Star Health and Allied Insurance Company Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Star Health reported Q1 FY27 gross written premium growth of 19% year-on-year on both a 1/N and N basis, with fresh retail health GWP up 37% YoY on 1/N basis. Profit after tax rose 25% YoY to Rs 550 crore, while normalised PAT increased 44% YoY to Rs 386 crore with annualised ROE rising to 15.6%. Management also reported a fourth consecutive quarter of improvement in underwriting profitability, with the combined insurance service ratio improving to 97% from 98.7% a year earlier.
Star Health reported Q4 FY26 GWP growth of 17% YoY to Rs. 6,259 crore and full-year GWP growth of 16% YoY to Rs. 20,369 crore, crossing the Rs. 20,000 crore milestone. The company posted a Q4 net loss of Rs. 55 crore due to a Rs. 558 crore mark-to-market loss on equities, while full-year PAT rose 16% YoY to Rs. 911 crore, and normalized PAT (using an 8% investment yield assumption) grew 45% YoY to Rs. 1,222 crore. Management highlighted continued improvement in loss ratio and combined ratio across the year, driven by pricing actions, portfolio recalibration, and wellness/telemedicine initiatives.