Life Insurance Corporation Of India — Q1FY27 Earnings Call Summary

LICI · Q1FY27 · Filed 12 Aug 2026

Key Takeaways

• Q1 FY27 profit after tax grew 22.81% y-y to 13,492 Cr; total premium income up 6.75% y-y to 127,250 Cr
• Management expects margins to improve further in FY27; ULIP sales impacted by market volatility but expected to recover
• Protection business growing strongly, driven mainly by individual agents; bancassurance impacted by external factors but expected to improve
• Solvency ratio pre-dividend at 2.42, expected to support business growth and regulatory changes
• VNB margin improved 750 bps y-y to 22.9%; VNB grew 61.32% y-y to 3,136 Cr
• Non-par individual APE share rose to 32.49%; focus on margin-accretive non-par savings and protection
• Individual new business premium grew 14.48% y-y; group business premium up 8.61% y-y
• Assets under management increased 4.1% y-y to 59.39 lakh Cr; solvency ratio improved to 2.42
• Bancassurance and alternate channels grew 5.25% y-y; agent count declined 2.73% due to weeding out non-serious agents
• Expense ratio increased 16 bps y-y to 10.63% due to GST input tax credit loss

📄 Source: View original transcript (PDF)

Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.