Niva Bupa Health Insurance Company Ltd Q2 FY26 Results
NIVABUPAQ2 FY26 ResultsAnnounced 3 Nov 2025, 05:33 pm| Metric | Value (₹ Cr) | vs Q1 FY26 |
|---|---|---|
| Revenue | 1.5K | 16.3% |
| Total Income | 1.5K | 17.6% |
| Expenditure | 1.6K | 10.1% |
| PBT | -35.27 | 61.4% |
| Net Profit | -35.27 | 61.4% |
| OPM | -4.03% | 7.07pp |
| NPM | -2.29% | 4.70pp |
| EPS | 0.19 | 62.0% |
Niva Bupa’s IFRS PAT More Than Doubles in Q2’FY26; Retail Health GWP Up 24.5% YoY
03 Nov 2025 · 3 Nov 2025, 06:15 pm
Summary
Niva Bupa Health Insurance Company Limited has announced its Q2 FY’26 performance, with Profit After Tax (IFRS) more than doubling to ₹62 crore from ₹24 crore in Q2FY’25. Retail Health GWP grew by 24.5% YoY. The Combined Insurance Service Ratio (IFRS) for the quarter stood at 103.1%, an improvement of 141 bps from Q2’FY25. The Claims Settlement Ratio was maintained at 95.2%, and the Solvency Ratio improved significantly to 2.85x. The company now covers 23.14 million lives as of end Q2 FY’26.
Key Highlights
- 1
Niva Bupa’s IFRS PAT more than doubled in Q2’FY26 to ₹62 crore
- 2
Retail Health GWP grew by 24.5% YoY
- 3
Combined Insurance Service Ratio (IFRS) improved by 141 bps
- 4
Claims Settlement Ratio maintained at 95.2%
- 5
Solvency Ratio improved significantly to 2.85x
- 6
Company now covers 23.14 million lives as of end Q2 FY’26
Management Comments
Krishnan Ramachandran
Our Q2 performance reflects disciplined execution and strong operating leverage in our business. We are very encouraged by the sustained retail health growth and continued improvement in real-time quality of business metrics. The sharp improvement in Claims Settlement Ratio to 95.2% demonstrates the impact of our data science-led underwriting and integrated risk controls. We remain focused on expanding health insurance access in India while delivering sustainable and profitable growth.
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