INTEGRATED FILING — GI



General information about company

Scrip code 544286
NSE Symbol NIVABUPA
MSEI Symbol NOTLISTED
ISIN INE995S01015
Name of Company NIVA BUPA HEALTH INSURANCE COMPANY LIMITED
Type of company Main Board
Class of security Equity
Type Of Insurance Non-Linked Policy
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Start date and time of board meeting 29-01-2026   16:15:00
End date and time of board meeting 29-01-2026   17:20:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable


Format for financial results by general insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
OPERATING RESULTS
1 Operating income
(i) Gross Premiums Written 2,23,127.00 5,70,625.00
(ii) Net Premium written 1,76,670.00 4,50,464.00
(iii) Premium Earned (Net) 1,45,357.00 4,09,562.00
(iv) Income from investments (net) 8,933.00 27,430.00
(v) Other income
1 Other Income 0.00 0.00
2 Contribution from the Shareholders' Account 0.00 0.00
3 (a) Towards Excess Expenses of Management 585.00 2,457.00
4 (b) Towards remuneration of MD/CEO/WTD/Other KMPs 77.00 153.00
5 (c) Others 0.00 0.00
Total other income 662.00 2,610.00
(vi) Total income 1,54,952.00 4,39,602.00
2 Operating expenses
(i) Commissions & Brokerage (net) 31,759.00 85,723.00
(ii) Net commission 31,759.00 85,723.00
(iii) Operating Expenses related to insurance business
(a) Employees remuneration and welfare expenses 18,889.00 52,059.00
(b) Other operating expenses
0 Advertisement and publicity 1,938.00 10,384.00
1 Other expenses 10,832.00 24,375.00
Total other operating expenses 12,770.00 34,759.00
(c) Total operating expenses related to insurance business 31,659.00 86,818.00
(iv) Premium Deficiency 0.00 0.00
(v) Incurred Claims
(a) Claims Paid 94,639.00 2,75,677.00
(b) Change in Outstanding Claims (incl. IBNR/IBNER) 10,448.00 25,658.00
Total Incurred claims 1,05,087.00 3,01,335.00
(vi) Total Expense 1,68,505.00 4,73,876.00
(vii) Underwriting Profit(Loss) (23,148.00) (64,314.00)
(viii) Provisions for doubtful debts (including bad debts written off) 0.00 0.00
(ix) Provisions for diminution in value of investments 0.00 0.00
(x) Operating Profit/loss: (13,553.00) (34,274.00)
(xi) Appropriations
(a) Transfer to Profit and Loss A/c (13,553.00) (34,274.00)
(b) Transfer to reserves 0.00 0.00



NON-OPERATING RESULTS
1 Income in shareholder's account
(a) Transfer from Policyholders' Fund (13,553.00) (34,274.00)
(b) Income from investments 6,813.00 18,621.00
(c) Other income
1 Other income (5.00) (1.00)
Total other income (5.00) (1.00)
Total income (6,745.00) (15,654.00)
2 Expenses
(i) Expenses other than those related to insurance business 1,494.00 4,809.00
(ii) Provisions for doubtful debts (including bad debts written off) 525.00 972.00
(iii) Provisions for diminution in value of investments 0.00 0.00
Total Expense 2,019.00 5,781.00
3 Profit / Loss before extraordinary items
 (8,764.00) (21,435.00)
4 Extraordinary Items
0.00 0.00
5 Profit/ (loss) before tax
 (8,764.00) (21,435.00)
6 Provision for tax
 0.00 0.00
7 Profit / (loss) after tax
 (8,764.00) (21,435.00)
8 Divident per share
(a) Interim Dividend 0.00 0.00
(b) Final dividend 0.00 0.00
9 Opening Balance and Appropriations from PAT (Net) (84,516.00) (71,845.00)
10 Profit (loss) carried to balance sheet (93,280.00) (93,280.00)
11 Paid up equity capital 1,84,720.00 1,84,720.00
12 Reserve and Surplus (Excluding Revaluation Reserve) 1,02,422.00 1,02,422.00
13 Fair value change account and revaluation reserve 1,452.00 1,452.00
14 Assets
(a) Investments
(i) Shareholders Fund 3,39,142.00 3,39,142.00
(ii) Policyholders' Fund 5,53,597.00 5,53,597.00
Total investments 8,92,739.00 8,92,739.00
(b) Other Assets (Net of current liabilities and provisions) (5,79,145.00) (5,79,145.00)
Total assets 3,13,594.00 3,13,594.00



