Life Insurance Corporation Of India has informed the Exchange about the Transcript of Earnings Conference Call with Investors held on 5th Februrary 2026
LICI · price
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Awaiting price reaction for this filing.
LIC reported 9MFY26 results with profit after tax of Rs. 33,998 crore, up 16.68% YoY, and VNB margin improving 170 basis points to 18.8% on the back of a favorable yield curve. Total premium income grew 9.02% YoY to Rs. 3,71,293 crore, while AUM rose 8.01% to Rs. 59.17 lakh crore and solvency ratio improved to 2.19 from 2.02. Bancassurance and alternate channels surged 66.74% YoY to Rs. 3,341 crore, and non-par share of individual APE climbed to 36.46% from 27.68% a year ago. Overall expense ratio improved 132 basis points to 11.65%, though some persistency cohorts weakened and market share dipped marginally to 57.07%. Management indicated a possible higher dividend, a government stake-tranche in coming months (targeting 90% by 2027), and is evaluating a stake in a health insurance company.
Strong VNB margin expansion, double-digit PAT growth, and improving solvency support a positive earnings narrative, but the slight market share loss and weak persistency in certain cohorts are near-term watchpoints. Dividend trajectory appears favorable, and any progress on the government stake sale or health insurance entry could be incremental re-rating triggers.