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LIC Board to Consider Bonus Shares Next Week
8 Apr
Summary
- LIC's board will convene on April 13, 2026, to evaluate bonus share recommendations.
- The company's net profit increased by 28% sequentially in the December quarter.
- LIC's stock saw a significant jump amid broader market gains and positive news.
Life Insurance Corporation of India (LIC) experienced a notable stock price increase, reaching ₹783.25 per share on Wednesday. This positive movement follows the company's announcement that its board of directors will convene on Monday, April 13, 2026. The primary agenda for this meeting is to consider and recommend the issuance of bonus shares, pending shareholder approval.
The company's financial performance for the quarter ending December 31, 2025, also contributed to the optimistic outlook. LIC reported a sequential net profit growth of 28%, even as net premium income saw a minor decrease of 0.7% quarter-on-quarter.
In its individual business segment, LIC sold 1,16,63,856 policies during the nine months ending December 31, 2025, a slight decrease of 0.40% compared to the same period last year. On an Annualised Premium Equivalent (APE) basis, the total premium for the nine months of 2026 stood at ₹44,007 crore.
Despite a year-to-date decline of 8.54% and a 0.61% drop over the past year, LIC's stock has delivered over 41.68% returns in the three years since its listing in 2022. The recent rally was also bolstered by a broader market surge on the Indian stock exchange.
