Life Insurance Corporation of India
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Life Insurance Corporation of India (LICI) investor relations material

Life Insurance Corporation of India Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary5 Feb, 2026

Executive summary

  • Maintained leadership in Indian life insurance with over 57% market share by first-year premium income for the nine months ended December 31, 2025, despite a slight decline year-over-year.

  • Total premium income grew 9.02% year-over-year to INR 371,293 crore for 9M FY26.

  • Profit after tax rose 16.68% year-over-year to INR 33,998 crore for 9M FY26.

  • Embedded Value increased 4.68% to INR 813,230 crore as of September 2025.

  • Focused on digital transformation, agency transformation, and expanding non-par product share.

Financial highlights

  • Individual new business premium income up 5.89% year-over-year to INR 44,941 crore; renewal premium up 6.75% to INR 191,050 crore.

  • Group business premium income up 13.56% year-over-year to INR 135,302 crore.

  • Non-par share of individual APE rose to 36.46% from 27.68% year-over-year.

  • Assets under management increased 8.01% year-over-year to INR 5,916,680 crore.

  • Overall expense ratio improved by 132 bps to 11.65%.

Outlook and guidance

  • Strategy centers on digital transformation, maximizing investment yield, and regaining market share in select categories and geographies.

  • Confident in sustaining growth and improving dividend payout, subject to board approval.

  • Ongoing efforts to enhance bancassurance and alternate channel contributions.

  • New labour codes notified; impact assessed and provisioned on an estimated basis, pending final rules.

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Q4 25/2626 May, 2026
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