Niva Bupa FY26 PAT Surges 80% to ₹366 Crore

Niva Bupa reported FY26 PAT of ₹366.1 crore, an 80.4% YoY growth, driven by a 27.4% increase in Gross Written Premium to ₹9,432.9 crore.
The company's Retail Health GWP grew 35.0% YoY to ₹6,581.5 crore, increasing its market share to 10.1% from 9.4% in FY25.
Combined Insurance Service Ratio improved to 101.4% from 103.0%, reflecting better expense management with the expense ratio falling to 36.5%.
The company expanded its distribution network by adding 58K individual agents and 18 corporate agents during the year, while Weighted Episodal NPS improved by 5 points to 60.