Life Insurance Corporation of India (LICI) Earnings Call Transcripts

Life Insurance Corporation of India's Latest Earnings Call - Q4 FY2026

In the fiscal year ended March 31, 2026, Life Insurance Corporation of India (LIC) reported a total premium income of INR 535,984 crores, reflecting a 9.8% year-on-year growth. The profit after tax (PAT) surged to INR 57,574 crores, a 19.25% increase from the previous year, driven by a significant rise in value of new business (VNB) which grew by 41.6% to INR 14,178 crores. Management maintained a positive outlook, highlighting an improved VNB margin of 21.2%, up 360 basis points year-on-year, and indicated a focus on enhancing operational efficiency and digital initiatives moving forward.

Reported metrics

Guidance from management

Management maintained a positive outlook for FY '27, focusing on enhancing digital initiatives and improving persistency metrics. They indicated that the growth trajectory in VNB and margins is expected to continue, although they remain cautious about future regulatory impacts on capital and dividends.

What management said

So we have given you a total [indiscernible] as compared to March 2027. If you look at on. If you look at the power [indiscernible], which is about 42% of the APE is contributing to the extent of 8% of VNB margin to that sort of VNB. Now [indiscernible] look at business individual non-par business contribution 22.75% is the proportion of APE, which is contributing to the extent of [indiscernible] of VNB. Similarly fo...

There are 2 components to it. One is the realization of the fair value change, which happened in -- and thus, some portion and definitely is related to the market proposition as of [indiscernible] 2026 as compared to 31st March 2025.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of VNB growth and margin expansion, particularly in light of potential regulatory changes and market volatility. Questions were raised about the persistency rates and the impact of product mix on future profitability.

Main topics on the call

• Strong VNB Growth — The value of new business (VNB) grew by 41.6% year-on-year to INR 14,178 crores, marking a significant milestone for LIC. Management stated, "We are quite happy with the rapid gains in VNB growth given that it was only l...
• Improved VNB Margin — The VNB margin improved by 360 basis points to 21.2%, indicating enhanced profitability. Management noted that the margin increase was due to a favorable mix of business, stating, "The business mix, which has been put in...
• Market Share Stability — LIC's overall market share slightly decreased to 56.6% from 57.05% year-on-year, with individual business share at 36.6% and group business at 70.11%. Management emphasized their continued leadership in the Indian insura...
• Digital Initiatives and Operational Efficiency — Management highlighted a focus on digital transformation, with a significant increase in policies processed through digital channels, growing by 56.08%. They stated, "We hope that people logging to this call and those wh...

Read the full Life Insurance Corporation of India transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 13 Life Insurance Corporation of India earnings call transcripts on record, spanning August 12, 2022 to August 6, 2026. Based on this history, Life Insurance Corporation of India reports semi-annually. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LICI

Exchange

NSEI

Country

IN

Sector

Financials

Industry

Insurance

Calls on record

13

First call

August 12, 2022

Most recent

August 6, 2026

Reporting cadence

semi-annually