Niva Bupa Health Insurance Company Ltd Q4 FY26 Results
NIVABUPAQ4 FY26 ResultsAnnounced 8 May, 5:27 pm| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 2.1K | 36.3% | 29.7% |
| Total Income | 2.1K | 34.1% | 32.8% |
| Expenditure | 1.8K | 6.5% | 22.1% |
| PBT | 341.16 | 489.3% | 65.5% |
| Net Profit | 345.13 | 493.8% | 67.5% |
| OPM | 13.60% | 22.35pp | 7.53pp |
| NPM | 16.61% | 22.27pp | 3.44pp |
| EPS | 1.87 | 297.9% | 65.5% |
Niva Bupa FY26 PAT Up 80% to ₹366 Cr
08 May 2026 · 8 May, 5:41 pm
Summary
Niva Bupa Health Insurance announced strong financial results for the fourth quarter and full year ended March 31, 2026. The company reported a significant 80% growth in Profit After Tax (PAT) to ₹366 crore for FY26, reflecting improved operating performance and scale-led efficiencies. Gross Written Premium (GWP) for the full year grew by 27% year-on-year to ₹8,586 crore, while Q4FY26 GWP saw a 39% increase to ₹2,880 crore, indicating sustained momentum. Operational efficiency improved with the Combined Insurance Service Ratio (CISR) at 101.4% for FY26 and 97.4% for Q4FY26, signaling a path towards underwriting profitability. Management highlighted a well-rounded performance across growth, profitability, and customer metrics, reinforcing the company's trajectory towards sustainable profitability and enhanced customer trust.
Key Highlights
- 1
Niva Bupa reported a strong Profit After Tax (PAT) of ₹366 crore for FY26, marking an impressive 80% growth over the previous financial year.
- 2
Gross Written Premium (GWP) for the full year FY26 increased by 27% year-on-year, reaching ₹8,586 crore.
- 3
The fourth quarter of FY26 (Q4FY26) demonstrated significant momentum, with Gross Written Premium (GWP) growing by 39% to ₹2,880 crore.
- 4
Market share expanded to 10.1% by the close of FY26, representing a 76 basis points increase over FY25.
- 5
The company's Combined Insurance Service Ratio (CISR) improved by 160 basis points to 101.4% for FY26, exiting the year on a strong footing with Q4FY26 CISR at 97.4%, indicating a clear trajectory towards underwriting profitability.
- 6
Customer service and claims experience showed notable improvement, with the Claim Settlement Ratio for FY26 rising by 205 basis points to 94.4%, and the Net Promoter Score (NPS) improving from +55 in FY25 to +60 at the end of FY26.
Management Comments
Krishnan Ramachandran
FY26 has been a year of strong, well-rounded performance, with growth, profitability, and customer metrics all moving in the right direction. A strong growth in PAT and an improvement in CISR this year reinforces our path towards sustainable profitability. Our market share gains and improvement in claim settlement ratio reflect the trust customers place in us and our continued focus on delivering superior health insurance experiences.
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