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Earnings Call

Star Health and Allied Insurance Company Earnings Call: Key Takeaways

Star Health delivered FY26 Net Profit of ₹911 Cr (up 16% YoY) with Insurance Revenue growing 13% to ₹17,999 Cr. Focus remains on digital-first distribution and retail indemnity leadership.

Highlights
Revenue growth13% YoY growth in Insurance Revenue for FY26.
MarginsCombined ratio improved to 98.4% in FY26 from 101.1%.
Demand visibilityStrong; 93% of fresh agency NOPs are new to insurance.
Management confidenceHigh confidence in proprietary agency and digital channels.

Growth

FY26 PAT grew 16% to ₹911 Cr; GWP up 16% to ₹20,369 Cr. Retail fresh GWP grew 37%.

Outlook

Targeting 1 million+ lives in underserved districts via 32 new clinics; scaling digital D2C and proprietary agency network.

Risks

Underwriting profit volatility from claims and potential regulatory shifts; notable investment income decline in Q4 FY26.

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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