Niva Bupa Health Insurance announced strong financial results for Q3 FY26, with a 74% surge in 9M FY26 PAT. The company reported robust growth across key metrics, driven by strong premium expansion, improved profitability, and market share gains in the retail health insurance segment. IFRS Profit After Tax reached over ₹76 Cr for the quarter and ₹208 Cr for the nine-month period.
Financial Highlights
Niva Bupa Health Insurance reported a significant increase in profitability and premium growth for the quarter ending December 31, 2025. The company’s performance reflects disciplined underwriting and operating efficiencies.
Premium Growth
On a reported basis, Q3 FY26 GWP grew by 55% year-on-year, reaching ₹2,231 crore compared to ₹1,442 crore in Q3 FY25. The 9M FY26 GWP stood at ₹5,706 crore, representing a 22% year-on-year growth.
On a like-to-like basis, Q3 FY26 GWP increased by 32% to ₹2,327 crore, compared to ₹1,769 crore in Q3 FY25. The 9M FY26 GWP reached ₹6,309 crore, reflecting a 26% year-on-year growth.
Operational Performance
The Combined Insurance Service Ratio (IFRS) for 9M FY26 improved by 0.51 percentage points year-on-year, demonstrating progress in claims and cost management. The Claims Settlement Ratio remained strong at 94.1% for Q3 FY26 and 94.4% for 9M FY26.
Market Position and Customer Growth
Niva Bupa has strengthened its retail franchise, increasing its retail health market share by 1.4 percentage points year-on-year to 10.2% in Q3 FY26. The company’s customer base grew by 23% YOY, with the number of lives insured increasing to 24.5 million as of Q3 FY26.
Customer Satisfaction
The Net Promoter Score (NPS) for Q3 FY26 improved to 59, a 3.4 points increase compared to the same quarter last year. The NPS for 9M FY26 stood at 58, reflecting a 5.4 points improvement over the same period last year.
Source: BSE
