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Earnings Call

Star Health and Allied Insurance Company Earnings Call: Key Takeaways

Star Health FY26 results show strong momentum with 13% Insurance Revenue growth and a significantly improved Combined Ratio of 98.4% (IndAS). Strategy focuses on proprietary agency channels and digital onboarding.

Highlights
Revenue growth13% YoY Insurance Revenue growth
MarginsCombined Ratio improved 236 bps to 98.4%
Demand visibilityPositive; 93% new-to-insurance fresh NOPs
Management confidenceHigh; citing market leadership and proprietary network

Growth

FY26 PAT grew 16% YoY to ₹911 Cr. Normalised PAT surged 45% to ₹1,222 Cr. Insurance Revenue reached ₹17,999 Cr.

Outlook

Targeting 20% YoY growth in Retail GWP. Expanding 'Arogya Seva Kendra' to underserved districts.

Risks

Investment yield dropped from 7.6% to 5.8%. Higher grievance ratio compared to SAHI peers.

Source

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

Read the document ↗

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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