early times report
New Delhi, Nov 8: Profit After Tax increased by 16.36% to Rs. 21,040 crore. • Total Premium Income increased by 5.14% to Rs. 2,45,680 crore. • Individual Business Non Par APE increased by 30.47% to Rs 6,234 crore. • Non Par APE share within Individual business at 36.31% for H1FY26 as compared to 26.31% for H1FY25. • Group Business APE increased by 20.30% to Rs. 11,864 crore. • Overall APE increases by 3.60% to Rs. 29,034 crore. • Value of New Business (VNB) increased by 12.30% to Rs 5,111 crore. • VNB Margin (Net) increased by 140 bps to 17.6% • Overall Expense ratio reduced by 146 bps to 11.28% for H1FY26 from 12.74% for H1FY25. • AUM increased by 3.31% to Rs 57.23 lakh crore. • Solvency Ratio increased to 2.13 from 1.98 Mumbai, November 6th, 2025: The Board of Directors of Life Insurance Corporation of India (“LIC”) approved and adopted the standalone and consolidated financial results for the six months ending September 30th, 2025. Below are the key highlights of our standalone results.
The Profit After Tax (PAT) for the half year ended September 30th, 2025 was Rs. 21,040 crore as compared to Rs. 18,082 crore for the half year ended September 30th, 2024 registering a growth of 16.36%.
In terms of market share measured by First Year Premium Income (FYPI) (as per IRDAI), LIC continues to be the market leader in Indian life insurance business with overall market share of 59.41% for half year ended September 30th 2025 as compared to 61.07% for half year ended September 30th 2024.
For the half year ended September 30th, 2025, LIC had a market share of 37.21% in Individual business and 72.74% in the Group business.
The Total Premium Income for six months period ended September 30th, 2025 was Rs. 2,45,680 crore as compared to Rs. 2,33,671 crore for the six months period ended
September 30th 2024, registering a growth of 5.14%.
Individual New Business premium income for six months period ended September 30th, 2025 was Rs. 28,491 crore as compared to Rs 29,538 crore for the six months period ended September 30th 2024, registering a decrease of 3.54%. The Individual Renewal premium income for six months period ended September 30th, 2025 was Rs. 1,22,224 crore as compared to Rs 1,15,158 crore for the six months period ended September 30th 2024, registering an increase of 6.14%. The Total Individual Business Premium for the six months period ended September 30th, 2025 increased to Rs. 1,50,715 crore from Rs. 1,44,696 crore for the comparable period of previous year, registering an increase of 4.16%. The Group
Business total premium income for six months period ended September 30th, 2025 was Rs. 94,965 crore as compared to Rs 88,975 crore for the six months period ended September 30th 2024, registering an increase of 6.73%.
On an Annualized Premium Equivalent (APE) basis, the total premium was Rs. 29,034 crore for the six months period ended September 30th, 2025. Of this 59.14% (Rs.17,170 crore) was accounted for by the Individual Business and 40.86% (Rs. 11,864 crore) by the Group Business. Within the Individual Business, the share of Par products on APE basis was 63.69% (Rs. 10,936 crore) and balance 36.31% (Rs. 6,234 crore) was due to Non Par products. The Individual Non Par APE has increased to Rs. 6,234 crore for the six months period ended September 30th, 2025 from Rs. 4,778 crore for the six months period ended September 30th, 2024 registering a growth of 30.47%. Therefore on APE basis, our Non Par share of Individual business has increased to 36.31% for the six months period ended September 30th, 2025, as compared to 26.31% for the six months period ended September 30th, 2024.
A total of 72,60,573 policies were sold in the individual segment during the six months period ended September 30th, 2025 as compared to 91,70,420 policies sold during the six months period ended September 30th 2024, registering a decrease of 20.83%.
The Value of New Business (VNB) for the six months period ended September 30th, 2025 was Rs. 5,111 crore as compared to Rs. 4,551 crore for the six months period ended September 30th, 2024, registering a growth of 12.30%. The Net VNB margin for the six months period ended September 30th, 2025 increased by 140 bps to 17.6% as compared to 16.2% for the six months period ended September 30th, 2024.
The Indian Embedded Value (IEV) as on September 30th,2025 has been determined as Rs. 8,13,230 crore as compared to Rs. 8,21,716 crore as on September 30th, 2024 registering a decrease of 1.03% over the previous year.
The Solvency Ratio as on September 30th, 2025 increased to 2.13 as against 1.98 on September 30th, 2024.
For the six months period ended September 30th, 2025, the persistency ratios on premium basis for the 13th month and 61st month were 75.29% and 63.81%, respectively.
The comparable persistency ratios for the corresponding period ended September 30th
, 2024 were 77.62% and 61.46%, respectively.
For the six months period ended September 30th, 2025, the persistency ratios on number
of policies basis for the 13th month and 61st month were 63.36% and 51.50%, respectively.
The comparable persistency ratios for the corresponding period ended September 30th
, 2024 were 67.23% and 48.92%, respectively.
The Assets Under Management (AUM) increased to Rs. 57,22,896 crore as on September
30th, 2025 as compared to Rs. 55,39,516 crore on September 30th, 2024 registering an
increase of 3.31% year on year.
The Overall Expense Ratio for the six months period ended September 30th, 2025
decreased by 146 bps to 11.28% as compared to 12.74% for the six months period ended
September 30th 2024.
The Yield on Investments on policyholders funds excluding unrealized gains was 8.90%
for the six months period ended September 30th, 2025 as against 9.02% for six months
period ended September 30th, 2024.
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