Star Health and Allied Insurance Company Limited — Investor Meet, 05-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Star Health reported Q1 FY26 Gross Written Premium of ₹3,936 Cr (+13% YoY) and IFRS Profit After Tax of ₹438 Cr (+44% YoY). Retail health GWP grew 18%, driven by 25% fresh premium growth and 98% renewal persistency. The claims ratio stood at 69.5%, with pricing corrections on 65% of the book and Fraud, Waste & Abuse savings up 30%. The IFRS expense ratio reduced 100 basis points to 30.1%. Digital business saw impressive 73% fresh growth. Management highlighted a risk-first, digital-first strategy, confident in delivering profitable growth and improved customer experience.