The insurer’s underwriting profit surged to Rs 111 crore from Rs 16 crore in the corresponding quarter last year.Combined ratio of the insurer improved from 98.7 per cent in Q1FY26 to 97 per cent in Q1 FY 27.
Chennai:Star Health and Allied Insurance Company, the largest retail health insurer in the country, on Wednesday reported a 25 per cent increase in net profit to Rs 550 crore for the first quarter ended June 2026.
The standalone health insurer had posted a net profit of Rs 438 crore during the corresponding quarter of the previous financial year.
The insurer’s underwriting profit surged to Rs 111 crore from Rs 16 crore in the corresponding quarter last year.
Combined ratio of the insurer improved from 98.7 per cent in Q1FY26 to 97 per cent in Q1 FY 27.
The private health insurance firm’s gross written premium during the quarter rose 19 per cent to Rs 4,287 crore from Rs 3,605 crore in the year-ago period.
Investment income of the company increased by 10 to Rs 644 crore during the reporting quarter.
During the quarter, total income increased to Rs 4,471 crore from Rs 3,990 crore in the same period a year ago, Star Health and Allied Insurance Company said in a regulatory filing.
However, the company’s solvency ratio declined to 209 per cent from 222 per cent in the same quarter a year ago.
“Our performance in the first quarter reflects the strength of our fundamentals and the consistency of our execution,” Star Health Insurance Managing Director and CEO Anand Roy said.
Sustainable growth, improvement in core underwriting profitability and operating discipline helped the company deliver a strong start to the year, he added.
The insurer settled 9.6 lakh claims during the quarter, while its retail claims settlement ratio improved to 91 per cent.