Niva Bupa Health Insurance Company Limited — Investor Meet, 05-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Niva Bupa's Q1 FY26 saw robust growth with Gross Written Premium (GWP) up 28% and retail health growing 32%. IFRS Profit After Tax (PAT) nearly doubled to INR70 Cr. The combined ratio improved to 103.2%, driven by expense management despite a 2.9% rise in the IFRS loss ratio. This increase was attributed to higher retail reserves from a temporary auto-adjudication halt (now resolved) and a shift in group business mix. Solvency remains strong at 2.86x. Management is strategically reducing multi-year policy share and increasing prices for some products by 7% to counter inflation. The company maintains a confident outlook.