LIC Reports 5% Profit Growth in Q1 FY26
Life Insurance Corporation of India (LIC) showcased impressive growth in Q1 FY26, with a net profit of Rs 10,987 crore, up 5% from the previous year. The net premium income also saw a 5% rise to Rs 1.19 lakh crore. Notably, the solvency ratio improved to 2.17%, indicating strong financial health. While new policy sales faced challenges due to regulatory changes, renewals significantly boosted earnings. The value of new business surged by 20.75% to Rs 1,944 crore, signaling positive trends in the insurance sector. LIC holds a substantial market share, reflecting its dominance in the industry.
