State-run Life Insurance Corporation of India (LIC) reported a 17% year-on-year rise in consolidated net profit at Rs 12,930 crore for the December quarter, compared with Rs 11,008 crore in the same period last year.The country’s largest life insurer reported net premium income of Rs 1.26 lakh crore in Q3FY26, up 17% from Rs 1.07 lakh crore in the corresponding quarter of the previous financial year, according to ET.On a sequential basis, profit after tax (PAT) rose 28% compared with Rs 10,098 crore reported in Q2FY26, even as net premium income declined marginally by 0.7% quarter-on-quarter.In the individual business segment, LIC sold 1,16,63,856 policies during the nine-month period ended December 31, 2025, compared with 1,17,10,505 policies in the same period last fiscal, registering a marginal decline of 0.40%.On an Annualised Premium Equivalent (APE) basis, total premium stood at Rs 44,007 crore for 9MFY26. Of this, 62.61% or Rs 27,552 crore came from Individual Business, while 37.39% or Rs 16,455 crore came from Group Business.Within Individual Business, Par products accounted for 63.54% of APE at Rs 17,507 crore, while Non-Par products contributed 36.46% at Rs 10,045 crore. Individual Non-Par APE rose to Rs 10,045 crore during the nine months ended December 31, 2025, compared with Rs 6,813 crore in the year-ago period, registering a growth of 47.44%.The Value of New Business (VNB) for the nine months ended December 31, 2025 stood at Rs 8,288 crore, compared with Rs 6,477 crore in the corresponding period last year, registering a growth of 27.96%.The Net VNB margin improved by 170 basis points to 18.8% during the period, compared with 17.1% a year ago.The solvency ratio improved to 2.19 as on December 31, 2025, compared with 2.02 as on December 31, 2024.Assets Under Management (AUM) rose to Rs 59,16,680 crore as on December 31, 2025, compared with Rs 54,77,651 crore a year earlier, registering an increase of 8.01% year-on-year.The overall expense ratio for the nine months ended December 31, 2025 declined by 132 basis points to 11.65%, compared with 12.97% in the corresponding period of the previous year.