LIC Q2 FY27 net profit increased 20 per cent year-on-year to Rs 12,115 crore in the quarter ended September 2026, driven by higher premium collections.
The Life Insurance Corporation of India (LIC) had reported consolidated net profit of Rs 10,098 crore in the corresponding quarter last year, according to its stock exchange filing.
The insurer’s net premium income rose 16.2 per cent to Rs 1.47 lakh crore from Rs 1.27 lakh crore in Q2 FY26.
Overall premium income also increased to Rs 1.47 lakh crore during the quarter, compared with Rs 1.27 lakh crore a year earlier.
LIC reports improvement in asset quality
LIC’s gross non-performing asset (GNPA) ratio improved to 1.16 per cent in Q2 FY27, compared with 1.21 per cent in the preceding quarter.
The decline indicates an improvement in the insurer’s reported asset quality during the quarter.
LIC’s Q1 FY27 performance
In Q1 FY27, LIC reported a 22.8 per cent year-on-year increase in net profit to Rs 13,492 crore.
Net premium income grew 7 per cent to Rs 1.27 lakh crore during the quarter. Other income increased to Rs 635 crore from Rs 130 crore in the year-ago period.
The insurer’s Value of New Business (VNB) rose 61 per cent to Rs 3,136 crore compared with the corresponding quarter of FY26.
VNB margin expanded by 750 basis points to 22.9 per cent from 15.4 per cent in the year-ago quarter.
