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Earnings Call Transcript

Star Health and Allied Insurance Company Earnings Call Transcript: Key Takeaways

Star Health marked its 20th anniversary with strong Q1 FY27 results, showing 19% GWP growth and consistent underwriting profitability despite a higher claims season.

Guidance and delivery
Management target Revenue 16.0% FY27
Highlights
Revenue growthGWP increased 19% YoY; insurance revenue up 13.4%.
MarginsCombined Insurance Service Ratio improved to 97% from 98.7% YoY.
Demand visibilityStrong, especially from non-metro areas and first-time insurance buyers.
Management confidenceHigh; emphasizing 20 years of data and proprietary distribution strength.

Growth

Retail health GWP grew 19%, with fresh retail business surging 37% driven by non-metro expansion and digital channels.

Outlook

Management aims for a mid-to-high teens ROE and continued 30-40 bps annual expense ratio improvement.

Risks

Seasonal claims from vector-borne diseases in Q2 and potential growth moderation following the GST waiver base effect.

Source

Earnings Call Transcript 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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