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Life Insurance Corporation of India (LICI) investor relations material
Life Insurance Corporation of India Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Market share by first-year premium income stood at 60.10% for Q1 FY27, down from 63.51% in Q1 FY26, maintaining leadership in both individual and group segments.
Total premium income grew 6.75% year-over-year to ₹1,27,250 crore.
Profit after tax rose 22.81% year-over-year to ₹13,492 crore.
Value of New Business (VNB) margin improved by 750 bps to 22.9%; VNB grew 61.32% year-over-year to ₹3,136 crore.
Assets under management (AUM) increased 4.10% year-over-year to ₹59,39,384 crore.
Financial highlights
Individual new business premium income grew 14.48% year-over-year to ₹14,351 crore.
Group business premium income rose 8.61% year-over-year to ₹51,834 crore.
Annualized Premium Equivalent (APE) increased 8.22% to ₹13,692 crore.
Non-par share of individual APE increased to 32.49% from 30.34% year-over-year.
Weighted received premium (individual) up 18.01% to ₹8,053 crore.
Outlook and guidance
Management expects continued improvement in VNB margin and profitability, focusing on value-accretive business lines, digital and agency transformation, and operational efficiency.
Non-par growth is expected to continue, with ULIP recovery dependent on market conditions.
No formal guidance provided, but margins are expected to improve further from Q1 levels.
Focus on profitability, market share retention, and human resource alignment with emerging market needs.
The company aims to maintain strong VNB growth and margin expansion through innovative product launches and distribution strategies.
- 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 - Premium and profit grew; product and channel diversification is the next strategic test.LICI
Q4 21/22
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