Star Health And Allied Insurance Company Limited has informed the Exchange regarding a press release dated April 29, 2025, titled " Star Health Insurance Posted PAT of Rs. 787 Crores (IFRS) in FY25 ".
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Star Health Insurance reported a Profit After Tax of Rs. 787 crores (IFRS) for FY25, with Gross Written Premium growing 10% year-on-year to Rs. 16,781 crores under the new 1/N accounting norms. The company covered 2.3 crore lives and settled claims worth over Rs. 10,350 crores during the year. The expense ratio stood at 30.4%, but the combined ratio worsened to 101.1% from 97.2% in FY24 due to rising claims and healthcare inflation. Solvency ratio remained comfortable at 2.21x, well above the regulatory minimum of 1.5x. The distribution network grew to 7.75 lakh+ agents (up 11%) and 913 branches, with 51% of covered lives coming from semi-urban and rural areas.
Strong profit and premium growth are positives, but the combined ratio crossing 100% signals that claims and expenses now exceed premiums, which is a concern for future profitability. Shareholders should watch whether the company can bring the combined ratio back below 100% in coming quarters, even as retail market leadership and rural expansion continue to support top-line growth.