ALFA Finder| Revenue growth | Total Premium Income grew 6.75% YoY in Q1 FY27. |
|---|---|
| Margins | VNB margins expanded significantly by 7.5% absolute YoY. |
| Demand visibility | Strong growth in Individual New Business Premium, up 14.48%. |
| Management confidence | High, focused on increasing high-margin Non-Par product share. |
Growth
VNB increased 61.32% YoY to INR 3,136 Cr; VNB Margin expanded from 15.4% to 22.9%.
Outlook
Focus on shifting product mix towards high-margin Non-Par products, which reached 32.49% of individual APE.
Risks
Market share in premium decreased 3.41% absolute to 60.10%. 61st-month persistency remains below 50% on policy basis.
Last quarter's promises, checked
Delivered
- Target cross 20% VNB margin → delivered 21.2% (= BEAT)
- Target VNB growth → delivered 41.63% YoY (= BEAT)
- Consolidate Non-Par APE share at ~35% → delivered 35.11% (= BEAT)
Partly delivered
- Improve persistency across cohorts → delivered 13th/25th month soft on premium basis (= PARTIAL)
Missed
- Maintain market leadership → delivered 3.41% absolute drop in premium share (= MISS)
Investor Presentation filed with BSE, NSE: LICI. Summary written with AI assistance from the document.
Life Insurance Corporation of India: key numbers
- Share price
- ₹404.00
- Market cap
- ₹5,11,060 Cr
- Revenue (annual)
- ₹9,77,772 Cr
- Net profit (annual)
- ₹57,453 Cr
- P/E (TTM)
- 8.2×Sector 20.8×
- 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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