Niva Bupa Health Insurance Company Limited announced its financial results for the first quarter of FY2027, ending June 30, 2026. The company reported a substantial year-on-year growth of 31.7% in Gross Written Premium (GWP), reaching ₹2,150.0 crore. Profit After Tax (PAT) saw a significant increase of 92.9% to ₹137.8 crore, up from ₹71.4 crore in the prior year’s quarter. The company also highlighted improvements in its Retail Health market share and a strong Net Promoter Score.
Niva Bupa Reports Strong Q1 FY27 Financial Performance
Niva Bupa Health Insurance Company Limited has released its financial results for the first quarter of the fiscal year 2027, covering the period ending June 30, 2026. The company demonstrated robust growth across key financial metrics, reflecting a positive business trajectory.
Gross Written Premium (GWP) Growth
In Q1’FY2027, Niva Bupa achieved a Gross Written Premium (GWP) of ₹2,150.0 crore, marking a substantial year-on-year increase of 31.7%. The GWP (without 1/n) also saw significant growth, reaching ₹2,306.2 crore, up 23.0% from the previous year.
Profitability Surge
The company’s Profit After Tax (PAT) for Q1’FY2027 stood at ₹137.8 crore, representing a remarkable growth of 92.9% compared to ₹71.4 crore in Q1’FY2026. This significant improvement underscores the company’s enhanced profitability.
Key Financial Ratios and Market Share
The Combined Insurance Service Ratio (CISR) for Q1’FY2027 was recorded at 100.2%, an improvement from 103.2% in Q1’FY2026. Niva Bupa’s Retail Health market share (with 1/n) increased to 11.1% in Q1’FY2027, up from 10.0% in Q1’FY2026. The Renewal Rate for Retail Health Indemnity (without 1/n) also showed a positive trend, reaching 95.8%.
Operational Highlights
The company highlighted its transition to Indian Accounting Standards (Ind AS) as per IRDAI regulation, viewing it as a milestone for enhanced financial transparency. Niva Bupa also received accolades, being ranked 41st among India’s Top 100 Great Places to Work 2026 and winning multiple marketing awards. The Weighted Episodal NPS for Q1’FY2027 was 62, an improvement of 5 points over Q1’FY2026.
Strategic Focus
Niva Bupa’s strategy continues to focus on building a granular, growth-oriented, and profitable health insurance franchise, acting as a health partner of choice for customers. The company emphasizes a multi-channel and diversified distribution model with a strong focus on digital sales, supported by a technology and analytics-driven business model.
Source: BSE
