| Revenue growth | FY26 Insurance Revenue grew 13% YoY to ₹17,999 Cr. |
|---|---|
| Margins | Combined ratio improved 236 bps to 98.8% in FY26. |
| Demand visibility | High; 2.8 Cr lives covered with 99% persistency. |
| Management confidence | Strong momentum in proprietary and digital channels. |
Growth
FY26 GWP grew 16% YoY to ₹20,369 Cr. Retail fresh GWP surged 37% YoY.
Outlook
Strong focus on digital channels (96% fresh digital premium) and agency network expansion (8.3L agents).
Risks
Marked-to-market investment losses of ₹127 Cr in FY26. Potential regulatory shifts in health insurance.
Last quarter's promises, checked
Delivered
- Guided 1 lakh new agents/year → delivered 8.3L total agents (= BEAT)
- Guided 90%+ digital fresh premium → delivered 95% (= BEAT)
- Guided 30%+ market share → delivered 31.3% (= BEAT)
Partly delivered
- Guided 15% NEP growth → delivered 13% Insurance Revenue growth (= PARTIAL)
Missed
- Guided 65-66% retail loss ratio → delivered 68.2% (= MISS)
Earnings Call filed with NSE, NSE: STARHEALTH. Summary written with AI assistance from 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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