Life Insurance Corporation of India Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹2,35,954Cr
- +15.8% YoY
- −2.3% QoQ
- Net profit
- ₹12,908Cr
- +17.2% YoY
- +27.9% QoQ
- Margin
- 5%
- −1 pp YoY
- +1.1 pp QoQ
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The short version
LIC aims for continuous, sustained profitable growth focusing on improving new business performance and top-line growth. LIC reported a 16.68% year-on-year growth in Profit After Tax (PAT) for the nine months ended December 31, 2025, indicating strong earnings momentum.
From Life Insurance Corporation of India's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- LIC aims for continuous, sustained profitable growth focusing on improving new business performance and top-line growth.
- The company is dynamically managing its product portfolio, launching new products like "Jeevan Utsav Single Premium" while withdrawing others, to cater to evolving market needs.
- Bancassurance and alternate channels have shown strong premium growth (40%+ for banks and 126%+ for alternate channels), with efforts to further enhance these channels and increase cost efficiency.
- Average ticket size in par business has increased due to product interventions, expected to improve margins going forward.
- LIC is actively working on persistency improvements through higher minimum ticket sizes and revival campaigns targeting lapsed policies.
2 more points from Life Insurance Corporation of India's call on revenue
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Profitability & Margins
LIC reported a 16.68% year-on-year growth in Profit After Tax (PAT) for the nine months ended December 31,…
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Capital Expenditure Plans
- LIC is evaluating opportunities to enhance its investment portfolio, particularly looking at increasing its stake in a health insurance company.
- LIC remains open to viable opportunities in the health insurance sector.
- The focus remains on sustainable growth, operational efficiency, and improving premium contributions from various channels rather than announcing large capex programs at this time.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
The government is expected to reduce its holding in LIC by 10% within five years from the IPO date,…
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Order Book & Pipeline
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Life Insurance Corporation of India — Quarterly revenue & net profit
Life Insurance Corporation of India Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 2,35,954 | 2,03,751 | +15.8% | 2,41,524 | -2.3% |
| Operating profit (EBITDA) | 12,366 | 11,934 | +3.6% | 9,492 | +30.3% |
| Operating margin | 5% | 6% | -1 pp | 3.9% | +1.1 pp |
| Profit before tax | 13,188 | 12,752 | +3.4% | 10,537 | +25.2% |
| Net profit (PAT) | 12,908 | 11,009 | +17.2% | 10,096 | +27.9% |
| EPS (₹) | 10.22 | 8.70 | +17.5% | 7.98 | +28.1% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.7L Cr, net profit ₹12.1K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Life Insurance's management said in earlier quarters
Others in Insurance this season
- HDFC Life Insurance Company (Q3 FY26)
Profit after tax (PAT) grew 7% to Rs. Key concall takeaways from HDFC Life Insurance Company Ltd's Q3 FY26 earnings call — and how it ranks against sector…
- Medi Assist Healthcare Services (Q3 FY26)
Expansion of technology-led revenue streams, especially from SaaS products like MAtrix and AI-driven solutions such as MAven Guard, with tech revenues growing…
- Canara HSBC (Q3 FY26)
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- Niva Bupa Health (Q3 FY26)
Overall growth in Q3 was 31%, and 26% for the first 9 months, indicating strong upward momentum. Key concall takeaways from Niva Bupa Health Insurance Company…
Potential multibaggers · Q2 FY27
Potential multibaggers in Insurance
on management's own guidance
- Max FinancialModerate growth2
- Niva Bupa HealthGood growth1
- HDFC Life Insurance CompanyModerate growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Life Insurance Corporation of India Q3 FY26 results?
LIC aims for continuous, sustained profitable growth focusing on improving new business performance and top-line growth. LIC reported a 16.68% year-on-year growth in Profit After Tax (PAT) for the nine months ended December 31, 2025, indicating strong earnings momentum.
What is Life Insurance Corporation of India share price analysis?
Life Insurance Corporation of India currently shows a neutral. The stock trades at a P/E of 8.7 with a market cap of ₹523,077 Cr. Investors should review the full earnings analysis for detailed insights.
Is Life Insurance Corporation of India planning capital expenditure?
LIC is evaluating opportunities to enhance its investment portfolio, particularly looking at increasing its stake in a health insurance company.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.