Analytical Ratios
(i) Solvency ratio 249.00 249.00
(ii) Expenses of management ratio 33.100 36.3300
(iii) Incurred Claim Ratio 72.300 73.5700
(iv) Net retention ratio 79.1800 78.9400
(v) Combined ratio 108.1900 111.8800
(vi) Earning per share
(a) Basic and diluated EPS before extraordinary items (net of tax expense) for the period (not to be annualized) -0.47 -1.16
(b) Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) -0.47 -1.16
(vii) NPA ratios
(a) Gross NPAs 4,997.00 4,997.00
(c) Net NPAs 0.00 0.00
(b) Percentage of Gross NPAs 0.5600 0.5600
(d) Percentage of net NPAs 0 0
(viii) Yield on Investments
(a) Without unrealized gains 1.81 5.39
(b) With unrealised gains 1.67 5.53
(ix) Public shareholding (in case of public sector insurance companies)
(a) Number of shares 824508101 824508101
(b) Percentage of shareholding 44.6400 44.6400
(c) Percentage of government holding 0 0



Investor Compliants
(i) No of investor complaints pending at the beginning of the period 0 0
(ii) No of investor complaints during the period 0 0
(iii) No of investor complaints disposed off during the period 0 0
(iv) No of investor complaints remaining unresolved at the end of the period 0 0



(c) Notes Format for financial results by general insurance companies filed with stock exchanges
1. Net Premium written is Net of reinsurance (including excess of loss reinsurance). 2. Income from Investments (Net) is Net of amortisation and losses (including capital gains). 3. Commission and Brokerage (Net) is net of commission received on reinsurance cession. 4. Reserves & Surplus (excluding revaluation reserve) is Net of debit balance in Profit & Loss Account. 5. Analytical ratios have been calculated as per definition given in IRDAI analytical ratios disclosures. 5a The Solvency has been computed at the last day of the period. 5b Figures for the three months ended & year to date ended are not annualised. 5c (a) % of Gross NPA = Gross NPA / Total Investments. (b) % of Net NPA = (Gross NPA - Provision on investments) / (Total Investments - Provision on investments). 5d Yield on investment is computed on average of Opening & Closing Investment.



Format for financial results by general insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
Segment Income
1 Fire
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
2 Marine
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
3 Health including personal accident
(i) Net premium 1,45,357.00 4,09,562.00
(ii) Income form investments 8,933.00 27,430.00
(iii) Other income 662.00 2,610.00
4 Health retail
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
5 Health group
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
6 Health government schemes
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
7 Motor
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
8 Retail
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
9 Group and corporate
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
10 Any other class as may be specified by the Authority. - Enter the name below
(1) Other segment 1
Name of other segment 0
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
(2) Other segment 2
Name of other segment 0
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
(3) Other segment 3
Name of other segment 0
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
(4) Other segment 4
Name of other segment 0
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
(5) Other segment 5
Name of other segment 0
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
(6) Other segment 6
Name of other segment 0
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
(7) Other segment 7
Name of other segment 0
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
(8) Other segment 8
Name of other segment 0
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
(9) Other segment 9
Name of other segment 0
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00
(10) Other segment 10
Name of other segment 0
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00

Unallocated
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Other income 0.00 0.00


Notes to the Income
1. Health including Personal accident includes Travel Insurance. 2. Income from Investment and Other Income which cannot be allocated to any segment are apportioned on the basis of Gross Direct Premium.


