Life Insurance Corporation of India
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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.
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Q2 26/27 earnings summary5 Nov, 2026

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.

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Q3 26/274 Feb, 2027
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Q3 26/274 Feb, 2027

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