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Earnings Call

Star Health and Allied Insurance Company Earnings Call: Key Takeaways

Star Health Q4FY26/FY26 presentation shows a shift to IndAS. FY26 PAT grew 16% YoY to ₹911 Cr with a Combined Ratio improvement to 98.8%. Strategy focuses on proprietary agency growth and digital onboarding.

Highlights
Revenue growth16% YoY GWP growth in FY26.
MarginsCombined Ratio improved 236 bps to 98.8% for FY26.
Demand visibilityHigh; 93% fresh NOPs are new to insurance.

Growth

FY26 GWP grew 16% to ₹20,369 Cr; Retail fresh GWP surged 37%. Normalised PAT rose 45% YoY to ₹1,222 Cr.

Outlook

Targets 2.1x investment leverage; scaling home healthcare to 300+ cities and maintaining 95%+ digital policy sourcing.

Risks

Marked-to-Market investment losses of ₹127 Cr in FY26; volatile investment yields (5.8% vs 7.6% YoY).

Source

Earnings Call filed with NSE, NSE: STARHEALTH. Summary written with AI assistance from the document.

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Star Health and Allied Insurance Company Ltd: key numbers

Share price
₹558.15
Market cap
₹32,801 Cr
Revenue (annual)
₹17,825 Cr
Net profit (annual)
₹557.0 Cr
P/E (TTM)
38.9×Sector 22.0×
Promoter holding
58.01%+0.03% QoQ
FII holding
16.04%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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