Latest news with #StarHealthandAlliedInsurance
Business Standard
2 hours ago
- Business
- Business Standard
Star Health Insurance Reports Strong Performance Q1FY26 PAT Grows 44% to INR 438 Cr (IFRS), Premium Grows 13%
PRNewswire Chennai (Tamil Nadu) [India], July 30: Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India's largest health insurance company, today announced the financial results for Q1FY26, delivering steady growth and improved profitability while reinforcing its leadership position in the retail health insurance sector. - Combined ratio on an IFRS basis was 99.6% for Q1FY26 - Retail GWP grew 18% YoY, with fresh retail premiums growth 25% (N basis) - Claims NPS rose to 57 in Q1FY26, up from 46 in Q1FY25, reflecting improved claims experience For the quarter ended June 30, 2025, Star Health Insurance recorded a Gross Written Premium (GWP) of INR 3,936 crores, representing 13% year-on-year growth (on 1/N basis). The Company's Profit After Tax (PAT) stood at INR 438 crore as per IFRS, marking a 44% increase over the same period last year. The overall combined ratio on an IFRS basis was 99.6% for Q1FY26. This performance comes on the back of strong fresh retail premium growth and prudent underwriting practices. Claims NPS improved to 57, up from 45.8 last year. Mr. Anand Roy, MD and CEO of Star Health and Allied Insurance stated, "We have started FY26 on a steady note, with encouraging growth across our core segments and visible gains from the structural changes we initiated over the past two years. During the quarter we stayed prudent in our risk selection, made critical pricing and underwriting changes and improved our claims service experience. The agency channel continues to be the backbone of our business, supported by digital, banca and SME Group business. Our digital business has scaled well and is shaping up as a profitable growth engine. Our investments in technology, automation and fraud analytics continue to drive better outcomes for us. As we look ahead, our focus remains on sustainable growth and long-term value creation for all stakeholders." Retail Health continues to anchor the Company's performance, contributing INR 3,667 crore (N basis) to GWP in Q1FY26. Retail GWP grew 18% YoY, with fresh retail premiums rising 25%. The customer app of Star Health saw 11 milion downloads with many innovations like real time claims tracking, document submission etc introduced during the quarter. New product launches like Super Star and Star Flexi are gaining traction and collected more than INR 1000 crore premium in the last 12 months. Star Health continues to execute on its focus areas on quality growth, customer centricity and play a leading role in championing India's health insurance penetration. About Star Health and Allied Insurance: Star Health and Allied Insurance Co. Ltd. (BSE: 543412 | NSE: STARHEALTH) is a market leader in standalone health insurance in India. The Company commenced operations in 2006 and is India's first Standalone Health Insurance Company. Star Health Insurance provides Health, Personal Accident and Travel Insurance to customer. The Company has grown to emerge as one of the preferred private health insurance Company in India with several pioneering products and services to its credit. With customer-centricity at its core, the Company has superior and innovative product offerings, service capabilities and a seamless claims management process. Star Health offers tailor made products to cater to the needs of customers across cancer, diabetes, cardiac illnesses and senior citizen, women and children specialized suite of health insurance offerings Star Health is India's first health insurance Company to settle over 1 crore claims. Star Health Insurance has a strong multi-channel distribution network with 914 offices, with 11,300+ network hospitals, over 7,89,000 licensed agents, robust bancassurance and financial institution partners, and 14,700+ employees. In FY25, Star Health's gross written premium stood at Rs.17, 553 Cr with its net worth at Rs.8,668 Cr. For more information visit
Malaysian Reserve
3 hours ago
- Business
- Malaysian Reserve
Star Health Insurance Reports Strong Performance Q1FY26 PAT Grows 44% to INR 438 Cr (IFRS), Premium Grows 13%
Combined ratio on an IFRS basis was 99.6% for Q1FY26 Retail GWP grew 18% YoY, with fresh retail premiums growth 25% (N basis) Claims NPS rose to 57 in Q1FY26, up from 46 in Q1FY25, reflecting improved claims experience CHENNAI, India, July 30, 2025 /PRNewswire/ — Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India's largest health insurance company, today announced the financial results for Q1FY26, delivering steady growth and improved profitability while reinforcing its leadership position in the retail health insurance sector. For the quarter ended June 30, 2025, Star Health Insurance recorded a Gross Written Premium (GWP) of INR 3,936 crores, representing 13% year-on-year growth (on 1/N basis). The Company's Profit After Tax (PAT) stood at INR 438 crore as per IFRS, marking a 44% increase over the same period last year. The overall combined ratio on an IFRS basis was 99.6% for Q1FY26. This performance comes on the back of strong fresh retail premium growth and prudent underwriting practices. Claims NPS improved to 57, up from 45.8 last year. Mr. Anand Roy, MD and CEO of Star Health and Allied Insurance stated, 'We have started FY26 on a steady note, with encouraging growth across our core segments and visible gains from the structural changes we initiated over the past two years. During the quarter we stayed prudent in our risk selection, made critical pricing and underwriting changes and improved our claims service experience. The agency channel continues to be the backbone of our business, supported by digital, banca and SME Group business. Our digital business has scaled well and is shaping up as a profitable growth engine. Our investments in technology, automation and fraud analytics continue to drive better outcomes for us. As we look ahead, our focus remains on sustainable growth and long-term value creation for all stakeholders.' Retail Health continues to anchor