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Star Health Surges: Profit Soars 44% in Q1
30 Jul
Summary
- Star Health's profit after tax rose by 44% year-over-year to ₹386 Crores.
- Gross written premium increased by 19% year-over-year to ₹4,287 Crores.
- Digital channels contributed 16% of fresh retail sales with 142% growth.
Star Health and Allied Insurance Company Limited announced impressive financial results for Q1 FY27, ending June 30, 2026. The company achieved a normalized Profit After Tax (PAT) of ₹386 Crores, a substantial 44% increase compared to the previous year. This strong performance was driven by healthy premium growth and operational efficiencies, with underwriting profit reaching ₹111 Crores.
Gross Written Premium (GWP) saw a significant 19% year-over-year rise, totaling ₹4,287 Crores in Q1 FY27. Notably, fresh retail health GWP grew by an even more impressive 37% year-over-year. The company's strategic focus on digital transformation continues to yield results, with its proprietary digital D2C channel accounting for 16% of fresh retail sales, experiencing a remarkable 142% growth.
Further demonstrating customer trust, Star Health settled 9.6 lakh claims during the quarter, with its retail claims settlement ratio improving to 91%. The Net Promoter Score (NPS) also saw a significant boost, increasing by 12 points to 65. The company's AI-enabled digital platform, ATOM PRO, was recognized for its excellence, enhancing advisor productivity and customer engagement.
