Standalone health insurer Niva Bupa Health Insurance on Wednesday reported a 31.21 per cent year-on-year jump in its net profit to ₹206.08 crore, buoyed by an 18.14 per cent y-o-y increase in its gross premiums written during the period.
The insurer’s net profit stood at ₹157.06 crore for Q4FY24. For Q4FY25, gross premiums written rose to ₹2078.65 crore from ₹1759.44 crore for Q4FY24.
During the period under review net premium written witnessed a 45.09 per cent y-o-y increase at ₹1672.11 crore compared to ₹1152.43 crore in the year-ago period, according to a stock exchange filing.
During the quarter expenses of management ratio stood at 36.33 per cent as against 38.67 per cent in Q4FY24. Combined ratio increased to 92.78 per cent in the fourth quarter last fiscal from 89.40 per cent in the same period previous fiscal.
During Q4FY25 solvency ratio of the health insurer rose to 3.03 from 2.55 in Q4FY24.
The company’s net profit grew ₹214 crore in FY25 against ₹82 crore in FY24, registering a y-o-y growth of around 160 per cent. Gross Written Premium (GWP) for the last financial year stood at ₹7407 crore, marking a 32 per cent y-o-y growth. When adjusted for the 1/N accounting impact, the GWP for Q4 FY25 stood at ₹2,079 crore, representing an 18 per cent y-o-y rise. For FY25, the adjusted GWP was ₹6,762 crore, reflecting a growth of 21 per cent y-o-y, the company said in a release.
Commenting on the results, Krishnan Ramachandran, MD & CEO, Niva Bupa, said: “We are proud of the strong performance we have delivered this year, both in terms of top-line growth and customer service excellence. This growth is a testament to the trust customers place in us and our ability to deliver consistent value. We continue to invest in building a strong and differentiated brand, digital transformation, and expanding our distribution channels to further strengthen our market presence and deliver superior healthcare protection to millions of Indians. “
Published on May 7, 2025
