions, LIC aims to broaden its range of savings products and cater to evolving customer needs, providing flexibility in premium payment allowing policyholders to choose between single upfront payment or limited premium payment terms.
According to Zee News reports, LIC reported total surplus of ₹89,058 crore during the quarter compared with ₹77,053 crore a year earlier. The company's surplus after share of profit from associates and minority interest stood at ₹24,964 crore compared with ₹20,271 crore a year ago. However, management expenses increased to ₹20,699 crore during the quarter compared with ₹16,526 crore year ago, with employee remuneration and welfare expenses rising sharply to ₹8,891 crore from ₹5,943 crore in the same quarter last year. The strong investment performance further boosted earnings, with LIC's assets under management (AUM) rising over 5% YoY to ₹57.29 lakh crore, highlighting the insurer's continued dominance in India's insurance sector. Value of new business (VNB) surged 41.63% to ₹14,179 crore, indicating improved profitability from fresh policy sales and reflecting strong operational metrics. JM Financial noted that the insurer's Value of New Business margin stood at 21.2% for FY26, implying a 24.9% margin during the March quarter.
As reported by Zee News, LIC reported healthy growth across both individual and group businesses during the quarter. The company's policyholders fund excluding linked assets stood at ₹53.68 lakh crore as of March 31, 2026 compared with ₹51.64 lakh crore year earlier. Shareholders investments rose to ₹1.5 lakh crore from ₹1.03 lakh crore in FY25. Renewal premium income rose 14% to ₹82,233 crore in the quarter from ₹79,425 crore in the same period last year. JM Financial noted that LIC reported strong results for Q4FY26 – individual Annualised Premium Equivalent grew by 16%, higher than reported Retail Weighted Received Premium growth of 13%, and group Annualised Premium Equivalent rose by 37%. The brokerage highlighted that total Annualised Premium Equivalent growth came in at 22% during the quarter, with the insurer delivering 13% growth in individual Annualised Premium Equivalent and 27% growth in group business during FY26.
