Star Health and Allied Insurance Company Ltd Q3 FY26 Results
STARHEALTHQ3 FY26 ResultsAnnounced 28 Jan, 6:27 pm| Metric | Value (₹ Cr) | vs Q2 FY26 |
|---|---|---|
| Revenue | 4.4K | 4.2% |
| Total Income | 4.4K | 4.2% |
| Expenditure | 4.4K | 2.1% |
| PBT | 173.42 | 123.3% |
| Net Profit | 128.22 | 133.6% |
| OPM | 1.56% | 2.01pp |
| NPM | 2.88% | 1.59pp |
| EPS | 2.18 | 134.4% |
Star Health Reports 414% YoY Ind AS Profit Growth to ₹449 Cr for Q3 FY26, Improves Combined Ratio by 317 bps
28 Jan 2026 · 28 Jan, 6:42 pm
Summary
Star Health and Allied Insurance Company Limited, India’s largest standalone health insurer, announced financial results for Q3 FY26. The company reported a 414% YoY growth in Profit After Tax (PAT) to ₹449 Crores, driven by premium growth, healthier loss ratio, and improved operating efficiency. Star Health reiterated its commitment towards transparent reporting practices aligned with principles under Ind AS Accounting.
Key Highlights
- 1
GWP (N basis) increased 23% YoY to ₹5,047 Crores
- 2
Ind AS PAT: ₹2,449 Crores (414% YoY growth)
- 3
Ind AS Combined Ratio: 98.9% (improvement by 317 bps over Q3 FY25 of 102.1%)
- 4
Retail GWP increased 27% YoY to ₹4,838 Crores (N basis)
- 5
9M FY26 closed with GWP (N basis) of ₹13,856 Crores, a 16% YoY growth
- 6
Star Health continues to lead India’s Retail Health segment with a market share of 31.3% for 9M FY26
Management Comments
Mr. Anand Roy
CEO & Managing Director, Star Health and Allied Insurance Company Limited
Star Health remains focused on maintaining leadership in Retail Health and compounding a durable, value- accretive franchise—guided by disciplined execution and an emphasis towards sustainable, ROE-led outcomes. Our actions towards portfolio recalibration, disciplined underwriting, prudent expense management, and technology-led delivery are translating into a stronger operating profile, as reflected through improvements in loss ratio, expense ratio and customer experience. Alongside operating drivers, we reported healthy investment yield of 9.6%— underlining our pro-active stance towards value-creation. By aligning our reporting with IFRS—the global financial reporting standard—we are enhancing transparency and comparability and are well-prepared for the industry's transition to this regime in 2027.
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