Life Insurance Corporation of India posted a 23.2% year-on-year increase in its net profit for the fourth quarter of FY26, according to a regulatory filing on Thursday.
The state-owned insurance group has posted a consolidated bottom-line of Rs 23,420 crore, compared to Rs 19,013 crore in the year-ago period.
LIC’s net premium income rose 11.6% to Rs. 1.7 lakh crore from Rs. 1.5 lakh crore in the corresponding quarter of the last year.
The group has also declared a final dividend of Rs 10 per per equity share of Rs 10 each. Record date to determine the eligibility of shareholders for the payout has been set as June 25, 2026.
On a sequential basis, the company’s gross non-performing assets declined to 1.21% from 1.31%, indicating an improvement in its asset quality.
Solvency Ratio stood at 2.35% compared to 2.11% year-on-year and 2.19% quarter-on-quarter. LIC’s 13th Mth Persistency Ratio for the quarter under review came in at 67.77% compared to 68.62% in the year-ago period and 69.36% in the preceding quarter.
Assets Under Management were up 5.1% to Rs. 57.3 lakh crore, while value of new business jumped 41.63% To Rs. 14,179 crore.
ALSO READ: LIC Bonus Issue: Insurer Sets Record Date For 1:1 Allotment Of Additional Shares; Check Record Date
Additionally, the state-run insurer has fixed May 29 as the record date for the 1:1 bonus issue which it had announced earlier. The deemed date of allotment of bonus equity shares will be June 1, 2026, it added. Notably, the dividend amount increases to Rs 20 per share after accounting for the bonus issue allotment.
The company, on Monday, received shareholder nod for the the allotment of fully paid-up bonus equity shares worth Rs 6,352 crore.
The shares, which carry a face value of Rs 10, are being issued in a 1:1 ratio, effectively doubling its paid-up share capital. Under this structure, shareholders receive one new bonus equity share for every one existing share held. This is the first ever bonus issue announced by LIC.
LIC Q4 Highlights (Cons, YoY)
- Net Profit Up 23.2% At Rs. 23,420 crore Vs Rs. 19,013 crore
- Net Premium Income Up 11.6% At Rs. 1.7 lakh crore Vs Rs. 1.5 lakh crore
Operational Ratios & Asset Quality
- Solvency Ratio At 2.35% Vs 2.11% (Vs 2.19% QoQ)
- 13th Mth Persistency Ratio At 67.77% Vs 68.62% (Vs 69.36% QoQ)
- Gross NPA At 1.21% Vs 1.31% QoQ
LIC Share Price
The stock ended little changed at Rs 800.20 apiece on the NSE. This compared to a marginal decline in the benchmark Nifty index on Thursday.
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