Q2 2026 Life Insurance Corporation Of India Earnings Call Transcript
Key Points
- Life Insurance Corporation of India (BOM:543526) reported a 16.36% year-on-year growth in profit after tax for the six months ended September 30, 2025.
- The company's total premium income increased by 5.14% year-on-year, reaching INR2,45,680 crores for the six months ended September 30, 2025.
- The net VNB margin improved by 140 basis points to 17.6% for the six months ended September 30, 2025.
- Assets under management grew by 3.31% year-on-year, reaching INR57,22,896 crores as of September 30, 2025.
- Bancassurance and Alternate Channels showed strong growth, with a 67.62% increase in new business premium income year-on-year.
- Market share by first-year premium income decreased from 61.07% to 59.41% year-on-year.
- The individual new business premium income dropped by 3.54% year-on-year.
- The number of new policies sold decreased significantly from 91,70,420 to 72,60,573 year-on-year.
- Persistency rates showed a decline in the 13th and 25th month cohorts on a premium basis.
- The Indian Embedded Value (IEV) decreased by 1.03% year-on-year.
(audio in progress) Our results declared today have been uploaded along with the press release and the investor presentation on our website as well as the websites of both the exchanges, BSE and NSE.
Along with me on this call, I have three Managing Directors, Shri Sat Pal Bhanoo, Shri Dinesh Pant, and Shri Ratnakar Patnaik. Senior officials of the corporation present on this call are Shri Ajay Kumar Shrivastava; Appointed Actuary and Executive Director, Actuarial, from the actuarial team; Shri Sunil Agrawal, CFO from the Finance team; Shri R. Chander, Executive Director, Investment Front Office and Chief Investment Officer; Shri Sanjay Kumar Shrivastava, Executive Director, Investment Back Office, from the investment team.
From the marketing team, we have Shri Govind Agarwal, Executive Director, Marketing, Product Development; Mr. Hemant Buch, Executive Group, In Charge of Marketing through Bancassurance and Alternate Channel; Shri K. Sesha Giridhar, Executive Director of Pension
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