Star Health and Allied Insurance Company Ltd
Star Health and Allied Insurance Company Limited has informed the Exchange about the audited financial results for the quarter and year ended March 31, 2026
RESULTS
● No Immediate Change
MEDIUM RISK
📅 Filed on BSE: 28 Apr 2026, 07:00 PM IST · BSE ID: cd948522-500d-4006-a506-2b5b8df33c5c
View Original BSE Filing (PDF)
💡
In Simple Terms
Star Health released its full-year 2026 financial results showing profit of INR 55,698 Million and premiums of INR 17,65,025 Million.
🤖 AI Summary
- Star Health FY26 net profit INR 55,698 Million; EPS INR 9.47 diluted vs INR 11.01 prior year
- Net written premium INR 17,65,025 Million in FY26; operating profit INR 36,261 Million
- Net worth INR 7,58,866 Million; debt-to-equity 0.06; return on net worth 9.20% for year
- Expense ratio 17.10% FY26 vs 17.59% FY25; technical reserves-to-premium ratio 0.66
- Current liability ratio 0.80; claims paid to claims provision 90.77% in full year
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit FY26
INR 55,698 Million
-13.9%
Net Written Premium FY26
INR 17,65,025 Million
13.7%
Earnings Per Share (Diluted)
INR 9.47
-13.9%
Operating Profit FY26
INR 36,261 Million
-7.8%
Net Worth
INR 7,58,866 Million
-0.1%
Expense Ratio
17.10%
-49 bps
Debt-to-Equity Ratio
0.06
Return on Net Worth
9.20%
🏢 How This Affects the Company
Net written premium grew to INR 17,65,025 Million in FY26. Operating profit reached INR 36,261 Million, reflecting continued underwriting activity in the health insurance segment.
Net profit of INR 55,698 Million with EPS of INR 9.47 (diluted). Net worth INR 7,58,866 Million; debt-to-equity ratio 0.06 indicates conservative leverage. Return on net worth 9.20% demonstrates capital efficiency.
Expense ratio improved to 17.10% in FY26 from 17.59% prior year, showing operational cost control. Claims paid to claims provision ratio of 90.77% reflects strong settlements against provisioned liabilities.
Underwriting balance ratio negative at -2.48% for FY26, indicating underwriting losses offset by investment income. Technical reserves-to-net written premium ratio of 0.66 is below prior year 0.68, reducing adequacy cushion.
👥 What This Means For Shareholders
✅
Action Required
Shareholders holding for dividend should check announcement date; audited results confirm earnings base for dividend declaration.
👤
Who Is Affected
All equity shareholders. EPS diluted basis INR 9.47 forms basis for dividend payout. Net worth of INR 7,58,866 Million reflects cumulative shareholder value.
🔍
Management Signal
Management prioritized operational efficiency (expense ratio down to 17.10%) and maintains conservative leverage (debt-to-equity 0.06), signaling focus on stability over growth.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — verify if net written premium maintains growth momentum above INR 4.4 trillion annualized
Dividend announcement — check board declaration and ex-date based on FY26 earnings of INR 55,698 Million
Solvency ratio trend — monitor if technical reserves-to-premium improves from FY26 level of 0.66
MEDIUM RISK
Negative underwriting balance (-2.48%) dependent on investment yields for profitability. EPS declined 13.9%. Monitor premium growth sustainability and claims inflation.
💡 Investor Takeaway
Star Health reported FY26 net profit INR 55,698 Million and EPS INR 9.47 (diluted), down 13.9% year-on-year. Net written premium INR 17,65,025 Million; expense ratio improved to 17.10%. Negative underwriting balance (-2.48%) offset by investment income. Net worth INR 7,58,866 Million with 9.20% return on capital.
⚖️ Strengths & Concerns
✅ Positives
- Net worth increased to INR 7,58,866 Million; conservative debt-to-equity ratio of 0.06 provides financial stability
- Expense ratio improved to 17.10% in FY26 from 17.59% in FY25, demonstrating operational efficiency gains
⚠️ Concerns
- Negative underwriting balance of -2.48% in FY26 indicates reliance on investment returns to offset claims losses
- EPS declined to INR 9.47 (diluted) in FY26 from INR 11.01 prior year, representing 13.9% decrease year-on-year
📅 Company Track Record
Star Health IRDAI registration No. 129 dated March 16, 2006. This is first audited result filing observed in current dataset. Company maintains health insurance focus with net written premium of INR 17,65,025 Million and operating structure generating INR 36,261 Million operating profit.
Based on publicly available historical data. For context only.