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LIC Declares 1:1 Bonus, Ex-Dividend Date Set
22 May
Summary
- LIC announced a 1:1 bonus issue with May 29 as the record date.
- Q4 consolidated net profit rose 23% year-on-year to Rs 23,467 crore.
- A final dividend of Rs 10 per share for FY 2025-26 was recommended.
Life Insurance Corporation of India (LIC) has declared a 1:1 bonus share issue, with May 29 designated as the record date for determining shareholder eligibility. This strategic move by the board follows a strong Q4 performance.
LIC reported a substantial 23% year-on-year rise in its consolidated net profit for the fourth quarter, which stood at Rs 23,467 crore, up from Rs 19,039 crore in the corresponding period last year. The company's net premium income also saw an 11% year-on-year increase, reaching Rs 1.64 lakh crore.
In addition to the bonus shares, LIC's board has recommended a final dividend of Rs 10 per share for the financial year 2025-26. The record date for this dividend payment is set for June 25, 2026.
The insurer also reported a 19% year-on-year increase in profit after tax (PAT) for the full financial year, amounting to Rs 57,419 crore. Key business metrics like Value of New Business (VNB) and individual non-par APE showed significant growth, indicating operational strength.
