Sells life insurance, pension, and protection products to Indian households and corporate groups through a multi-channel distribution network. Earns primarily by collecting premiums and earning investment returns on a ₹57,29,396 crore asset base. The individual life insurance business generated ₹67,676 crore of new business premium in FY26, spanning participating, non-participating, unit-linked, and protection plans. Group insurance accounts for a 70.11% share of the group's first-year premium market. Bancassurance and alternate channels crossed the ₹5,000 crore new business premium milestone for the first time, growing 45.19% year-on-year to ₹5,076 crore. The dominant cost drivers are insurance claims paid out — ₹19,020 crore on death claims covering 8.30 lakh lives and ₹2,37,353 crore on maturity claims covering 2.41 crore policyholders — alongside an 11.91% operating expense ratio. Around 1.5 million agents and digital platforms such as the ANANDA app (policies up 56% year-on-year) drive sales. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Individual life insurance, Group life insurance, Bancassurance and alternate channels, Investment income on policyholders' funds. Large state-owned life insurer with an asset-heavy investment portfolio; product mix shifting from participating to non-participating products
| ₹ crore · consolidated | FY23 | FY25 | FY26 |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA (ex other income) | — | — | — |
| margin % | — | — | — |
| Owners' profit | 35,997 | 48,320 | 57,453 |
| EPS, as reported (₹) | — | — | — |
| ROE % · ROCE % | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — |
| Cash from operations | 54,519 | (9,145) | (26,211) |
| Capex | (886) | (777) | (1,116) |
| ₹ crore | Q4 FY23 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — |
| Profit before tax | 13,191 | 19,046 | 10,986 | 10,202 | 12,880 | 23,457 | 13,686 |
| Net profit | 13,191 | 19,039 | 10,957 | 10,098 | 12,930 | 23,467 | 13,584 |
| EPS (₹) | — | — | — | — | — | — | — |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MAX FINANCIAL SERV LTD | 50,971 | 461.6 | 7.94 | 208.8 | 1.6 | — | 8.8 | 1.2 |
| LIFE INSURA CORP OF INDIA ◆ | — | — | — | — | — | — | — | — |
| HDFC LIFE INS CO LTD | — | — | — | — | — | — | — | — |
| ICICI PRU LIFE INS CO LTD | — | — | — | — | — | 0.6 | — | — |
| SBI LIFE INSURANCE CO LTD | — | — | — | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · NSE seeks clarification from LIC on June 2026 quarter results | compliance | minimal | — | — |
| 8 Sept 2026 · LIC to attend three investor conferences in September 2026 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · LIC launches two new insurance products for domestic market | business updates | medium | — | — |
| 31 Aug 2026 · Executive Director Sesha Giridhar Kuppili retires from LIC | management changes | high | — | — |
| 27 Aug 2026 · LIC invests Rs 5,000 crore in Bajaj Finance NCDs | fund raising | high | — | — |
| 19 Aug 2026 · LIC post-OFS shareholding: Government holds 90%, public 10% | ownership changes | medium | — | — |
| 18 Aug 2026 · Internal re-designation of Shri Madhu V.S. to Additional Director at LIC | management changes | medium | — | — |
| 17 Aug 2026 · LIC updates on Investors' Meet attended on August 17, 2026 | investor communications | low | — | — |
| 13 Aug 2026 · LIC representatives attend Investors Meet on August 13, 2026 | investor communications | low | — | — |
| 12 Aug 2026 · LIC Q1 FY27 results: Profit up 23%, VNB margin expands | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
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| — |
| — |
| CANARA HSBC LIFE INS CO L | — | — | — | — | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| Profit growth | 24.0 | 21.9 | 5 of 12 | 64% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
