Star Health and Allied Insurance Company Limited has informed the Exchange regarding a press release dated April 28, 2026, titled "Star Health reports a 16% increase in PAT of INR 911 Crores in FY26 vs FY25; Growth and Operating Metrics improve sharply".
STARHEALTH · price
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Star Health reported a 16% year-on-year increase in Profit After Tax to ₹911 Crores in FY26, up from ₹787 Crores in FY25. Gross Written Premium grew 16% YoY to ₹20,369 Crores, with retail health premium rising 20% YoY to ₹19,341 Crores, helping the company retain a 31% share of India's retail health insurance market. Underwriting swung from a ₹165 Crore loss in FY25 to a ₹206 Crore profit in FY26, driven by a 194 basis point improvement in loss ratio to 68.7% and a 31 bps improvement in expense ratio to 30.1%. The Combined Ratio improved to 98.8% from 101.1%, and the company settled around 30 lakh claims worth over ₹11,900 Crores with 99% renewal persistency and an improved NPS score of 62.
Strong, broad-based results with profitability, underwriting and retail growth all improving — likely to be viewed positively by investors and could support upward movement in the stock price. The shift to underwriting profit is a key structural improvement, though the combined ratio remains just below 100%, leaving thin margin for adverse claims experience.