LIC Q2 net profit surges 32 pc to Rs 10,053 crore
GST
Dated:- 6-11-2025
PTI
New Delhi, Nov 6 (PTI) State-owned insurer LIC on Thursday reported a 32 per cent jump in net profit to Rs 10,053 crore for the second quarter ended September 30, aided by a lower commission outgo.
The country's biggest insurer had reported a net profit of Rs 7,621 crore in the year-ago period.
The total income improved to Rs 2,39,614 crore in the latest September quarter compared to Rs 2,29,620 crore in the year-ago period, LIC said in a regulatory filing.
Its net premium income increased to Rs 1,26,479 crore in the second quarter of the current fiscal from Rs 1,19,901 crore in the same period a year ago.
During the quarter, renewal premium moved up
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O and MD R Doraiswamy said.
LIC has ensured that all intended benefits of GST changes are passed onto the customers, he said.
During the quarter, overall market share of LIC slipped below 60 per cent to 59.41 per cent for half year ended September 30, 2025 as compared to 61.07 per cent of first half of last financial year. Asked about the decline in market share, Doraiswamy said the focus of LIC would be on profitability and margin growth.
As far as commission outgo is concerned, it moderated to Rs 5,772 crore in the second quarter from Rs 6,542 crore in the same period a year ago.
The total expenses rose to Rs 2,30,160 crore in the quarter against Rs 2,22,366 crore in the same period a year ago..
The solvency ratio increased to 213 pe
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H1 FY26 was 36.31 per cent as compared to 26.31 per cent for the similar period of previous year.
Total premium during the first half rose to Rs 1,50,715 crore from Rs 1,44,696 crore in the same period a year ago.
“While we expand our overall profitability through diversified product mix and channel mix, we are also working towards optimising costs, and for H1 FY26 our overall expense ratio has decreased by 146 bps to 11.28 per cent,” he said.
As the leader of the life insurance industry in India, he said, “We are aware of our responsibility to enhance both insurance penetration and density and continue to focus our efforts and channel our energies into achieving Insurance for All by 2047,” he said. PTI DP DP MR
News – Press release
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