Standalone health insurer Star Health and Allied Insurance Company reported a net profit of ₹111 crore in the quarter ended March 2026 (Q4FY26) compared to ₹50 lakh in Q4FY25, as per financial results filed with the exchanges. However, profit was down sequentially from ₹128 crore in Q3FY26.
Net earned premium for Q4FY26 grew around 14 per cent year-on-year to ₹4,327 crore from ₹3,798 crore, reflecting business growth.
For the full fiscal year FY26, net profit was at ₹557 crore compared to ₹646 crore in FY25.
In a press statement, the company said that net profit for FY26 under Ind AS Accounting method was ₹911 crore, a 16 per cent year-on-year (YoY) growth. This was supported by premium growth, better customer renewal persistency, moderation in loss ratio and improved operating efficiency, the company added.
Gross written premium (GWP) for FY26 came in at ₹20,369 crore, a growth of 16 per cent year-on-year (on N basis). For Q4 FY26, GWP (N basis) increased 17 per cent y-o-y to ₹6,529 crore.
Star Health pegged its FY26 market share at 31 per cent. The company said it has maintained a strong trajectory through the year, with FY26 combined ratio improving to 98.8 per cent from 101.1 per cent in FY25.
Star Health settled around 30 lakh claims amounting to over ₹11,900 crore during FY26, and its renewal trends were robust with 99 per cent persistency.
“FY26 has been a year of disciplined execution for Star Health. Our focus on prudent underwriting, operating efficiency and retail health leadership has translated into stronger profitability and improved operating metrics,” said Anand Roy, CEO & Managing Director, Star Health and Allied Insurance Company Ltd.
During the year, digital channel contributed ~20 per cent of fresh retail sales.
Published on April 28, 2026