Star Health and Allied Insurance Company Limited — Updates, 28-01-2025: Press Release

Star Health and Allied Insurance Company has reported a Profit After Tax (PAT) of Rs. 645 Crore for the first nine months of FY25, exhibiting steady growth across its business segments, innovative products, and a strong commitment to customer service. The company maintains a 32.2% market share in the retail health segment, with an 8% increase in policies sold.

Key financial metrics reveal a combined ratio of 101.8% and a claims ratio of 70.66%, both showing sequential improvement. The firm’s investment income rose to Rs. 996 Crore, alongside a 15% increase in investment assets to Rs. 16,666 Crore. With a solid solvency ratio of 2.22x, significantly above regulatory requirements, Star Health is poised for further growth. The number of agents has expanded to 761,000, and digital initiatives are proving impactful, with 70% of premium collections achieved through digital channels.

The company’s focus remains on enhancing customer satisfaction and expanding distribution, signaling a positive outlook for future performance. Investors should monitor Star Health for its capacity to adapt and continue leading in the health insurance sector.