Star Health announced a 414% year-over-year increase in profit after tax (PAT) to ₹449 Cr for Q3 FY26, driven by premium growth and a healthier loss ratio. The combined ratio improved by 317 bps to 98.9%. The company’s gross written premium (GWP) grew by 23% year-over-year to ₹5,047 Crores. Retail GWP saw a 27% increase to ₹4,838 Crores.
Q3 FY26 Financial Performance
Star Health reported strong financial results for Q3 FY26, with profit after tax (PAT) reaching ₹449 Crores, a substantial 414% year-over-year growth. This growth was attributed to increased premium volume, improved loss ratio, and enhanced operating efficiency. The company reported Gross Written Premium (GWP) of ₹5,047 Crores, representing a 23% year-over-year increase. Retail GWP specifically increased by 27% to ₹4,838 Crores, fueled by a 60% year-over-year growth in fresh retail premiums.
Key Performance Indicators
The company’s Ind AS Combined Ratio improved to 98.9%, a 317 bps improvement from Q3 FY25 (102.1%). The Loss Ratio improved by 301 bps to 68.8%, and the Expense Ratio improved by 16 bps to 30.1%.
9M FY26 Performance Highlights
For the first nine months of FY26, Star Health reported a 16% year-over-year increase in GWP to ₹13,856 Crores. Retail GWP increased by 20% year-over-year to ₹13,170 Crores. Profit After Tax (PAT) for the period reached ₹966 Crores, an 87% year-over-year increase. The Ind AS Combined Ratio improved to 99.8%, a 222 bps improvement compared to the same period last year. Market share stood at 31.3%.
Claims and Customer Service
Star Health settled 1.36 Million claims amounting to over ₹8,900+ Crores during the first nine months of FY26. The company maintained robust renewal trends, achieving a 99.2% persistency rate. The company also improved its Net Promoter Score (NPS) from 55 in December 2024 to 64 in December 2025.
Digital Initiatives
Digital channels contributed to 20% of fresh retail sales. 76% of overall premiums were collected digitally. The company’s distribution app, "Atom," facilitated 85% of fresh policy acquisitions digitally.
Source: BSE
