LIC Q4 profit jumps 23% to ₹23,420 crore, announces ₹10 final dividend

Life Insurance Corporation of India (LIC) reported a strong financial performance for the fourth quarter of FY26, with standalone net profit rising more than 23% year-on-year to ₹23,420 crore compared to ₹19,012 crore during the same period last year.

The growth was supported by higher premium collections, stronger investment income and expansion across multiple business verticals. LIC’s total income for the March quarter increased over 14% to ₹2.76 lakh crore, while net premium income climbed to ₹1.64 lakh crore. Income generated from investments also witnessed significant growth, crossing ₹1.09 lakh crore during the quarter.

For the full financial year FY26, LIC reported a nearly 19% increase in net profit to ₹57,419 crore, making it one of the company’s strongest yearly performances in recent years. Total premium income for the year rose close to 10%, while assets under management expanded to more than ₹57 lakh crore.

LIC CEO and Managing Director Siddhartha Mohanty stated that the company achieved strong growth across every major business segment, including individual insurance, bancassurance and alternate distribution channels. The company’s Value of New Business (VNB), an important profitability indicator in the insurance industry, surged over 41% during the year.

The state-owned insurer also announced a final dividend of ₹10 per equity share for shareholders and confirmed record dates for both the dividend and the previously announced bonus share issue.

LIC said its banca and alternate channels business grew more than 45% during the year, crossing ₹5,000 crore in premium collections. Despite increasing competition in the insurance sector and India allowing 100% foreign direct investment in insurance businesses, company leadership expressed confidence that the overall market would continue expanding.

Management also acknowledged that ongoing geopolitical tensions and economic uncertainty could impact savings behaviour and insurance demand in the near term. However, LIC stated it still expects continued double-digit growth in new premium collections and stable renewal premium growth moving forward.

Industry analysts believe LIC’s strong profitability, massive asset base and expanding distribution network continue to strengthen its position in India’s insurance sector despite rising private competition.