Niva Bupa Health Insurance Company Ltd on Thursday (July 31) reported a nearly fivefold increase in its net loss to ₹91.44 crore for the first quarter of this fiscal, compared to ₹18.8 crore in Q1FY25.
Gross premiums written for the quarter ended June 30, 2025, increased 11.4% year-on-year (YoY) to ₹1,631.9 crore against ₹1,464 crore in the same quarter of the previous fiscal.
Net premiums written during the quarter also saw a similar rise, growing 11.8% over last year to ₹1,287 crore, up from ₹1,151 crore. In Q1FY26, Niva Bupa Health Insurance’s agency channel continued to be the top contributor to gross written premium (GWP), followed closely by brokers and its bancassurance network.
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The company’s digital retail business, including partners, posted a strong 31% YoY growth on a like-to-like basis (excluding 1/N), indicating the growing impact of its digital strategies.
The number of lives insured increased significantly by 50% YoY, reaching 22.5 million in Q1FY26 compared to 15 million a year ago, underscoring the company’s expanding market presence.
Niva Bupa improved its retail market share to 10%, maintaining its position as one of the country’s leading health insurers. The company achieved a claims settlement ratio of 93.6% during the quarter, reaffirming its focus on prompt and fair claims servicing.
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Additionally, the expense of management (EoM) ratio declined to 35.9% from 40.7% in Q1FY25, reflecting improved operational efficiency alongside robust growth and high-quality service delivery.
Krishnan Ramachandran, Managing Director & CEO, Niva Bupa Health Insurance, said, “Well begun is half done, and with the positive performance in Q1FY26, we are confident in sustaining our growth trajectory for the rest of the financial year. The increase in the number of lives insured, along with our strong financial position and operational efficiency, underscores the foundation of our success.”
The results came after the close of the market hours. Shares of Niva Bupa Health Insurance Company Ltd ended at ₹87.57, up by ₹2.45 or 2.88%, on the BSE.
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