LIC adopts standalone financial results

By Our Reporter

By Our Reporter

MUMBAI, May 21: The Board of Directors of Life Insurance Corporation of India (LIC) approved and adopted the standalone and consolidated financial results for the year ending March 31st, 2026. The key highlights of the standalone results revealed that the Profit after Tax (PAT) for the year ended March 31st 2026, was Rs 57,419 crore as compared to Rs 48,151 crore for the year ended March 31, 2025, thereby registering an increase of 19.25%. The Board of Directors has recommended a final dividend of Rs 10 per equity share of Rs 10 each (equivalent to Rs 20 per equity share pre-bonus issue basis) for the Financial Year 2025-26, subject to approval of shareholders in the general meeting of the corporation. In terms of market share measured by First Year Premium Income (FYPI) (as per IRDAI), LIC continues to be the market leader by market share in the Indian life insurance business with an overall market share of 56.66% for FY 26 as compared to 57.05% for FY25. For the year ended March 31st 2026, LIC had a market share of 36.60% in the Individual business and 70.11% in the Group business. The Total Premium Income for the year ended March 31, 2026, was Rs 5,35,984 crore as compared to Rs 4,88,148 crore for the year ended March 31st 2025, registering a growth of 9.80%.