Niva Bupa Health Insurance Q4 Results: Net Profit Soars 31%, Gross Written Premium Reaches Rs 2,395 Crore

Niva Bupa Health Insurance Co.'s net profit surged 31% to during the quarter ended March for fiscal 2025, according to an exchange filing on Wednesday.

The company recorded a net profit of Rs 206 crore for the fourth quarter as compared to Rs 157 crore for the same period last year.

The insurance provider posted gross written premium of Rs 2,395 crore up 36% year on year for the January March period of fiscal 2025.

Niva Bupa Health Insurance Co. Q4FY25

• Net premium earned up 11% at 1,527 crore versus 1,381 crore (YoY)

• Gross written premium up 36% at 2,395 crore (YoY)

• PAT up 31% at 206 crore versus 157 crore (YoY)

• Claims settlement ratio at 93.2% versus 91.8% (QoQ)

The retail health segment saw an increase in market share, rising to 9.4% from 9.1% in fiscal 2024. The company continues to rank among the fastest-growing entities in the health insurance sector.

The combined ratio (excluding 1/n) stood at 86.1% for the quarter under review, improving from 96.3% on a quarter-on-quarter basis. While in fiscal 2025, the combined ratio (excluding 1/n) was recorded at 96.1%, compared to 100.9% in the previous fiscal year.

The Combined Ratio represents a combination of the Loss Ratio and Expense Ratio, where a lower percentage indicates better financial performance.

Shares of Niva Bupa closed 0.37% higher at Rs 81.03 apiece on the NSE, compared to a 0.14% rise in the benchmark Nifty. The stock has risen 9.47% in the last 12 months but fallen 3.66% on a year-to-date basis.

Out of the five analysts tracking the company, four have a 'buy' rating on the stock and one suggests 'hold', according to Bloomberg data. The average of the 12-month analysts' price target implies a potential upside of 6.6%.