Star Health posts strong Q4; net zooms to ₹111 cr as insurer cuts underwriting losses

Star Health and Allied Insurance Company reported a sharp year-on-year improvement in its fourth quarter performance on Tuesday, April 28, with net profit zooming to ₹111.3 crore compared to just ₹50 lakh in Q4FY25. However, profit was down sequentially from ₹128.2 crore in Q3FY26.

Net earned premium grew 13.9% year-on-year to ₹4,327.2 crore from ₹3,798.3 crore, reflecting steady business growth. The insurer also narrowed its underwriting losses to ₹154.28 crore, down from ₹275.17 crore a year ago, according to the exchange filing.

Operating performance showed a turnaround, with the company reporting an operating profit of ₹64 crore versus an operating loss of ₹87 crore in the corresponding quarter last year.

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Q3 results

In the December quarter (Q3), the company had reported a 40.5% year-on-year decline in net profit to ₹128.2 crore from ₹215 crore. Operating profit had also dropped 54.6% to ₹69.2 crore, while net earned premium rose 11.9% to ₹4,250 crore, indicating pressure on profitability despite continued premium growth.

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Shares of Star Health and Allied Insurance Company ended marginally higher on Tuesday, April 28, by 0.15% at 516.35 on the NSE.