Life Insurance Corporation of India — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
LIC reported profit after tax of Rs 13,492 crore for Q1 FY27, up 22.81% year-on-year, while net VNB margin improved 750 basis points to 22.9% and net VNB grew 61.32% to Rs 3,136 crore. Total premium income rose 6.75% to Rs 127,250 crore, with individual new business premium up 14.48% and group business premium up 8.61%. Management attributed margin improvement to a shift toward non-par savings and protection products, while an expense ratio increase was linked to the loss of input tax credit following GST exemption on individual life insurance premiums.
LIC reported FY26 profit after tax of Rs 57,419 crore, up 19.25% year-on-year, and net VNB growth of 41.63% to Rs 14,179 crore with margin expanding 360 basis points to 21.2%. Total premium income rose 9.8% to Rs 5,35,984 crore, non-par share of individual APE rose to 35.11%, and the Board recommended a final dividend of Rs 10 per share (equivalent to Rs 20 per share pre-bonus). Management also discussed operating and economic assumption changes in the VNB and embedded value walk, persistency trends, agency count, and the transition toward risk-based capital and Ind AS.