Underwriting losses widened to ₹178 crore, up from a loss of ₹88 crore in Q2 FY25. Operating losses stood at ₹62 crore, compared with a profit of ₹58 crore a year ago. The solvency ratio was stable at 2.85% versus 2.86% in the previous quarter. Shares of Niva Bupa Health Insurance Company Ltd ended at ₹74.20, down by ₹1.21, or 1.60%, on the BSE.