Star Health and Allied Insurance Company Limited — Investor Meet, 03-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Star Health reported strong H1 FY26 results with Profit After Tax up 21% to Rs. 518 Cr and Gross Written Premium up 12% to Rs. 8,809 Cr. Retail GWP grew 17%. The combined ratio improved to 100.3%, while the Q2 claim ratio decreased by 190 basis points to 71.8%. Management noted the exit from unprofitable group business, with retail now comprising 95% of the book. Digital business is a key growth driver, up 47%. The GST exemption on retail health is a significant positive, driving 50% fresh business growth in October. The company is focused on annual repricing and expects continued loss ratio improvement, maintaining a confident outlook on profitable growth.