Life Insurance Corporation Of India has informed the Exchange about transcript of Earning Conference Call
LICI · price
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LIC reported FY26 results with strong performance across key metrics. Total premium income grew 9.8% to Rs 5,35,984 crore, while PAT surged 19.25% to Rs 57,419 crore – the highest in LIC's history. VNB (Value of New Business) jumped 41.63% to Rs 14,179 crore with margins improving by 360 basis points to 21.2%. The company successfully shifted its product mix, with non-par business share in individual APE rising to 35.11% from 27.69% last year, driven by products like Jeevan Utsav and Jeevan Labh. Bancassurance and Alternate Channels crossed Rs 5,000 crore for the first time (Rs 5,076 crore, up 45.19%). The solvency ratio improved to 2.35 from 2.11, while the expense ratio declined to 11.91% – the lowest since listing. The board declared a final dividend of Rs 10 per share (Rs 20 pre-bonus) following a bonus issue. Management remained cautious on future dividend hikes pending clarity on risk-based capital regulations.
LIC delivered record profitability and margin improvement, with the VNB margin now at 21.2%. The improving product mix toward higher-margin non-par business and strong cost discipline are positive signals for shareholders. However, management's cautious stance on dividend payout due to upcoming risk-based capital norms may limit near-term dividend upside.