Government-owned Life Insurance Corporation of India has obtained shareholders’ consent for issuing fully paid-up bonus equity shares valued at Rs 6,352 crore. These shares, with a face value of Rs 10 each, will be issued in a 1:1 ratio, effectively doubling the company’s paid-up share capital. Shareholders will receive one new bonus equity share for every existing share they hold, marking LIC’s first-ever bonus issue.
The issuance of bonus shares is set to be completed within two months from the approval date. This move will elevate LIC’s paid-up share capital from 632 crore shares to 1,264 crore shares, with a post-issue capital value of around Rs. 12,649 crore. In the third quarter ending December 2025, the state-owned life insurer recorded a 17% surge in net profit, amounting to Rs 12,958 crore, compared to Rs 11,056 crore in the corresponding quarter of the previous year.
During the same quarter, LIC’s net premium income escalated to Rs 1,25,613 crore from Rs 1,06,891 crore year-on-year, as disclosed in a regulatory filing. Additionally, the insurer’s total income for the latest December quarter rose to Rs 2,33,984 crore from Rs 2,01,994 crore in the same period a year earlier. On Monday, LIC’s stock closed 0.97% lower at Rs 791.40 per share on the NSE, contrasting with a 0.03% gain in the Nifty 50 index. The stock has experienced a 7.43% decline year-to-date and a 7.65% drop over the past 12 months.
Furthermore, LIC has scheduled an earnings call with analysts and investors on Thursday at 7 p.m. to deliberate on the corporation’s financial results for the quarter and year concluded on March 31, 2026.
