Government-owned Life Insurance Corporation (LIC) announced a 23% increase in its consolidated net profit to Rs 23,467 crore in the fourth quarter of the financial year 2025-26, up from Rs 19,039 crore in the same period last year. The LIC board has proposed a final dividend of Rs 10 per equity share and set the record date for dividend eligibility as June 25. Additionally, LIC has scheduled May 29 as the record date for a 1:1 bonus issue, with the bonus equity shares to be allotted on June 1, 2026.
LIC’s net premium income surged by 12% to Rs 1.65 lakh crore, compared to Rs 1.48 lakh crore in the previous year, driven by growth in renewal and single premium segments. First-year premium income for the January-March quarter rose to Rs 13,009 crore, marking a 17% increase from the same period last year. Renewal premium income also saw a 14% growth to Rs 82,233 crore in the quarter.
Income from investments, a significant revenue source for LIC, soared to Rs 1.09 lakh crore in the fourth quarter, showing a robust 17% growth from the corresponding quarter last year. The insurer reported a total surplus of Rs 89,058 crore during the quarter, up from Rs 77,053 crore a year earlier.
Despite the positive financial performance, management expenses for LIC increased during the quarter. Employee remuneration and welfare expenses rose sharply, along with other operating expenses. LIC’s solvency ratio improved to 2.35 as of March 31, 2026, comfortably exceeding regulatory requirements.
For the full fiscal year 2025-26, LIC reported a profit after tax of Rs 57,453 crore, a 19% increase from the previous year. Net premium income for the year grew by 10% to Rs 5.38 lakh crore. Policyholders’ fund excluding linked assets reached Rs 53.68 lakh crore, and shareholders’ investments rose to Rs 1.5 lakh crore.
