Life Insurance Corporation Of India earnings calls.

LIC reported H1 FY26 PAT growth of 16.36% to Rs 21,040 croreCurrent reported value: 16.36% to Rs 21,040 crore. No comparable prior figure is available in the source record., driven by VNB margin expansion of 140bps YoY to 17.6%Current 140bps YoY to 17.6%. Reported change: +140bps YoY. and strong cost control (expense ratio down 146bps to 11.28%). The non-par business mix improved sharply to 36.31%Current non-par business mix improved sharply to 36.31%. Reported change: +1,000bps YoY. of individual AP from 26.31%, reflecting successful product strategy execution with 30.47% YoY growth in non-par APCurrent reported value: 30.47% YoY growth in non-par AP. No comparable prior figure is available in the source record.. While total premium grew 5.14Current reported value: 5.14. No comparable prior figure is available in the source record.% YoY, new policy count declined 20.8%Current reported value: new policy count declined 20.8%. No comparable prior figure is available in the source record. to 72.61 lakh due to minimum ticket size increases under new regulations and GST exemption-related buying deferral in September. Bancassurance channel showed exceptional 67.62% growthCurrent reported value: 67.62% growth. No comparable prior figure is available in the source record. to Rs 22,410 crore. Management expressed confidence in margin trajectory continuation and expects policy count recovery in H2 with Q3 showing strong traction. Key risk remains GST input tax credit unavailability impacting future margins, though management expects volume growth to offset this. The RBC framework impact remains uncertainCurrent reported value: RBC framework impact remains uncertain. No comparable prior figure is available in the source record. pending regulatory discussions.