LIC Quarterly Results FY27

LIC’s Q1 FY27 numbers show higher profit, premium income, and new business value compared with the same quarter last year.

• Net profit rose 22.81% year-on-year.
• Premium income reached ₹1.27 lakh crore.
• VNB increased 61.32% to ₹3,136 crore.
• VNB margin increased sharply to 22.9%.
• AUM rose 4.10% year-on-year.
• Solvency ratio improved further to 2.42.

If you own LIC shares or are thinking about tracking the company, the first thing you may want to know is simple: did LIC earn more money than last year?

The answer is yes.

LIC reported a net profit of ₹13,492 crore in Q1 FY27. In Q1 FY26, the profit was ₹10,986 crore.

That means profit increased by 22.81% in one year.

LIC also collected more premium from its insurance business. Total premium income increased from ₹1,19,200 crore to ₹1,27,250 crore.

Here is the simple comparison:

For a beginner, these numbers basically show whether LIC’s business became bigger or smaller compared with last year.

In Q1 FY27, most of these important numbers improved.

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LIC’s net profit increased from ₹10,986 crore to ₹13,492 crore.

This means LIC earned about ₹2,506 crore more profit compared with the same quarter last year.

Think of it like an auto driver comparing monthly earnings.

Suppose you earned ₹25,000 last month and ₹30,000 this month. Your income increased by ₹5,000.

In the same way, investors compare LIC’s profit with the same period of the previous year to understand whether earnings are moving up or down.

LIC’s total premium income also increased.

It rose 6.75% from ₹1,19,200 crore in Q1 FY26 to ₹1,27,250 crore in Q1 FY27.

Individual business premium reached ₹75,416 crore. Group business premium reached ₹51,834 crore.

First-year premium income increased to ₹9,217 crore from ₹7,525 crore.

Renewal premium income increased to ₹61,833 crore from ₹59,885 crore.

Single premium income also increased to ₹56,369 crore from ₹51,923 crore.

For investors, rising premium income shows how much money LIC is collecting through its insurance business.

However, premium income alone should not be used to judge the company. Profit, VNB, margins, expenses, and other numbers also matter.

LIC’s Value of New Business, or VNB, increased strongly in Q1 FY27.

VNB increased from ₹1,944 crore in Q1 FY26 to ₹3,136 crore in Q1 FY27.

This was an increase of 61.32%.

VNB may sound difficult, but the basic idea is simple.

It shows the value LIC expects to create from the new insurance business it has written during the period.

For example, imagine two shops both sell ₹1 lakh worth of goods.

One shop earns better margins from those sales. That business creates more value from the same level of sales.

VNB works differently from normal shop profit, but this example can help you understand why investors look at the number.

LIC’s VNB margin increased from 15.4% to 22.9%.

This was an improvement of 7.5 percentage points.

LIC’s overall Annualised Premium Equivalent, or APE, also increased.

APE rose 8.22% to ₹13,692 crore from ₹12,652 crore.

These numbers give investors another way to understand the quality and value of LIC’s new business.

LIC’s Assets Under Management, or AUM, increased during the quarter.

AUM rose from around ₹57.05 lakh crore on June 30, 2025, to ₹59.39 lakh crore on June 30, 2026.

This was a year-on-year increase of 4.10%.

AUM simply means the total value of assets that LIC manages.

For example, imagine you manage money for ten family members. If the total value of all that money and investments is ₹10 lakh, your AUM would be ₹10 lakh.

LIC works on a much larger scale.

Its solvency ratio also improved from 2.17 to 2.42.

The solvency ratio tells you whether an insurance company has enough financial strength to meet its obligations.

Think of it like keeping extra money aside for emergencies.

If your monthly household expense is ₹20,000 and you keep enough savings separately, you have a better financial cushion.

The solvency ratio plays a similar role when investors examine the financial health of an insurer.

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LIC continued to increase the share of non-participating, or Non-Par, products.

Non-Par APE increased from ₹2,142 crore to ₹2,447 crore.

This was an increase of 14.24%.

The share of Non-Par products in individual APE also increased from 30.34% to 32.49%.

Here is an easy way to understand this.

Suppose LIC had ₹100 of individual APE. In Q1 FY27, around ₹32.49 came from Non-Par products.

A year earlier, the figure was around ₹30.34.

LIC sold 31.02 lakh individual policies during Q1 FY27. It had sold 30.40 lakh policies in Q1 FY26.

Persistency numbers, however, were mixed.

Persistency tells you how many customers continue their insurance policies instead of stopping them.

On a premium basis, the 13th-month persistency ratio declined slightly from 75.63% to 75.33%.

The 61st-month ratio fell from 63.85% to 61.12%.

On the number-of-policies basis, the 13th-month ratio improved from 64.35% to 66.45%.

The 61st-month ratio declined from 51.12% to 48.74%.

LIC’s overall expense ratio also increased slightly from 10.47% to 10.63%.

So, not every operating number improved during the quarter.

LIC continued to focus on changing its product mix and increasing the share of Non-Par products.

The share of Non-Par products in individual APE increased from 30.34% to 32.49%.

LIC’s overall APE also increased by 8.22% to ₹13,692 crore.

Group business APE increased 10.20% to ₹6,160 crore.

LIC also continued working on product diversification and its distribution network.

Its overall market share based on First Year Premium Income stood at 60.10% in Q1 FY27.

For an investor, these numbers help show where LIC’s new business is coming from and how its business mix is changing.

LIC’s Q1 FY27 results show growth in profit, premium income, VNB, and assets under management. Net profit rose to ₹13,492 crore, while VNB increased to ₹3,136 crore. The solvency ratio also improved to 2.42. However, some persistency ratios declined, and the expense ratio increased slightly. Investors should look at all these numbers together instead of focusing only on profit. This gives a clearer picture of LIC’s business performance and financial position during the quarter.