the Company's performance, contributing INR 3,667 crore (N basis) to GWP in Q1FY26. Retail GWP grew 18% YoY, with fresh retail premiums rising 25%. The customer app of Star Health saw 11 milion downloads with many innovations like real time claims tracking, document submission etc introduced during the quarter. New product launches like Super Star and Star Flexi are gaining traction and collected more than INR 1000 crore premium in the last 12 months. Star Health continues to execute on its focus areas on quality growth, customer centricity and play a leading role in championing India's health insurance penetration. About Star Health and Allied Insurance: Star Health and Allied Insurance Co. Ltd. (BSE: 543412 | NSE: STARHEALTH) is a market leader in standalone health insurance in India. The Company commenced operations in 2006 and is India's first Standalone Health Insurance Company. Star Health Insurance provides Health, Personal Accident and Travel Insurance to customer. The Company has grown to emerge as one of the preferred private health insurance Company in India with several pioneering products and services to its credit. With customer-centricity at its core, the Company has superior and innovative product offerings, service capabilities and a seamless claims management process. Star Health offers tailor made products to cater to the needs of customers across cancer, diabetes, cardiac illnesses and senior citizen, women and children specialized suite of health insurance offerings Star Health is India's first health insurance Company to settle over 1 crore claims. Star Health Insurance has a strong multi-channel distribution network with 914 offices, with 11,300+ network hospitals, over 7,89,000 licensed agents, robust bancassurance and financial institution partners, and 14,700+ employees. In FY25, Star Health's gross written premium stood at Rs.17, 553 Cr with its net worth at Rs.8,668 Cr. For more information visit Logo:
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Business Standard
4 hours ago
- Business
- Business Standard
Star Health and Allied Insurance rises 4% on posting Q1 results; Details
Star Health and Allied Insurance Company shares rose 3.7 per cent in trade on Wednesday (July 30, 2025), logging an intra-day high at ₹442.5 per share on BSE. The stock advanced after the company posted its Q1 results. Around 11:23 AM, Star Health and Allied Insurance share price was up 3.28 per cent at ₹440.7 per share. In comparison, Sensex was up 0.24 per cent at 81,537.08. Star Health and Allied Insurance Q1 results The company reported profit after tax (PAT) of ₹438 crore in Q1FY26, as against ₹304 crore a year ago. Its non-annualised return on equity (RoE) stood at 4.9 per cent, as compared to 3.8 per cent a year ago. For the quarter ended June 30, 2025, Star Health Insurance recorded a Gross Written Premium (GWP) of ₹3,936 crore, up 13 per cent year-on-year (Y-o-Y) growth (on 1/N basis). The overall combined ratio on an IFRS basis was 99.6 per cent for Q1FY26. This performance comes on the back of strong fresh retail premium growth and prudent underwriting practices. Claims NPS improved to 57, up from 45.8 last year, according to the filing. Meanwhile, retail GWP grew 18 per cent Y-o-Y, with fresh retail premiums rising 25 per cent. The customer app of Star Health saw 11 milion downloads with many innovations like real time claims tracking, document submission etc introduced during the quarter. New product launches like Super Star and Star Flexi are gaining traction and collected more than ₹1,000 crore premium in the last 12 months. About Star Health and Allied Insurance The company is a market leader in standalone health insurance in India. Star Health Insurance provides health, personal, accident, and travel insurance to customers. Star Health offers tailor-made products to cater to the needs of customers across cancer, diabetes, cardiac illnesses, and senior citizens, women, and children. It offers a specialised suite of health insurance offerings Star Health is India's first health insurance Company to settle over one crore claims.
Time of India
5 hours ago
- Business
- Time of India
Star Health reports 18% decline in Q1 FY26 PAT
Chennai: Star Health Insurance on Tuesday posted a 17.7 per cent decline in Profit after Tax (PAT) at Rs 262.5 crore in the quarter ended June 30, 2025, against Rs 318.9 crore in the corresponding quarter last year. On a sequential basis, the standalone health insurance company witnessed a jump in PAT at Rs 51 lakh during the quarter ended Mar 31, 2025. Its underwriting profit dropped by 48.9% at Rs 71.7 crore in Q1 FY26 from Rs 140.3 crore in the same quarter last year. The Gross Written Premium (GWP) rose by 3.7% and stood at Rs 3,605 crore in the April-June quarter FY26, which was at Rs 3,475 crore during the year ago quarter. Anand Roy, MD and CEO, Star Health and Allied Insurance said, "During the quarter we stayed prudent in our risk selection, made critical pricing and underwriting changes."
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Business Standard
16 hours ago
- Business
- Business Standard
Star Health Insurance Q1 results: Profit falls 18% to ₹263 crore
Star Health and Allied Insurance on Tuesday reported an 18 per cent decline in net profit to ₹263 crore during the June quarter. The standalone health insurer posted a net profit of ₹319 crore during the April-June period of 2024-25. The company's total income during the June quarter rose to ₹4,116 crore against₹ 3,692 crore in the year-ago period, Star Health said in a regulatory filing. Gross written premium increased to₹ 3,605 crore during the quarter under review compared to ₹3,476 crore in the same period a year ago. Last week, Insurance Regulatory and Development Authority of India imposed a penalty of ₹3.39 crore and issued a warning to Star Health and Allied Insurance Company for violations under Irdai Information & Cyber Security Guidelines, 2023. The standalone insurer was in the spotlight last year after it came under a cyberattack in which personal data of customers got breached. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
