Life Insurance Corporation of India (LIC) shares rose around 5% on Friday after the state-run insurer announced its results, declared its first-ever 1:1 bonus issue and a dividend of Rs 10 per share, triggering bullish calls from brokerages.
LIC on Thursday reported a consolidated net profit of Rs 23,467 crore for the fourth quarter of FY26, marking a 23% year-on-year (YoY) rise from the Rs 19,039 crore profit reported in the corresponding quarter of the previous financial year. The firm’s net premium income, meanwhile, rose 12% YoY to Rs 1.65 lakh crore for the quarter under review against Rs 1.48 lakh crore a year earlier.
