LIC Q2 Profit Jumps 31% to ₹10,098 Crore
Life Insurance Corporation of India (LIC) reported strong financial results for the second quarter, with net profit surging 31% to ₹10,098 crore compared to ₹7,729 crore in the same period last year.
Key Takeaways
- Q2 net profit: ₹10,098 crore (up 31%)
- Net premium income: ₹1,26,930 crore (up 5.5%)
- Half-yearly profit: ₹21,040 crore (up 16.36%)
- Market share: 59.41% (remains industry leader)
Financial Performance Highlights
Net premium income during the quarter reached ₹1,26,930 crore, showing 5.5% growth from ₹1,20,326 crore in the previous year. For the first half of the fiscal year, LIC’s net profit stood at ₹21,040 crore, marking a 16.36% increase from ₹18,082 crore in the year-ago period.
Market Position and Premium Growth
LIC maintained its dominant position in the Indian life insurance sector with a market share of 59.41% for the half year ended September 30, 2025. While this represents a slight decrease from 61.07% in the previous year, the corporation continues to lead the industry. Total premium income for the first six months grew 5.14% to ₹2,45,680 crore from ₹2,33,671 crore a year ago.
R Doraiswamy, CEO & MD, LIC said, “From a business perspective during the first half of this year, LIC has once again demonstrated the successful implementation of its strategy pertaining to both product and channel diversification, that we have been pursuing since our listing.”
“We are very optimistic about the positive impact of the GST changes announced for the Insurance Industry. It is our firm belief that these changes are in the best interest of customers and will lead to further accelerated growth of the life insurance industry in India. We have ensured that all intended benefits of GST changes are passed onto the customers,” he added.
The management expressed confidence in the positive impact of recent GST changes on the insurance sector, emphasizing that all benefits would be passed on to customers.
