LIC Q2 net profit rises 20% to Rs 12,076 crore on higher premium income.
The state-run insurer's net premium income rose 16% to 1.47 trillion rupees, with one-time premiums from new policies up about 35% and renewal premiums rising more than 5%.
Life Insurance Corporation of India (LIC), the country's largest insurer, reported a 20% year-on-year increase in net profit to Rs 12,076 crore for the second quarter ended September 2026.
The state-owned insurer had posted a net profit of Rs 10,053 crore in the corresponding quarter of the previous year. Its total income also rose to Rs 2,62,739 crore in the September quarter, compared with Rs 2,39,614 crore a year ago, LIC said in a regulatory filing.
LIC's net premium income increased to Rs 1,47,018 crore during the quarter, up from Rs 1,26,479 crore in the same period last year. Renewal premium also grew to Rs 68,375 crore from Rs 64,996 crore.
LIC Financial Performance Q2 September
(LIC reported financial metrics for the September quarter comparing performance against the previous fiscal year.)
Financial Metric September Quarter (Rs Crore) Previous Year (Rs Crore)
Net Profit 12,076 10,053
Total Income 2,62,739 2,39,614
Net Premium Income 1,47,018 1,26,479
Renewal Premium 68,375 64,996
First-Year Premium 10,432 10,836
However, the insurer's first-year premium declined slightly to Rs 10,432 crore in the September quarter, compared with Rs 10,836 crore in the corresponding period of the previous fiscal year.