Star Health Q2 FY27 PAT ₹390 Cr, up 70% YoY
Star Health and Allied Insurance Company Limited reported a Normalised Profit After Tax (PAT) of ₹390 Crores for Q2 FY27, marking a significant 70% year-on-year increase. The company achieved its fifth consecutive quarter of underwriting profit improvement, swinging from a loss of ₹40 Crores in Q2 FY26 to a profit of ₹99 Crores in Q2 FY27. For the half-year ended September 30, 2026 (H1 FY27), Normalised PAT grew 56% YoY to ₹775 Crores, with underwriting profit improving to ₹210 Crores from a loss of ₹24 Crores in H1 FY26. Gross Written Premium (GWP) increased by 19% YoY to ₹5,275 Crores in Q2 FY27, with Retail Health fresh GWP rising 35% YoY. The Combined Insurance Service Ratio (CISR) improved to 98.0% from 100.9% in the prior year's quarter. The company also highlighted improvements in claims settlement ratio, customer persistency, and Net Promoter Score (NPS), alongside strong growth in its digital channels.
Key Highlights
- Normalised PAT surged 70% YoY to ₹390 Cr in Q2 FY27.
- Underwriting profit turned positive at ₹99 Cr, a significant improvement.
- GWP grew 19% YoY to ₹5,275 Cr; Retail Health GWP up 35% YoY.
- Combined Insurance Service Ratio improved to 98.0% from 100.9%.
- Digital channels showed strong growth, with 97% of fresh policies sourced digitally.
Price Impact
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