Life Insurance Corporation of India (LIC) said on Thursday that its net profit increased by 5 percent to Rs 10,987 crore in the June quarter of FY 2026.
This government -owned veteran life insurance company earned a net profit of Rs 10,461 crore in the first quarter a year ago.
LIC said in a regulatory filing that the total income increased to Rs 2,22,864 crore during the latest June quarter, compared to Rs 2,10,910 crore in the same period a year ago.
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LIC said during the quarter under review, the first year premium increased to Rs 7,525 crore as compared to Rs 7,470 crore in the same period of a year ago.
The insurer earned Rs 59,885 crore from the renewal premium, while in FY 2025 it was Rs 56,429 crore.
During the quarter, the net income from investment increased to Rs 1,02,930 crore, while it was Rs 96,183 crore in the April-June period of the previous financial year.
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