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Informist, Wednesday, Jul. 29, 2026

 

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--Niva Bupa to raise up to INR 5 bln via NCDs 
--Niva Bupa Apr-Jun gross premium written INR 21.50 bln vs INR 16.32 bln 
--Niva Bupa Q1 total insurance revenue INR 22.74 bln vs INR 17.69 bln yr ago 
--Niva Bupa Apr-Jun net profit INR 1.38 bln vs INR 714.40 mln year ago 
--Niva Bupa Apr-Jun total insurance revenue INR 22.74 bln 
--Niva Bupa Apr-Jun net profit INR 1.38 bln 

 

By Priyasmita Dutta
 

NEW DELHI – Niva Bupa Health Insurance Co. Ltd.'s net profit for the June quarter nearly doubled on year with a steady improvement in business, reflected by the rise in gross premium income. Sequentially, however, the net profit declined, with gross written premium also declining. 

 

The health insurance company reported a net profit of INR 1.38 billion, nearly double the INR 714.40 million profit in the corresponding quarter a year ago. The insurer's gross premium income rose nearly 32% on year to INR 21.50 billion during Apr-Jun. Sequentially, net profit declined nearly 14%, while gross written premium fell over 25%. 

 

The insurance company's net profit for the June quarter was better than Street estimates. Motilal Oswal Financial Services Ltd. estimated the net profit to be INR 985 million, while JM Financial Institutional Securities Pvt. Ltd. expected it to be INR 1.08 billion. 

 

The insurer announced the financial results in post-market hours. Originally launched as Max Bupa Health Insurance in 2008, the insurer was rebranded to Niva Bupa Health Insurance in March 2022 following a change in ownership. Niva Bupa Health Insurance was listed on the stock exchanges in November 2024. Thursday, the company's shares ended at INR 85.92 on the National Stock Exchange, up 0.2% from the previous close. 

 

In the quarter ended March, Niva Bupa had posted a nearly 68% on-year rise in net profit to INR 3.45 billion, and its total income had grown 33% to INR 20.78 billion. The company had reported gross written premiums of INR 28.80 billion in the trailing quarter. 

 

The insurer's total insurance revenue was INR 22.74 billion in the June quarter, up almost 29% on year and over 7% sequentially. During the June quarter, retail health gross written premium was INR 16.07 billion, up over 47% on year. Its market share in the retail health insurance segment was 11.1% at the end of June, rising from 10% at the end of June 2025. 

 

The insurer's combined insurance service ratio was 100.2% in the June quarter, slightly lower than the 103.2% in the corresponding quarter a year ago. The retail claims ratio fell almost 1 percentage point to 67.5% during the quarter under review, from 68.4% in the same quarter last year. The solvency ratio was 2.25 times at the end of June, lower than 2.86 times at the end of June 2025.

 

Thursday, the insurer's board also approved raising fund to the tune of INR 5 billion through issuance of listed, rated, unsecured, subordinated, redeemable, non-convertible debentures. "The Board has constituted its subcommittee, namely, Debt Raising Committee, to determine and finalise the terms and conditions of issuance and allotment," Niva Bupa informed exchanges.  End

 

Edited by Akul Nishant Akhoury

 

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