Star Health Q1 Results | Net dips 18%, underwriting profit sharply lower, net premium rises

Standalone health insurer Star Health and Allied Insurance Company Ltd on Tuesday (July 29), reported a 17.7% year-on-year decline in net profit at ₹262.5 crore for the first quarter that ended June 30, 2025.

In the corresponding quarter of the previous fiscal, Star Health and Allied Insurance Company posted a net profit of ₹318.9 crore.

The company reported an underwriting profit of ₹71.7 crore for the June quarter, marking a 48.9% decline from ₹140.3 crore a year ago. Net premium earned during the quarter rose 11.8% YoY to ₹3,938 crore from ₹3,520.

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For the quarter ended June 30, 2025, Star Health Insurance recorded a Gross Written Premium (GWP) of ₹3,936 crore, representing a 13% year-on-year growth on a 1/N basis.

The overall combined ratio on an IFRS basis stood at 99.6% for Q1. This performance was driven by strong fresh retail premium growth and prudent underwriting practices. Claims Net Promoter Score (NPS) improved to 57, up from 45.8 in Q1FY25.
Retail Health continued to be the primary contributor to the company’s performance, accounting for ₹3,667 crore (N basis) of the total GWP in Q1FY26. Retail GWP grew 18% year-on-year, with fresh retail premiums rising by 25%.

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The customer app of Star Health reached 11 million downloads during the quarter, incorporating innovations such as real-time claims tracking and document submission. New product launches like Super Star and Star Flexi are gaining momentum and have collectively generated over ₹1,000 crore in premiums over the last 12 months.

Star Health operates through 913 offices, over 14,000 network hospitals, more than 7,75,000 licensed agents, and employs about 17,000 people. The results came after the close of the market hours. Shares of Star Health and Allied Insurance Company Ltd ended at ₹424.75, up by ₹1.45 or 0.34%, on the BSE.

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