Star Health and Allied Insurance Company Ltd Q4 FY26 Results
STARHEALTHQ4 FY26 ResultsAnnounced 28 Apr, 5:59 pm| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 4.5K | 2.3% | 14.0% |
| Total Income | 4.5K | 2.3% | 14.0% |
| Expenditure | 4.5K | 2.4% | 10.0% |
| PBT | 151.20 | 12.8% | 17479.3% |
| Net Profit | 111.33 | 13.2% | 21729.4% |
| OPM | 1.41% | 0.15pp | 3.59pp |
| NPM | 2.45% | 0.43pp | 2.44pp |
| EPS | 1.89 | 13.3% | 18800.0% |
Star Health PAT up 16% to ₹911 Cr in FY26; Combined Ratio improves
28 Apr 2026 · 28 Apr, 7:33 pm
Summary
Star Health and Allied Insurance Company Limited reported a strong performance for FY26, with Profit After Tax (PAT) growing by 16% Year-on-Year to ₹911 Crores. This growth was driven by a 16% increase in Gross Written Premium (GWP) to ₹20,369 Crores and a significant improvement in operating metrics. The company's IndAS Combined Ratio improved to 98.8% in FY26 from 101.1% in FY25, resulting in an Underwriting Profit of ₹206 Crores. CEO Anand Roy attributed the success to disciplined execution, prudent underwriting, and increased digital adoption, reaffirming commitment to sustainable growth and expanding access to quality health insurance across India.
Key Highlights
- 1
Star Health reported a 16% Year-on-Year (YoY) growth in Profit After Tax (PAT), reaching ₹911 Crores for FY26.
- 2
Gross Written Premium (GWP) for FY26 increased by 16% YoY to ₹20,369 Crores, with retail health premium growing 20% to ₹19,341 Crores.
- 3
The IndAS Combined Ratio significantly improved to 98.8% in FY26, down from 101.1% in FY25, reflecting healthier underwriting metrics.
- 4
The company recorded an Underwriting Profit of ₹206 Crores in FY26, a turnaround from a loss of ₹165 Crores in FY25.
- 5
For Q4 FY26, GWP grew by 17% YoY to ₹6,529 Crores, and the Combined Ratio further improved to 95.7% from 98.4% in Q4 FY25.
- 6
The digital channel emerged as a strong growth lever, contributing approximately 20% of fresh retail sales during FY26.
- 7
Star Health settled around 30 Lakh claims amounting to over ₹11,900 Crores in FY26, while maintaining a robust customer renewal persistency of 99%.
Management Comments
Mr. Anand Roy
FY26 has been a year of disciplined execution for Star Health. Our focus on prudent underwriting, operating efficiency, and retail health leadership has translated into stronger profitability and improved operating metrics. We have also continued to deepen digital adoption across the value chain to enhance customer experience and build long-term operating leverage. As we move ahead, we remain committed to sustainable growth, innovation-led service delivery, and making quality health insurance more accessible across India.
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