ALFA Finder
The call ran from 6:59 PM to 8:17 PM IST (1 h 18 min).
Key takeaways
LIC H1 FY27 PAT rose 21.5% to ₹25,568 Cr and VNB grew 34% at a 22.3% margin, but ULIP APE de-growth and RFR headwinds temper momentum.
| Revenue growth | Total premium +11.64% YoY to ₹2,74,269 Cr; individual NBP +14.86%. |
|---|---|
| Margins | VNB margin 22.3% vs 17.6%, +470bps; QoQ down from 22.9% on RFR. |
| Demand visibility | ULIP APE down >40%; protection and non-par savings growing; expects H2 convergence. |
| Management confidence | Balanced; acknowledges RFR and ULIP headwinds, but relies on 'hope' language. |
Growth
Total premium +11.64%; individual NBP +14.86%; protection APE +58.59%; ULIP APE down over 40% drags total APE to +5.72%.
Outlook
No quantified guidance; management cites a 'very positive' FY28 margin outlook without numbers.
Risks
Sequential VNB margin fell 22.9% to 22.3% on RFR; premium-cohort persistency weakened; pending commission caps and RBC capital uncertainty.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Life Insurance Corporation of India Q2 FY27 Results: Net Profit ₹12,115 Cr, Up 20.0% YoY
Life Insurance Corporation of India reported revenue from operations of ₹263,073 Cr (+9.5% YoY) and net profit of ₹12,115 Cr (+20.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹12,115 Cr · +20.0% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting mid-20s VNB margins by fiscal year-end; focusing on value-accreting non-par and protection lines.
Growth they described
Total premium income grew 6.75% YoY to ₹127,250 crore. Individual new business premium rose 14.48%.
Call details
| Company | Life Insurance Corporation Of India |
|---|---|
| NSE symbol | LICI |
| ISIN | INE0J1Y01017 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 7:00 PM IST |
| Length | 1 h 18 min |
Life Insurance Corporation Of India: key numbers
- Share price
- ₹399.30
- Market cap
- ₹5,05,114 Cr
- Revenue (annual)
- ₹9,77,772 Cr
- Net profit (annual)
- ₹57,453 Cr
- P/E (TTM)
- 8.1×Sector 21.0×
- Promoter holding
- 90.00%-6.50% QoQ
- FII holding
- 1.55%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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