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Investor Presentation

Star Health and Allied Insurance Company Investor Presentation: Key Takeaways

Star Health delivered strong Q1 FY27 results with 19% GWP growth and significantly improved profitability, driven by its proprietary distribution channels and digital initiatives.

Highlights
Revenue growth19% YoY GWP growth
MarginsCISR improved to 97.0% from 98.7% YoY
Demand visibilityStrong; 94% fresh business from new-to-insurance
Management confidenceHigh; citing distribution moat and compounding scale engine

Growth

GWP grew 19% YoY to ₹4,287 Cr. PAT rose 25.6% to ₹550 Cr, with a combined ratio improving to 97.0%.

Outlook

Focusing on sustainable profitable growth through proprietary channels; scaling D2C, which saw 142% growth in retail fresh GWP.

Risks

Management monitors segment-level risk and claims experience; high reliance on agency force and competitive retail health landscapes.

Last quarter's promises, checked

Delivered

  • Target GWP growth high-teen → delivered 19% (= BEAT)
  • Target 1L new agents/year → delivered 20k in Q1 (= BEAT)
  • Target underwriting profit turnaround → delivered positive FY26 result (= BEAT)

Partly delivered

  • Target 15% NEP growth → delivered 19% GWP but NEP lags due to long-term policies (= PARTIAL)
Source

Investor Presentation 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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Promoter Reclassification

Star Health and Allied Insurance Company Promoter Reclassification

Star Health has withdrawn its application for reclassification of three promoter group entities. The Board of Directors approved this withdrawal via circular resolution.

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Other Announcement

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Star Health has withdrawn its reclassification application for IDC Electronics Limited, a promoter group entity.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.