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LIC Q3 Results: Life Insurance Corporation of India (LIC) on Wednesday reported a strong set of earnings for the December quarter, supported by higher premium mobilisation, steady investment income and improved profitability on a sequential basis.

The country’s largest life insurer posted a 17.2 per cent year-on-year rise in standalone net profit at Rs 12,958.22 crore for Q3 FY26, compared with Rs 11,056.47 crore in the same quarter last year. On a sequential basis, profit after tax jumped 28 per cent from Rs 10,098 crore in Q2 FY26.

For the nine months ended December 31, 2025, LIC’s standalone net profit stood at Rs 33,998.12 crore.

Net premium income grew 17.5 per cent year-on-year to Rs 1,25,613.36 crore in the December quarter. However, on a quarter-on-quarter basis, net premium income declined marginally by 0.7 per cent.

Income from investments remained a key support, rising 14.1 per cent year-on-year to Rs 1,07,608.28 crore in Q3 FY26.

First-year premium recorded strong growth of 45.6 per cent at Rs 10,604.60 crore, while single premium rose 30.5 per cent to Rs 45,872.85 crore during the quarter. Earnings per share for the quarter stood at Rs 20.49.

LIC sold 1,16,63,856 policies in the individual segment during the nine months ended December 31, 2025. This was marginally lower than 1,17,10,505 policies sold in the corresponding period last year, a decline of 0.40 per cent.

On an annualised premium equivalent (APE) basis, total premium for the nine-month period stood at Rs 44,007 crore. Of this, individual business contributed 62.61 per cent, or Rs 27,552 crore, while group business accounted for 37.39 per cent, or Rs 16,455 crore.

Within individual business, participating products formed 63.54 per cent of APE at Rs 17,507 crore. Non-participating products made up the remaining 36.46 per cent at Rs 10,045 crore.

The individual non-par APE rose sharply to Rs 10,045 crore for the nine months ended December 31, 2025, from Rs 6,813 crore a year earlier, registering a growth of 47.44 per cent.

LIC’s solvency ratio improved to 2.19 as of December 2025, compared with 2.02 a year ago, remaining well above regulatory norms.

On a consolidated basis, net profit for Q3 FY26 stood at Rs 12,930.44 crore, supported by a share of profit of Rs 1,651.22 crore from associates, including IDBI Bank and LIC Housing Finance.

The life non-participating segment was the largest contributor to surplus at Rs 11,257.37 crore during the quarter. The life participating segment reported a marginal net deficit of Rs 38.98 crore, mainly due to regulatory adjustments linked to past expenses and pension-related liabilities, as highlighted in the auditors’ report.