LIC net rose over 23% in Q4 to ₹23,420 cr., board declares ₹10 final dividend The Life Insurance Corporation of India (LIC) reported a significant increase in its standalone net profit for the March quarter, rising over 23% to ₹23,420.43 crore compared to ₹19,012.79 crore in the same period the previous year. This growth was driven by a more than 14% rise in total income, which reached ₹2,76,827.17 crore, up from ₹2,41,625.02 crore. The increase in income was attributed to higher net premium income of ₹1,64,691.21 crore (up from ₹1,47,585.56 crore) and a surge in investment income to ₹1,09,022.04 crore (from ₹93,132.67 crore). For the fiscal year ended March 2026 (FY26), LIC’s net profit grew by 19.25% to ₹57,419 crore, compared to ₹48,151 crore in FY25. Total income for the year rose to ₹9,73,288.26 crore, up from ₹8,84,148.22 crore. Premium income also saw a notable increase, climbing 10% to ₹5,35,984 crore, compared to ₹4,88,148 crore in the prior year. CEO and Managing Director R. Doraiswamy highlighted that the strong performance across all business verticals contributed to record metrics for the 2025-26 fiscal year. He noted that the individual business segment achieved a non-par share on an APE basis exceeding 35%, while the VNB margin remained above 21% for the year. The insurer’s VNB (Value of New Business) increased by 41.63% to ₹14,179 crore, and assets under management (AUM) grew by 5.08% to ₹57,29,396 crore. The board approved a final dividend of ₹10 per equity share for the fiscal year, with June 25 set as the record date for shareholder eligibility. Additionally, the company announced a 1:1 bonus equity share issue, with May 29 as the record date for that. LIC’s market share, measured by first-year premium income, stood at 56.#west_asia_crisis #life_insurance_corporation_of_india #r_doraiswamy #banca_and_alternate_channels #indian_accounting_standards
