Representational photo
| Photo Credit: AMAN RAJ
Life Insurance Corporation (LIC) standalone net profit rose 5% to ₹10,986 crore in the first quarter of FY26, as against ₹10,461.05 crore in the corresponding quarter of previous year, on increase in premium income.
The company’s net income from premiums rose 5% to ₹1.19 lakh crore from ₹1.14 lakh crore in the year-earlier period.
“A total of 30,39,709 policies were sold in the individual segment during the quarter ended June 30, 2025 as compared with 35,65,519 policies sold during the quarter ended June 30, 2024, registering a decline of 14.75%,” according to a statement from the insurer.
On the liquidity and solvency front, too, LIC performed better in the reporting quarter as compared with the same quarter last year. The solvency ratio improved to 2.17% in the reporting quarter as against 1.99% in the year-ago period. Gross non-performing assets (NPA) ratio was 1.42% in the reporting quarter, which reduced from 1.95% in the year ago period. Net NPA ratio remained flat.
“During the first quarter of this financial year, our overall market share by first-year premium income was 63.51% and we maintained our leadership in both individual and group businesses,” said Doraiswamy, CEO and MD of LIC.
Published – August 07, 2025 09:45 pm IST