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Niva Bupa Health Insurance Company (NIVABUPA) investor relations material
Niva Bupa Health Insurance Company Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved 28% year-over-year GWP growth (without 1/n) to ₹1,875 crore and 11% growth (with 1/n) to ₹1,632 crore in Q1'FY26 compared to Q1'FY25.
IFRS profit after tax rose to ₹70 crore from ₹36 crore year-over-year; market share in retail health improved to 10.0% from 9.9%.
Recognized among India's Top 100 Best Companies to Work For and as one of the Most Innovative Organizations in 2025.
Launched chronic condition management programs and expanded digital health services.
Unaudited financial results for the quarter ended June 30, 2025, were reviewed and approved by the Board and auditors, with an unmodified conclusion issued.
Financial highlights
Gross Written Premium (GWP) for Q1'FY26 was ₹1,631.9 crore (with 1/n) and ₹1,874.6 crore (without 1/n), up 11.5% and 28% year-over-year, respectively.
IFRS PAT for Q1'FY26 was ₹70.1 crore, up 97.3% year-over-year; I-GAAP PAT was a loss of ₹91.4 crore.
Combined ratio (IFRS) improved to 103.2% from 103.9% year-over-year, but combined ratio (with 1/n) increased to 117.0% from 106.1%.
Solvency ratio at 2.86, well above the regulatory minimum of 1.5.
Assets Under Management reached ₹8,111.7 crore with a 7.3% annualized yield.
Outlook and guidance
Guidance will be provided after the infectious disease season; current focus is on monitoring claims and reserves.
Continued focus on profitable growth, digital transformation, and customer-centric innovation.
EOM plan submitted to IRDAI aims to bring expenses within prescribed limits by FY 2025-26.
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