The present invention aims to provide a viscosity index improver composition and a lubricating oil composition having a low HTHS viscosity at 100° C., an excellent shear stability, and an excellent low temperature viscosity. The present invention relates to, for example, a viscosity index improver composition (C), containing: a copolymer (A) containing a polyolefin-based monomer (a) represented by the following formula (1) as a constituent monomer; a copolymer (B) containing a (meth)acrylic acid alkyl ester (c) having a C12-C15 straight-chain or branched alkyl group and a (meth)acrylic acid alkyl ester (d) having a C16-C20 straight-chain or branched alkyl group as constituent monomers; and a base oil, wherein a weight average molecular weight ratio {(A)/(B)} of the copolymer (A) to the copolymer (B) is 2 to 55, and a weight ratio (A/B) of the copolymer (A) to the copolymer (B) constituting the viscosity index improver composition (C) is 5 to 100: