LIC Q2 FY27: Profit +20% to ₹12,076 Cr, VNB Margin 22.3%

🏦 LIC Q2 FY27 results are out: LICI reported a standalone net profit of ₹12,076 Cr, up ~20% YoY from ₹10,053 Cr. Margins improved sharply, but first-year premium slipped. Here is a quick breakdown of what the numbers say. What this analysis covers: ✅ Premium income: Q2 premium income ₹1.47 lakh Cr, up ~16% YoY; single premium up ~35% ✅ Mixed signal: first-year premium ₹10,432 Cr, down ~3.7% YoY, while renewal premium rose ~5% to ₹68,375 Cr ✅ Profitability: H1 FY27 VNB ₹6,846 Cr (+34% YoY), net VNB margin 22.3% vs 17.6% a year ago ✅ Balance sheet: AUM ~₹59.6 lakh Cr (+4% YoY), solvency ratio 2.35 vs 2.13 ✅ What to track next: product mix shift towards non-par policies, agency momentum and competition from private insurers 💬 Your view: is LIC's margin improvement more important than the dip in first-year premium? Share your thoughts in the comments. 📲 For daily market notes, search "Neha Gupta SEBI RA" on Telegram and join the FREE channel. Neha Gupta | SEBI Registered Research Analyst | Reg. No. INH000016542 ⚠️ Disclaimer: This content is for educational purposes only and is not investment advice or a buy/sell recommendation. Investments in the securities market are subject to market risks. Read all related documents carefully before investing.