Niva Bupa Health Insurance receives Excellent ratings and Stable outlook from A.M. Best

Niva Bupa Health Insurance Company Ltd announced credit rating assignments from multiple agencies, including A.M. Best, which assigned a Financial Strength Rating of A- (Excellent) with a Stable outlook, a Long-Term Issuer Credit Rating of “a-” (Excellent) with a Stable outlook, and an India National Scale Rating (NSR) of aaa.IN (Exceptional) with a Stable outlook; A.M. Best also assigned a Financial Strength Rating of A- (Excellent) with a Stable outlook, a Long-Term Issuer Credit Rating of a- (Excellent) with a Stable outlook, and an India National Scale Rating (NSR) of aaa.IN (Exceptional) with a Stable outlook, alongside assessments of Operating Performance as Adequate, Return-on-Equity of 10.7% for fiscal-year 2026, a Combined Ratio of 102.0% for fiscal-year 2026 (net/net, IFRS 17), a Business Profile of Neutral, and Market Share as ranked third in the standalone health insurance sector, further noting integration with and majority ownership by Bupa Group and expectations for Bupa Group to provide capital support as needed, with additional information available through purchase.