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Life Insurance Corporation of India (LICI) investor relations material
Life Insurance Corporation of India Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY27 PAT rose 21.52% YoY to ₹25,568 crore; net VNB increased 33.95% to ₹6,846 crore and margin expanded 470 bps to 22.3%.
Total premium income grew 11.64% to ₹2,74,269 crore; APE rose 5.72% to ₹30,696 crore, while solvency improved to 2.35 from 2.13.
Financial highlights
H1 net premium income was ₹2,74,268.59 crore versus ₹2,45,679.65 crore; net investment income was ₹2,24,335 crore versus ₹2,15,077 crore.
Standalone H1 PAT was ₹25,568 crore versus ₹21,040 crore; Q2 PAT was ₹12,076 crore versus ₹10,053 crore. Consolidated H1 PAT was ₹25,699 crore.
Individual new business premium rose 14.86% to ₹32,725 crore; renewal premium increased 4.68% to ₹1,27,950 crore and total individual premium grew 6.61% to ₹1,60,675 crore.
Group premium grew 19.62% to ₹1,13,594 crore; group new business premium increased 20.63% to ₹1,11,685 crore.
AUM rose 4.16% to ₹59,60,941 crore; shareholder-account profit before tax was ₹25,710 crore versus ₹21,153 crore.
Outlook and guidance
Management expects FY28 margin improvement from product-mix optimization toward margin-accretive lines and expense optimization.
Individual APE and WRP growth are expected to converge as the year progresses; ULIP recovery depends partly on market conditions.
New health, deferred annuity, term-protection and anniversary products, alongside agent training, are expected to support second-half APE growth.
Priorities include digital and agency transformation, channel diversification, profitable market-share growth, investment yield and workforce skills; digital adoption and office rationalization are expected to improve efficiency.
Management views proposed IRDAI commission regulation changes as supportive of customer benefits and industry growth; final rules remain pending.
- Premium income grew 20.88% as investments reached ₹5.24 lakh crore.LICI
Q4 05/06 - Premium income grew 17.16% as first-year premiums declined and microinsurance surged.LICI
Q4 07/08 - Premium income grew 40.79%; bancassurance beat targets as individual first-year premiums fell.LICI
Q4 06/07 - Individual first-year premiums surged, but linked-fund fair-value losses weighed on total income.LICI
Q4 11/12 - Premium grew 2.85%, but weak markets and linked-fund fair-value losses tempered results.LICI
Q4 12/13 - Premium growth and a larger life fund offset recession pressure and linked-fund fair-value losses.LICI
Q4 08/09 - Premium growth lifted market share as life fund reached ₹999,517.59 crore.LICI
Q4 09/10 - Premium growth and market-share gains supported a ₹54,000 crore FY2011-12 target.LICI
Q4 10/11 - Premium income rose 13.52% as claims grew and the life fund reached ₹16.07 lakh crore.LICI
Q4 13/14
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