Archive · 1 Aug 2025
Niva Bupa Reports Q1 Results; GWP Up Amid Accounting Changes
Niva Bupa, a health insurance company, saw their business grow in the first quarter.
They wrote more premiums, but how they record them changed, which made it look like they lost money.
If you look at how they report to their main investor, Bupa, they actually made more money this year than last year.
They are also doing well with their agents and bank partners to sell insurance.
Niva Bupa Health Insurance's GWP grew 11.44% year-on-year, reaching ₹1631.90 crore.
Adjusted for accounting changes, GWP growth was 28% year-on-year.
Retail segment growth exceeded 30% year-on-year.
Operating loss reported at ₹145.22 crore due to accounting changes.
Net profit increased to ₹70 crore under IFRS accounting standards.
- Who
- Niva Bupa Health Insurance
- What
- Niva Bupa Health Insurance reported financial results for the first quarter.
- When
- Q1 of the current fiscal year.
- Where
- N/A
- Why
- The company reported financial results and discussed growth and accounting changes.
- GWP (Q1)
- ₹1631.90 crore
- GWP Growth (Reported)
- 11.44% YoY
- GWP Growth (Adjusted)
- 28% YoY
- Retail Segment Growth
- Over 30% YoY
- Operating Loss
- ₹145.22 crore
- Net Profit (IFRS)
- ₹70 crore
- EoM Ratio (Q1FY26)
- 35.9%