LIC Q4 profit rises 23% to ₹23,42

Life Insurance Corporation of India (LIC) on Thursday reported 23 per cent rise in March quarter net profit to ₹23,420 crore.

The country’s largest insurance company had earned a profit of ₹19,013 crore in the same quarter a year ago.

The insurer’s total income rose to ₹2,53,592 crore during the quarter under review, from ₹2,22,805 crore in the same period last fiscal, LIC said in a regulatory filing.

LIC’s income from first-year premium also rose to ₹12,970 crore in the latest January-March quarter from ₹11,069 crore in the same period last fiscal.

Income from renewal premium increased to ₹81,933 crore in the period under review compared to ₹79,138 crore a year ago.

For the full financial year ending March 2026, the insurer posted a profit of ₹57,419 crore compared to ₹48,151 crore in the previous financial year, registering a growth of 19 per cent.

Total income during the financial year increased to ₹9,73,288 crore from ₹8,84,148 crore in the previous financial year.

The insurance company’s board recommended a final dividend of ₹10 per equity share (equivalent to ₹20 on a pre-bonus issue basis) for 2025-26, subject to shareholders’ approval.