Mumbai, India — April 28, 2026
Health insurer Star Health and Allied Insurance Company Limited reported a solid financial performance for the fourth quarter of fiscal year 2025–26, with net profit rising 40% year-on-year to ₹142.6 crore, compared with ₹102 crore in the same period last year.
The strong earnings were supported by robust premium growth and improved underwriting efficiency.
Premium and Income Growth Remain Strong
The company’s gross written premium (GWP) increased 18% to ₹4,968 crore, reflecting sustained demand in the health insurance segment.
Total income also rose 18.4% year-on-year to ₹3,415.54 crore, compared with ₹2,883.69 crore in the year-ago quarter.
Key Ratios Signal Operational Strength
Star Health reported improvement in key financial metrics:
- Combined Ratio improved to 92.7%, indicating better underwriting performance
- Solvency Ratio stood at 2.21x, well above the regulatory requirement of 1.50x, highlighting a strong capital position
Full-Year Profit Crosses ₹1,000 Crore
For the full fiscal year 2025–26, the company reported a 63% jump in net profit to ₹1,008 crore, compared with ₹619 crore in FY25, marking a significant milestone in profitability.
Market Reaction
Despite the strong earnings, shares of Star Health declined modestly. The stock fell 1.81% on the National Stock Exchange (NSE), closing at ₹494.35, reflecting cautious investor sentiment.
Outlook
The company’s performance underscores continued growth in India’s health insurance market, driven by rising awareness and demand. Analysts expect the sector to maintain momentum, with profitability supported by disciplined underwriting and premium expansion.
