Niva Bupa Health Insurance Company (NIVABUPA) Q1 24/25 earnings summary

Executive summary

• Unaudited financial results for the quarter ended June 30, 2025, were reviewed and approved by the Board and auditors, with an unmodified conclusion issued.

• Gross premiums written grew 11.46% year-over-year to ₹163,190 lakhs, with net premium written at ₹128,787 lakhs.

• The company reported a net loss after tax of ₹9,144 lakhs for the quarter, compared to a net loss of ₹1,882 lakhs in the same quarter last year.

• IPO proceeds of ₹80,000 lakhs were largely utilized, with ₹477 lakhs remaining unutilized as of June 30, 2025.

Financial highlights

• Net premium earned was ₹122,000 lakhs, and total income stood at ₹130,842 lakhs for the quarter.

• Underwriting loss was ₹23,364 lakhs, and operating loss was ₹14,522 lakhs.

• Net worth as of June 30, 2025, was ₹298,761 lakhs.

• Basic and diluted EPS for the quarter were both negative at (₹0.50).

Outlook and guidance

• The company is working with IRDAI to bring Expenses of Management (EOM) within prescribed limits by FY 2025-26, with forbearance application pending.

• Financial results for the quarter are not indicative of full-year performance due to industry seasonality.