LIC Q2 Results FY26: Cons PAT jumps 31% YoY to Rs 10,098 crore, net premium income grows 5%

The company’s net premium income in the quarter stood at Rs 1,26,930 crore, up 5.5% over Rs 1,20,326 crore in the corresponding quarter of the last financial year.

However, the profit after tax (PAT) was down 8% on a sequential basis compared to Rs 10,957 crore in Q1FY26 notwithstanding a 6% growth in the topline versus Rs 1,19,618 crore in the April-June quarter of FY26.

LIC’s first year premium stood at Rs 10,884 crore in Q2FY26 versus Rs 7,566 crore in Q1FY26 and Rs 11,245 crore in the year ago period. The renewal premium stood at Rs 65,320 crore in the quarter under review, up from Rs 60,179 crore in Q1FY26 and Rs 62,236 crore in Q2FY25. The single premiums stood at Rs 50,882 crore, witnessing a sequential drop from Rs 52,008 crore in Q1FY26 but up from Rs 46,997 crore in Q2FY25.

The PAT increased by 16% to Rs 21,040 crore on YoY basis in H1FY26 with total premium income increasing by 5% to Rs 2,45,680 crore.

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Individual Business Non Par APE increased by 30.47% to Rs 6,234 crore while Non Par APE share within individual business stood at 36.31% for H1FY26 as compared to 26.31% for H1FY25.Group Business APE increased by 20.30% to Rs 11,864 crore while the overall APE increased by 3.60% to Rs 29,034 crore. The Value of New Business (VNB) increased by 12.30% to Rs 5,111 crore while VNB Margin (Net) increased by 140 bps to 17.6%.

Overall expense ratio reduced by 146 bps to 11.28% for H1FY26 from 12.74% for H1FY25.

LIC’s AUM increased by 3.31% to Rs 57.23 lakh crore and its Solvency Ratio increased to 2.13 from 1.98.