The Life Insurance Corporation of India (LIC) has reported a robust financial performance for the nine months ended December 31, 2025. The company’s Profit After Tax (PAT) climbed to Rs 33,998 crore, marking a 16.68 per cent increase from the previous year’s Rs 29,138 crore. Total premium income also saw a healthy rise of 9.02 per cent, reaching Rs 3,71,293 crore. These figures underscore a steady growth trajectory in earnings and revenue collection during the fiscal period.
The corporation continues to dominate the Indian life insurance landscape with a commanding overall market share of 57.07 per cent. Its presence is particularly strong in the Group business segment, where it holds a 71.36 per cent market share. On an Annualised Premium Equivalent (APE) basis, the total premium stood at Rs 44,007 crore, with the Individual business contributing Rs 27,552 crore and the Group business adding Rs 16,455 crore.
A significant shift is visible in LIC's Service mix, characterised by a sharp rise in Non-Participating (Non-Par) products. The Individual Non-Par APE surged by 47.44 per cent to reach Rs 10,045 crore. Consequently, the share of Non-Par products within the individual segment expanded to 36.46 per cent, up from 27.68 per cent in the prior year. This strategic pivot contributed to the Value of New Business (VNB), which grew by 27.96 per cent to Rs 8,288 crore, while the net VNB margin improved by 170 basis points to 18.8 per cent.
Operational efficiency and financial stability remained key highlights of the report. The overall expense ratio was successfully reduced by 132 basis points, falling to 11.65 per cent from 12.97 per cent. Furthermore, the solvency ratio strengthened from 2.02 to 2.19, indicating a more resilient capital position. The corporation’s Assets Under Management (AUM) also grew by 8.01 per cent, totalling a massive Rs 59,16,680 crore as of December 31, 2025.
Distribution through Bancassurance and alternate channels saw a notable boost, increasing its share of Individual New Business Premium to 7.45 per cent from 4.73 per cent. While the number of individual policies sold saw a marginal dip of 0.40 per cent to 1.16 crore, the premium income from individual renewals rose by 6.75 per cent to Rs 1,91,050 crore. The yield on investments for policyholders' funds, excluding unrealised gains, remained stable at 8.77 per cent.
About the Company
Life Insurance Corporation (LIC) is the largest insurance provider in India. It has a market share of above 50% in new business premiums. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
The company has a market cap of over Rs 5 lakh crore and the President of India portfolio holds 96.50 per cent stake in the company. In just 1 day, the President of India’s portfolio gained over Rs 40,000 crore (6,10,36,22,781 shares x Rs 67.05 per share gain today = Rs 4,09,24,79,07,466 ~ Rs 40,000+)
Disclaimer: The article is for informational purposes only and not investment advice.
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President of India portfolio gains over Rs 40,000 crore in just 1 day from this insurance stock after announcing Q3FY26 and 9MFY26 results