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Earnings Call

Star Health and Allied Insurance Company Earnings Call: Key Takeaways

Star Health FY26 results show strong profitable growth under IndAS with PAT at ₹911 Cr and Combined Ratio improved to 98.4%. Management maintains a focus on retail indemnity and digital-first strategies.

Why this was an Alfa AlertNot a filter event. Financials are largely in line with general growth trends; no explicit guidance beat over 5% confirmed by management.
Highlights
Revenue growth16% YoY growth in GWP
MarginsCombined Ratio improved 236 bps to 98.8% (IndAS FY26)
Demand visibilityStrong; 37% retail fresh growth and 14Mn+ app downloads
Management confidenceHigh; emphasis on proprietary agency and digital channels

Growth

GWP grew 16% YoY to ₹20,369 Cr; Normalised PAT up 45% YoY to ₹1,222 Cr.

Outlook

Targeting 19% Retail GWP growth and further digital expansion; solvency ratio remains robust at 2.05x.

Risks

Investment income volatility (MTM losses in Q4FY26) and increasing grievance ratio from 23 to 27 YoY.

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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Star Health and Allied Insurance Company Board Meeting Date

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Star Health and Allied Insurance Company Other Announcement

Star Health has withdrawn its reclassification application for IDC Electronics Limited, a promoter group entity. Entities that have ceased to exist are also removed from promoter group.