Format for financial results by general insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
Segment Premium Deficiency
1 Fire 0.00 0.00
2 Marine 0.00 0.00
3 Health including personal accident 0.00 0.00
4 Health Retail 0.00 0.00
5 Health Group 0.00 0.00
6 Health Government Schemes 0.00 0.00
7 Motor 0.00 0.00
8 Retail 0.00 0.00
9 Group And Corporate 0.00 0.00
10 Any other class as may be specified by the Authority. - Enter the name below
Name of Other Segment
1 0 0.00 0.00
2 0 0.00 0.00
3 0 0.00 0.00
4 0 0.00 0.00
5 0 0.00 0.00
6 0 0.00 0.00
7 0 0.00 0.00
8 0 0.00 0.00
9 0 0.00 0.00
10 0 0.00 0.00
11 Unallocated 0.00 0.00


Format for financial results by general insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
Segment Underwriting Profit/Loss
1 Fire 0.00 0.00
2 Marine 0.00 0.00
3 Health including personal accident (23,148.00) (64,314.00)
4 Health Retail 0.00 0.00
5 Health Group 0.00 0.00
6 Health Government Schemes 0.00 0.00
7 Motor 0.00 0.00
8 Retail 0.00 0.00
9 Group And Corporate 0.00 0.00
10 Any other class as may be specified by the Authority. - Enter the name below
Name of Other Segment
1 0 0.00 0.00
2 0 0.00 0.00
3 0 0.00 0.00
4 0 0.00 0.00
5 0 0.00 0.00
6 0 0.00 0.00
7 0 0.00 0.00
8 0 0.00 0.00
9 0 0.00 0.00
10 0 0.00 0.00
11 Unallocated 0.00 0.00

Notes to the Underwriting ProfitLoss
1. Health including Personal accident includes Travel Insurance.


Format for financial results by general insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
Segment Operating Profit/Loss
1 Fire 0.00 0.00
2 Marine 0.00 0.00
3 Health including personal accident (13,553.00) (34,274.00)
4 Health Retail 0.00 0.00
5 Health Group 0.00 0.00
6 Health Government Schemes 0.00 0.00
7 Motor 0.00 0.00
8 Retail 0.00 0.00
9 Group And Corporate 0.00 0.00
10 Any other class as may be specified by the Authority. - Enter the name below
Name of Other Segment
1 0 0.00 0.00
2 0 0.00 0.00
3 0 0.00 0.00
4 0 0.00 0.00
5 0 0.00 0.00
6 0 0.00 0.00
7 0 0.00 0.00
8 0 0.00 0.00
9 0 0.00 0.00
10 0 0.00 0.00
11 Unallocated 0.00 0.00

Notes to the Operating ProfitLoss
1. Health including Personal accident includes Travel Insurance.


Format for financial results by general insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter
Date of start of reporting period 01-10-2025
Date of end of reporting period 31-12-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Segment Technical Liabilities (Unexpired Risk Reserve-Net)
1 Fire 0.00
2 Marine 0.00
3 Health including personal accident 3,09,532.00
4 Health Retail 0.00
5 Health Group 0.00
6 Health Government Schemes 0.00
7 Motor 0.00
8 Retail 0.00
9 Group And Corporate 0.00
10 Any other class as may be specified by the Authority. - Enter the name below
Name of Other Segment
1 0 0.00
2 0 0.00
3 0 0.00
4 0 0.00
5 0 0.00
6 0 0.00
7 0 0.00
8 0 0.00
9 0 0.00
10 0 0.00
11 Unallocated 0.00

Notes to the Technical Liabilities
1. Health including Personal accident includes Travel Insurance.


Format for financial results by general insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter
Date of start of reporting period 01-10-2025
Date of end of reporting period 31-12-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Segment Technical Liabilities (Unexpired Claims Reserves Including IBNR & IIBNER)
1 Fire 0.00
2 Marine 0.00
3 Health including personal accident 78,412.00
4 Health Retail 0.00
5 Health Group 0.00
6 Health Government Schemes 0.00
7 Motor 0.00
8 Retail 0.00
9 Group And Corporate 0.00
10 Any other class as may be specified by the Authority. - Enter the name below
Name of Other Segment
1 0 0.00
2 0 0.00
3 0 0.00
4 0 0.00
5 0 0.00
6 0 0.00
7 0 0.00
8 0 0.00
9 0 0.00
10 0 0.00
11 Unallocated 0.00

Notes to the Technical Liabilities
1. Health including Personal accident includes Travel Insurance.



Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto


Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date