LIC Q3 results: Net profit surges 17% YoY to ₹12,930 crore; net premium income soars 18%

In the corresponding period of the previous fiscal year, it logged a profit of ₹11,008.65 crore, the country’s largest insurer said in a regulatory filing.

Its net premium income increased 17.76% YoY to ₹1.26 lakh crore during the quarter under review, compared to ₹1.07 lakh crore in the December quarter of the 2024-25 fiscal year (Q3FY25).

The PSU’s first-year premium stood at ₹10,648.46 crore in Q3FY26, reflecting a 45.2% YoY rise from ₹7,333.59 crore in the year-ago period.

Commenting on the earnings, R. Doraiswamy, CEO & MD of LIC, said: “The consumers and the companies in the life insurance industry have responded positively to the various initiatives of the government, especially to GST 2.0. At LIC, we have further increased our performance by achieving higher and better parameters on volume growth as well as product and channel diversification.”

For the nine months ended December 31, 2025, the non-par share within the individual business increased to 36.46% on an Annualised Premium Equivalent (APE) basis, as compared to 27.68% for the same period last year, he added.

Furthermore, the value of new business (VNB) margin also improved to 18.8% for 9MFY26, as compared to 17.1% for the same period last year, Doraiswamy stated.

He said that while the company has rolled out various advanced digital projects, it has also kept a very focused approach on creating a force of women agents through the Bima Sakhi Yojana with the objective of reaching out to more customers in rural India. He added that up till December 31, 2025, 2.97 lakh women have been appointed as Bima Sakhis.

“Another interesting component of our channel diversification journey has been the rising share of Banca and Alternate Channels in our overall mix of individual new business premium. We are confident of the growth prospects of all segments of our business as we move ahead. LIC remains grateful to its various stakeholders for their continuous trust as we dedicate our efforts towards achieving the national objective of ‘Insurance for All by 2047’,” Doraiswamy stated.

Shares of LIC closed 0.56% higher at ₹840 apiece on the National Stock Exchange (NSE) on Thursday, ahead of Q3 results.

LIC has a total market capitalisation of ₹5.31 lakh crore, as of February 5, 2026, according to data on the NSE.