Quarterly Updates29 Jan 2026, 10:08 am
Star Health Reports 414% YoY Ind AS Profit Growth to €449 Cr for Q3 FY26, Q3 Combined Ratio Improves 317 bps to 98.9%
AI Summary
Star Health and Allied Insurance Company Limited, India's largest standalone health insurer, announced financial results for the third quarter of Financial Year 2025-26. The company reported a 414% Year-on-Year (YoY) growth in Profit After Tax (PAT) under Ind AS Accounting, reaching €449 Cr. The Q3 Combined Ratio improved by 317 bps to 98.9%, driven by a moderation in Loss Ratio. Star Health leads India’s Retail Health segment with a 31.3% market share for 9M FY26. The company has settled 2 Million+ claims amounting to ~€8,900 Crores during 9M FY26 and reported a healthy investment yield of 9.6%.
Key Highlights
- Star Health reports 414% YoY Ind AS Profit growth to €449 Cr for Q3 FY26
- Q3 Combined Ratio improves 317 bps to 98.9% driven by Loss Ratio moderation
- GWP (N basis) increased 23% YoY to 25,047 Crores for Q3 FY26
- Retail GWP increased 27% YoY to 4,838 Crores (N basis) for Q3 FY26
- Claims NPS improved from 63 at December 2024 to 64 at December 2025