Life Insurance Corporation of India (LIC) reported a standalone net profit of Rs 10,987 crore for Q1 FY26. This marks a rise of 5 percent on-year from the Rs 10,461 crore net profit reported in Q1 FY25.

The firm’s net premium income also rose 5 percent year-on-year to Rs 1.19 lakh crore during the April-June quarter of financial year 2026. The insurer had earlier reported net premium income at Rs 1.14 lakh crore during the corresponding quarter of the previous financial year.

LIC's solvency ratio rose to 2.17 percent in Q1 FY26, from 1.99 percent in Q1 FY25. Asset quality meanwhile improved, with gross non performing assets (NPA) and net NPA reducing 21 percent and 36 percent on-year to Rs 8,436.5 crore and Rs 4 crore respectively. Gross NPA ratio stood at 1.42 percent during the quarter under review, as against 1.95 percent in the same period last year.