Niva Bupa Health Insurance reported a 124% profit surge to ₹136 crore in the second quarter of FY27. The company said strong growth in its retail health insurance business helped this rise. Gross written premium grew 35% to ₹2,484 crore, while the expense ratio improved to 36.4% this year.
Niva Bupa Health Insurance reported an impressive 124% year-on-year profit surge in the second quarter, leading to a profit after tax of ₹136 crore, up from ₹60 crore last year. The gross written premium also saw a substantial growth of 35%, totaling ₹2,484 crore this quarter. Notably, retail health premiums soared by 47% to ₹1,876 crore, while the company's expense ratio improved to 36.4% for the first half.
Mumbai: Niva Bupa Health Insurance on Wednesday reported a 124% YoY increase in profit after tax (PAT) to ₹136 crore in the second quarter of FY27, driven by strong growth in its retail health insurance business.
During the same period of the previous year, the company had reported net profit of ₹60 crore. Gross written premium rose 35% to ₹2,484 crore during the quarter, while retail health premium grew 47% to ₹1,876 crore, the company said.
Combined insurance service ratio, which is calculated by the sum of insurance service expenses, net expenses from reinsurance contract & other operating expenses divided by insurance revenue stood at 99.5%. Expense ratio was at 36.4% at the end of the first half down from 37.2% in H1 of the previous year.