Star Health and Allied Insurance Company Limited announced its financial results for the third quarter and nine months of FY2026. The company reported a significant increase in Profit After Tax (PAT) to ₹449 crore for Q3 FY2026, a substantial rise from ₹87 crore in Q3 FY2025. The Gross Written Premium (GWP) on a Net basis increased by 23% year-on-year to ₹5,047 crore in Q3 FY2026. The company also reported an IND AS underwriting profit of ₹46 crore in Q3 FY2026, a marked improvement from an underwriting loss of ₹79 crore in Q3 FY2025. This was driven by a 320 basis point improvement in the combined ratio, which stood at 98.9% in Q3 FY2026 compared to 102.1% in Q3 FY2025. The loss ratio declined by 301 basis points to 68.8% in Q3 FY2026, and the expense ratio also saw a reduction. For the nine months of FY2026 (9M FY2026), GWP increased by 16% year-on-year to ₹13,856 crore. The IND AS PAT for 9M FY2026 rose by 87% year-on-year to ₹966 crore from ₹516 crore in 9M FY2025. The underwriting profit for 9M FY2026 was ₹20 crore, compared to a loss of ₹227 crore in the previous year, with the combined ratio improving by 222 basis points to 99.8%. Operationally, Star Health maintained its leadership in the retail health segment with a market share of 31.3% for 9M FY2026. The agency channel, contributing 83% of the business, saw GWP grow by 19% year-on-year during 9M FY2026. The digital channel contributed 9% of the overall business and 20% of fresh business, with GWP growing by 35% year-on-year. The company also highlighted its focus on preferred segments and geographies, with 95% of its business coming from the retail segment. Claims settlement ratio stood at a consolidated 90% for 9M FY2026, and customer satisfaction metrics, including NPS, showed improvement.
