Star Health Reports 21% YoY Profit Growth to 518 Cr; COR Improves by 170 bps in HI1FY26 under IFRS

Star Health and Allied Insurance Company Ltd. has reported a Profit After Tax (PAT) of 518 crores, a 21% year-on-year growth under IFRS. The company's Gross Written Premium (GWP) rose 12% Y-o-Y to 8,809 crores (N basis). The Retail GWP rose 17% to 8,332 crores (N basis), driven by a 24% increase in fresh retail premiums and a 98% renewal persistency in retail health. The Company continues to lead India’s retail health insurance segment with a 32% market share. The Net Incurred Claims Ratio at 70.6% in H1FY?26, a 30 bps decrease from the same period last year. The expense ratio improved to 29.7% in H1FY26 (from 31.1% a year ago). The combined ratio (IFRS basis) improved to 100.3% from 102.1% in the same period last year. The Company remains focused on disciplined underwriting, advanced digital and fraud analytics, and deeper partnerships with hospitals and distributors.