Niva Bupa Health Insurance — Financial Performance
Niva Bupa Health Insurance's combined ratio was 118.1% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.
Quarterly financial ratios — Q1 FY25-26 to Q1 FY26-27
| Metric | Q1 FY26-27 | Q4 FY25-26 | Q3 FY25-26 | Q2 FY25-26 | Q1 FY25-26 |
|---|---|---|---|---|---|
| incurred claims ratio | 78.8%+1.0 pts | 56.8% | 65.1% | 71.2% | 77.9%+13.9 pts |
| net commission ratio | 16.7%−3.4 pts | 16.1% | 22.6% | 19.3% | 20.2% |
| expense ratio to gross premium | 35.2%−2.8 pts | 28.5% | 33.1% | Not disclosed | 38.0%−3.0 pts |
| combined ratio | 118.1%+1.1 pts | 86.1% | 108.3% | 111.7% | 117.0%+11.0 pts |
| solvency ratio | 2.25×−0.61× | 2.49×−0.54× | 2.49×−0.54× | 2.85×+0.60× | 2.86×+0.47× |
| profit before tax | ₹-179 crore−96.1% | ₹341 crore | ₹-88 crore | ₹-35 crore | ₹-91 crore |
| profit after tax | ₹-134 crore−46.2% | ₹345 crore | ₹-88 crore | ₹-35 crore | ₹-91 crore |
The small figure under each number is the change from the same quarter a year earlier — in percentage points for ratios, as a percentage change for profit before/after tax. Shown only where this insurer has a filing from exactly that quarter a year ago; no figure means that comparison isn't available, not that nothing changed.
Expense ratio shown on a gross-direct-premium basis (GDP), per IRDAI's 2021 reform — not directly comparable to an insurer's net-written-premium (NWP) basis figure if quoted elsewhere. "Not disclosed" means this insurer's filing for that quarter didn't include this figure — not an estimate.
Full-year financial ratios
These are the insurer's own full-year figures, as filed with IRDAI for the whole fiscal year — not the same as adding up four quarters, since each quarter's own number above is a standalone snapshot for that quarter alone.
| Metric | FY25-26 |
|---|---|
| incurred claims ratio | 68.1% |
| net commission ratio | 18.0% |
| combined ratio | 103.4% |
| profit before tax | ₹127 crore |
| profit after tax | ₹131 crore |
Provenance (combined ratio, latest quarter)
- Reported by
- Niva Bupa Health Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- 2026-06-30.pdf · Niva Bupa Health Insurance's disclosure page
- Extracted by
- nonlife_adapter.py v1
- Last verified
- 2026-09-09
- Note
- NL-20 row-format label match: combined_ratio