ALFA Finder| 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
- ₹557.80
- Market cap
- ₹32,781 Cr
- Revenue (annual)
- ₹17,825 Cr
- Net profit (annual)
- ₹557.0 Cr
- P/E (TTM)
- 31.1×Sector 20.8×
- Promoter holding
- 58.00%-0.01% QoQ
- FII holding
- 15.86%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Star Health and Allied Insurance Company Ltd
All →Star Health and Allied Insurance Company Capital Structure Change
Star Health received IRDAI approval for HDFC Mutual Fund schemes to acquire equity up to 9.99% of paid-up capital, up from 4.49%. The approval extends the fund's existing stake and does not involve a stated rupee amount.
Star Health and Allied Insurance Company Results Update
Star Health reported Normalised PAT of ₹390 Crores in Q2 FY27, up 70% YoY. H1 FY27 PAT stood at ₹815 Crores, up 57% YoY.
Star Health and Allied Insurance Company Earnings Call Transcript: Key Takeaways
Star Health reported a significant structural turnaround with underwriting profitability for the fifth consecutive quarter.
- Call
- Guides 20% growth
Star Health and Allied Insurance Company Other Announcement
Star Health filed a NIL Reg 54 security cover certificate for unsecured NCDs. No secured debt is covered, so this is routine compliance.
Star Health and Allied Insurance Company Investor Presentation: Key Takeaways
H1 FY27 PAT ₹815 Cr (+57%); CISR improved to 97.9% from 100.3%; underwriting result ₹210 Cr vs loss ₹24 Cr. Retail fresh GWP +36%, driven by agency and D2C. Reported profit includes ₹229 Cr MTM gain.
Star Health and Allied Insurance Company Promoter Reclassification
Star Health's board approved reclassifying Sthitaprajna Advisors LLP from promoter group to public shareholder category. The move is subject to requisite regulatory approvals.