{"id":178515,"date":"2026-01-30T07:06:31","date_gmt":"2026-01-30T12:06:31","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178515"},"modified":"2026-01-30T07:06:33","modified_gmt":"2026-01-30T12:06:33","slug":"niva-bupa-health-insurance-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/niva-bupa-health-insurance-q3-fy26-earnings-results\/","title":{"rendered":"Niva Bupa Health Insurance Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Incorporated in 2008, Niva Bupa Health Insurance Ltd is a Tech driven leading health insurer in India.<\/p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations \/ Gross Premiums Written: GWP \u20b92,231 cr, +54% YoY vs \u20b91,442 cr; net premium written \u20b91,767 cr (+53% YoY vs \u20b91,152 cr), premium earned \u20b91,454 cr (+28% YoY vs \u20b91,136 cr); strong growth in retail\/group health amid market expansion.<\/li>\n\n\n\n<li>EBITDA \/ Underwriting: Underwriting loss widened to \u20b9232 cr vs \u20b9101 cr YoY; combined ratio 111.88% (+6.84 pp YoY), reflecting higher claims\/incurred ratios.<\/li>\n\n\n\n<li>PAT: Net loss \u20b988 cr vs profit \u20b913 cr YoY (\u2212662% YoY); 9M net loss \u20b9214 cr vs profit \u20b97 cr YoY; solvency ratio 2.85x, claims settlement 95.2%, lives covered 23.14 mn (+YoY).<\/li>\n\n\n\n<li>Other key metrics: 9M GWP \u20b95,706 cr (+22% YoY); health segment dominant (~99%), personal accident\/travel minor; NPS 57.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Premium momentum robust with 54% GWP growth, but <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/816f1997-6fc4-41d1-b60d-d8dc7fd30353.pdf\" target=\"_blank\" rel=\"noopener\">underwriting losses from claims<\/a>\/operating costs; 9M IFRS PAT \u20b9208 cr (+74% YoY) shows underlying strength.<\/li>\n\n\n\n<li>Strategic moves: Distribution diversity (corporate agents +44%); retail health focus; board approved unaudited results Jan 29.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations \/ GWP: GWP \u20b92,108 cr (without 1\/n), retail health +24.5% YoY; combined ratio 103.1% (+141 bps YoY improvement).<\/li>\n\n\n\n<li>EBITDA \/ Underwriting: Underwriting loss \u20b9178 cr vs \u20b988 cr YoY; operating loss \u20b962 cr vs profit \u20b958 cr YoY.<\/li>\n\n\n\n<li>PAT: IFRS PAT \u20b962 cr (+158% YoY vs \u20b924 cr); net loss \u20b935 cr (standalone).<\/li>\n\n\n\n<li>Other key metrics: H1 GWP \u20b93,983 cr (without 1\/n); solvency 2.85x, CSR 95.2%, NPS 57, lives 23.14 mn.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IFRS profitability doubled on premium growth; underwriting challenges persist but ratio improved.<\/li>\n\n\n\n<li>Strategic moves: Grow faster than industry; profitability focus via efficiencies.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Incorporated in 2008, Niva Bupa Health Insurance Ltd is a Tech driven leading health insurer in India. Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings Results Management Commentary Q2 To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;click here&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,1],"tags":[811],"class_list":["post-178515","post","type-post","status-publish","format-standard","hentry","category-infographics","category-finance-stocks","tag-insurance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178541,"url":"https:\/\/alphastreet.com\/india\/swiggy-q3-fy26-earnings-results\/","url_meta":{"origin":178515,"position":0},"title":"Swiggy Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Founded in 2014, Swiggy Ltd is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app. Q3 FY26 Earnings Results Revenue from Operations: \u20b96,148 cr, +54% YoY vs \u20b93,993 cr, +10.6% QoQ vs \u20b95,561 cr; food delivery \u20b92,041 cr (+25% YoY), quick commerce (Instamart)\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178522,"url":"https:\/\/alphastreet.com\/india\/one-97-communications-q3-fy26-earnings-results\/","url_meta":{"origin":178515,"position":1},"title":"One 97 Communications Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services. Q3\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-127.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-127.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-127.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-127.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-127.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-127.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179000,"url":"https:\/\/alphastreet.com\/india\/tata-chemicals-q3-fy26-earnings-results\/","url_meta":{"origin":178515,"position":2},"title":"Tata Chemicals Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 2, 2026","format":false,"excerpt":"Incorporated in 1939, Tata Chemicals Ltd manufactures and exports basic chemistry and specialty products. Q3 FY26 Earnings Results Revenue from Operations: Consolidated \u20b93,550 cr, \u22121.1% YoY vs \u20b93,590 cr, \u22123% QoQ vs \u20b93,719 cr; subdued pricing, lower volumes in international soda ash, UK reconfiguration impact. EBITDA: \u20b9345 cr, \u221220.5% YoY\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-18.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-18.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-18.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-18.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-18.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-18.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179338,"url":"https:\/\/alphastreet.com\/india\/pb-fintech-q3-fy26-earnings-results\/","url_meta":{"origin":178515,"position":3},"title":"PB Fintech Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 3, 2026","format":false,"excerpt":"PB Fintech Ltd, popularly known as\u00a0Policy Bazar\u00a0is India\u2019s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products. Q3 FY26 Earnings Results Revenue from Operations: \u20b91,771 cr, +37% YoY vs\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178100,"url":"https:\/\/alphastreet.com\/india\/rpg-life-sciences-q3-fy26-earnings-results\/","url_meta":{"origin":178515,"position":4},"title":"RPG Life Sciences Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 28, 2026","format":false,"excerpt":"Incorporated in 2007, RPG Life Sciences Ltd manufactures and markets Formulations (Finished Dosage Forms) and Active Pharma Ingredients. Q3 FY26 Earnings Results Revenue from Operations: \u20b9180.03 cr, +4.24% YoY vs \u20b9172.71 cr, \u22120.91% QoQ vs \u20b9181.68 cr. EBITDA: \u20b939.76 cr (PBDIT excl OI), +2% QoQ, margin 22.09% (+61 bps QoQ).\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-96.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-96.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-96.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-96.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-96.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-96.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178336,"url":"https:\/\/alphastreet.com\/india\/symphony-q3-fy26-earnings-results\/","url_meta":{"origin":178515,"position":5},"title":"Symphony Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 29, 2026","format":false,"excerpt":"Symphony was established in 1988, in Ahmedabad, India. The company is engaged in the manufacturing and trading of residential, commercial, and industrial air coolers in the domestic and international markets. It is the largest air cooler manufacturer in the world.\u00a097% of the revenue comes from the sale of Air coolers.\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178515"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178515\/revisions"}],"predecessor-version":[{"id":178521,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178515\/revisions\/178521"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}