Star Health reports strong profit growth, improved efficiency in H1 FY26

Star Health and Allied Insurance Company Limited announced unaudited standalone financial results for the quarter and half-year ended September 30, 2025. The company reported a profit after tax (PAT) of ₹518 crore, marking a 21% year-on-year growth under IFRS, driven by a healthier loss ratio and improved operating efficiency. Gross written premium (GWP) reached ₹8,809 crore, an increase of 12% year-on-year, with retail GWP rising 17% to ₹8,332 crore.

The company's combined ratio (IFRS basis) improved to 100.3% from 102.1% in the same period last year, and the solvency ratio remained robust at 2.15x. The expense ratio improved to 29.7% from 31.1% (IFRS) in H1 FY26 due to enhanced manpower productivity and disciplined cost management. Furthermore, the net incurred claims ratio was 70.6%, a 30 bps decrease from the prior year.

Digital initiatives continue to expand, with the Star Health app surpassing 12 million downloads. The company also disclosed an IRDAI penalty of ₹339 lakhs in September 2025 related to non-compliance with Information & Cyber Security guidelines, which was provided for in the June 2025 quarter.