Star Health reports strong H1 FY26 performance

Star Health and Allied Insurance Co. Ltd. announced its H1 FY26 results, reporting an increase in gross written premium (GWP) to INR 8,809 Cr, up from INR 7,847 Cr in H1 FY25. The company's profit after tax (PAT) also rose significantly to INR 518 Cr in H1 FY26 from INR 428 Cr in H1 FY25. The combined ratio stood at 100.3% in H1 FY26, an improvement from 102.1% in H1 FY25.

The company's retail health market share remained strong at 32% in H1 FY26, with retail GWP growing by 17% to INR 8,332 Cr from INR 7,120 Cr in H1 FY25. Digital channels showed remarkable growth, with a 47% increase in fresh GWP from D2C & Digital Partnerships, reaching INR 390 Cr. The agency force also expanded, contributing to 82.7% of total GWP.

Customer-centric initiatives proved successful, with the renewal ratio at 98% in H1 FY26. Claims management capabilities were highlighted by 88% cashless claims in H1 FY26. The company also reported a 121% growth in telemedicine usage, alongside a 7% increase in NOP retention for customers opting for preventive health checkups.