News ArticleLIC Reports Q2 and H1 FY 2027 Unaudited Financial Results and Appoints New Chief Compliance Officer
Smt Naga Nalini Kalluri appointed as Chief Compliance Officer from November 6, 2026; Financial results incorporate regulatory approved amortisations of Rs. 928.04 crore in half-year ended September 30, 2026
Life Insurance Corporation of India (LIC) disclosed its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026 (H1 FY 2027), including amortisation details of regulatory approvals on pension contributions and expenses. The company also appointed Smt Naga Nalini Kalluri as Chief Compliance Officer and Key Managerial Personnel, effective November 6, 2026, replacing Shri Jayasimhan Madabhushi Matam Tirumala.
Life Insurance Corporation of India
General / Other
Life Insurance Corporation of India (LIC) announced its unaudited standalone and consolidated financial results for Q2 and H1 of the fiscal year 2027 ending September 30, 2026, revealing key amortisation entries as per regulatory approvals. Additionally, LIC appointed Smt Naga Nalini Kalluri as the new Chief Compliance Officer and Key Managerial Personnel effective November 6, 2026, replacing the outgoing officer.
The Board of Directors approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The results include an amortised amount of Rs. 464.02 crore per quarter related to additional contributions for family pension, totaling Rs. 928.04 crore for the half year.
Regulatory approval was also received for replenishing Rs. 7,230.09 crore related to excess management expenses in the Par segment for FY 2022-23 from shareholders’ funds.
Smt Naga Nalini Kalluri, who has been with LIC since 1991 and has held varied administrative and regulatory roles, was appointed Chief Compliance Officer and Key Managerial Personnel effective November 6, 2026. She succeeds Shri Jayasimhan Madabhushi Matam Tirumala in this role.
The unaudited financial results were reviewed by independent auditors and prepared in accordance with applicable Indian accounting standards and IRDAI regulations.
Highlights
- LIC disclosed unaudited standalone and consolidated financial results for Q2 and H1 FY 2027 ending September 30, 2026.
- Rs. 464.02 crore amortisation per quarter for additional family pension contributions commenced in FY 2023-24; Rs. 928.04 crore charged in H1 FY 2027.
- Rs. 7,230.09 crore excess expenses in Par segment for FY 2022-23 to be replenished from shareholders.
- Smt Naga Nalini Kalluri appointed Chief Compliance Officer and Key Managerial Personnel effective November 6, 2026.
- Appointment follows recommendation by Nomination & Remuneration Committee; she replaces Shri Jayasimhan Madabhushi Matam Tirumala.
Key Data Snapshot
What happened
- LIC approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.
- The Board appointed Smt Naga Nalini Kalluri as Chief Compliance Officer and Key Managerial Personnel effective November 6, 2026, replacing Shri Jayasimhan Madabhushi Matam Tirumala.
Key details
- Rs. 9,280.37 crore related to additional pension contributions is being amortised over 20 quarters starting FY 2023-24 at Rs. 464.02 crore per quarter.
- For Q2 and H1 FY 2027, Rs. 464.02 crore and Rs. 928.04 crore respectively were charged to the revenue account due to this amortisation.
- Regulatory approval received for replenishment of Rs. 7,230.09 crore excess expenses in LIC's Par segment for FY 2022-23 from shareholders.
Background and context
- Smt Naga Nalini Kalluri joined LIC in 1991 and has held various administrative roles including regulatory compliance and corporate governance.
- She holds a Bachelor's degree in Maths, Physics, and Electronics, a postgraduate management program from IIM Ahmedabad, and diplomas in Life Underwriting and Health Insurance.
- She has experience working at IRDAI on deputation for three years.
Regulatory and governance context
- Financial results were prepared in compliance with SEBI Listing Regulations and IRDAI actuarial and finance regulations.
- Limited Review Reports on the financials were issued by independent auditors V. Sankar Aiyar & Co. and Mukund M Chitale & Co.
Highlights
- LIC disclosed unaudited standalone and consolidated financial results for Q2 and H1 FY 2027 ending September 30, 2026.
- Rs. 464.02 crore amortisation per quarter for additional family pension contributions commenced in FY 2023-24; Rs. 928.04 crore charged in H1 FY 2027.
- Rs. 7,230.09 crore excess expenses in Par segment for FY 2022-23 to be replenished from shareholders.
- Smt Naga Nalini Kalluri appointed Chief Compliance Officer and Key Managerial Personnel effective November 6, 2026.
- Appointment follows recommendation by Nomination & Remuneration Committee; she replaces Shri Jayasimhan Madabhushi Matam Tirumala.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024
- Insurance Act, 1938
- Insurance Regulatory and Development Authority Act, 1999
- Life Insurance Corporation Act, 1956
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