Star Health and Allied Insurance Company Limited has informed the Exchange about Transcript of the Earnings Call dated April 29, 2026

Star Health reported strong turnaround in FY26 with underwriting profit of Rs. 206 crore versus loss of Rs. 165 crore in FY25. GWP crossed Rs. 20,000 crore milestone at Rs. 20,369 crore with 16% YoY growth. Q4 FY26 saw combined ratio improve by 2.7% to 95.7% and loss ratio drop from 69.2% to 65.2% YoY. Retail loss ratio improved progressively through quarters (Q2: 0.8%, Q3: 1%, Q4: 3% YoY). PAT grew 16% YoY to Rs. 911 crore, while normalized PAT at 8% yield basis increased 45% to Rs. 1,222 crore with ROE expanding from 10.1% to 13.1%. Market share in Retail Health stood at 31.3%. Management attributed improvements to analytics-led pricing, portfolio recalibration towards profitable segments (94% new-to-insurance customers), and fraud management. They plan to reprice 80% of the book going forward and remain focused on sustainable mid-teen ROE with high-teen growth.