Life Insurance Corporation Of India — Q2FY27 earnings call summary

Filed 13 November 2026 · Official transcript

Management confident on margin outlook for FY28 despite RFR volatility
H1 FY27 profit after tax grew 21.52% y-y to Rs 25,568 Cr
Group business premium up 20% y-y; market share dip due to cyclical factors
VNB increased 33.95% y-y to Rs 6,846 Cr; VNB margin improved 470 bps to 22.3%
Hedging program covers ~80% of non-par premiums; focus on margin-accretive products
Total premium income rose 11.64% y-y to Rs 274,269 Cr; individual new business up 14.86%
Solvency ratio improved to 2.35 from 2.13 y-y; AUM grew 4.16% y-y to Rs 59.6 tn
Focus on product mix, ticket size, operational efficiency to improve margins further