Niva Bupa Posts Strong Q4 with 36% Premium Growth, FY25 Profit up ₹214 Crore

8 May 2025 , 09:54 PM

Niva Bupa Health Insurance has concluded FY25 on a high, with a staggering 161% increase in its profit after tax (PAT), which rose to ₹214 crore from ₹82 crore in FY24.

In the quarter ended January–March (Q4 FY25), the insurance company garnered a Gross Written Premium (GWP) of ₹2,395 crore, a robust 36% year-on-year increase. GWP for the entire year stood at ₹7,407 crore, a 32% increase compared to last year.

Under the new IRDAI accounting regulation (1/N method effective from October 2024 — recognizing premium over the entire policy duration — Niva Bupa’s adjusted GWP was ₹2,079 crore for Q4 FY25, up by 18% YoY.

Its Cost of Management declined to 37.4% in FY25 from 39.3% the previous year due to higher automaton and digital processes throughout the value chain.

Financial health also improved, with the solvency ratio increasing to 3.03 from 2.55 in the previous year, a clear indication that the insurer is adequately equipped to fulfill its long-term obligations and customer commitments.

Commenting on the results, CEO Krishnan Ramachandran emphasized that the company’s stellar growth is an indication of the trust of its customers and partners. He also said that Niva Bupa will maintain investment in developing a strong brand, health insurance simplification, and scaling the digital and distribution infrastructure.

As of March 31, 2025, Niva Bupa boasted a large network of over 212 physical branches, over 1.8 lakh agents, 540 brokers, and 100+ bancassurance and corporate partners providing it with a strong presence in both metro and non-metro markets.

The company now offers protection to more than 2 crore (20 million+) lives and has agreements with 10,421 hospitals in India so that policyholders can receive care anywhere they need it. Employing over 8,900 people, Niva Bupa has also been recognized as a “Great Place to Work” for five consecutive years, which highlights its aim to create a people-centric, performance-oriented culture.