LIC Q2 Results: At Rs 10,053 crore, profit beats Street estimates; solvency ratio tops 200% mark

Life Insurance Corporation (LIC) Q2 FY26 Results: LIC on Thursday reported a net profit of Rs 10,053 crore for the quarter ended September 30, beating analysts' expectations by a wide margin. The state-run life insurance behemoth's quarterly net profit grew 31.9 per cent over the corresponding period a year ago.

LIC Q2 Results | Profit, premium income vs estimates

LIC's net premium income -- a key measure of revenue for insurance providers -- grew to Rs 1.26 lakh crore from Rs 1.20 lakh crore a year ago, according to a regulatory filing.

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While the net profit met the mark, premium income fell short of analysts' estimates.

According to Zee Business research, LIC was estimated to register a net profit of Rs 8,100 crore with a net premium income of Rs 1.29 lakh crore for the second quarter of the current financial year.

LIC Management Commentary | Very optimistic about GST 2.0, says CEO

“We at LIC are very optimistic about the positive impact of the GST changes announced for the Insurance Industry by the Government of India during September 2025. It is our firm belief that these changes are in the best interest of customers and will lead to further accelerated growth of the life insurance industry in India," said R Doraiswamy, CEO and MD, LIC.

LIC has ensured that all intended benefits of GST changes are passed onto the customers, he said.

As the leader of the life insurance industry in the country, LIC is aware of its responsibility to enhance both insurance penetration and density, and continue to focus its efforts and channel its energies into achieving 'Insurance for All by 2047', he said.

"We remain thankful to all our stakeholders for their continued support,” added Doraiswamy.

LIC Earnings | Asset quality improves

LIC reported an improvement in its asset quality.

Its gross non-performing assets (NPAs) -- or gross bad loans -- as a percentage of total assets came in at 1.34 per cent for the fiscal second quarter of FY26, decreasing from 1.42 per cent a year ago.

LIC solvency ratio

LIC's solvency ratio -- another key metric -- improved to 213 per cent from 198 per cent a year ago.

This ratio indicates a company's ability to meet its long-term financial obligations. It captures a firm's capacity to pay off its debts and financial commitments.

LIC shares vs Nifty50

Earlier on Thursday, LIC shares ended 1.2 per cent lower at Rs 895.5 apiece on BSE in a Mumbai market that weakened for a second straight trading session.

At the current level, the LIC stock has remained nearly flat for the year, underperforming a 7.4 per cent rise in the Nifty50 benchmark.