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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.
- Market leader with strong growth, digital innovation, and top ESG rating in FY26.LICI
Corporate presentation - PAT up 19.25% YoY to ₹57,419 crore; premium income, solvency, and VNB margin all improved.LICI
Q4 25/26 - Premiums and profits rose, with higher VNB margin, digital growth, and strong solvency.LICI
Q3 25/26 - Profit, premium income, and VNB margin rose; digital and non-par segments expanded.LICI
Q2 25/26 - Premiums and profits rose, with improved solvency and digital initiatives driving growth.LICI
Q1 24/25 - Premiums, profit, and embedded value rose, with digital and product expansion fueling growth.LICI
Q2 24/25 - Premiums, profit, and AUM rose, with higher non-par share and stable solvency ratios.LICI
Q3 24/25 - Profit up 18.38%, premium and Embedded Value rose, digital and Non-Par growth continued.LICI
Q4 24/25 - Premiums, profit, and solvency rose; digital, non-par, and a ₹12 dividend proposal led growth.LICI
Q1 25/26
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