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Star Health Profit Skyrockets 414% YoY
3 Feb
Summary
- Star Health's Q3 FY26 profit grew 414% year-on-year.
- Gross Written Premium increased 23% for Q3 FY26.
- Company leads Indian Retail Health segment with 31.3% market share.
Star Health and Allied Insurance announced a significant financial performance for the third quarter of the Financial Year 2025-26, reporting a Profit After Tax (PAT) of ₹449 Crores. This represents a substantial 414% year-on-year growth, attributed to increased premiums, a better loss ratio, and enhanced operational efficiency.
The company achieved a Gross Written Premium (GWP) of ₹5,047 Crores in Q3 FY26, marking a 23% year-on-year increase. Retail GWP also saw a 27% rise, fueled by a strong 60% growth in fresh retail premiums. Star Health continues to dominate India's Retail Health segment, holding a market share of 31.3% for the first nine months of FY26.
Operational improvements are evident in the combined ratio, which decreased to 98.9% for Q3 FY26 from 102.1% in Q3 FY25. The loss ratio improved by 301 basis points to 68.8%, and the expense ratio saw a marginal improvement to 30.1%.
Star Health is actively embracing a digital-first approach, with digital channels contributing 20% to fresh retail sales and 76% of overall premiums collected digitally. An AI-enabled claims engine has processed 57% of claims traffic, improving productivity and customer feedback. The company's customer app has surpassed 13 million downloads.
CEO Anand Roy highlighted the company's commitment to transparency by aligning reporting with IFRS, the global financial reporting standard. Star Health aims to actualize the national ambition of 'Insurance for All' by 2047, supported by a growth-supportive macro and policy environment.
