Star Health and Allied Insurance Co. Ltd. has announced its financial results for the second quarter and the first half of FY27. The company reported a significant increase in Profit After Tax (PAT) for the period, rising by 57% to ₹815 crore for H1 FY27, compared to ₹518 crore in H1 FY26. This growth is driven by a substantial increase in Gross Written Premium and an improved Underwriting Result.
Star Health and Allied Insurance Reports Strong Q2 & H1 FY27 Performance
Star Health and Allied Insurance Co. Ltd. has released its financial highlights for the second quarter (Q2) and the first half (H1) of the Financial Year 2027 (FY27). The company demonstrated robust growth, with its Profit After Tax (PAT) for H1 FY27 reaching ₹815 crore, marking a significant 57% increase from ₹518 crore in the corresponding period of FY26. This impressive performance underscores the company’s consistent growth trajectory and effective management strategies.
Key Financial Metrics for H1 FY27
The company’s financial performance for H1 FY27 showcases substantial improvements across key metrics. Profit After Tax (PAT) stood at ₹815 crore, up from ₹518 crore in H1 FY26. Return on Equity (ROE) also saw a considerable jump to 16.3% (annualised), compared to 11.6% in the prior year. Normalised PAT reached ₹775 crore, with a Normalised ROE of 15.1%.
Quarterly Performance Highlights (Q2 FY27)
In the second quarter of FY27, Star Health and Allied Insurance reported a Profit After Tax of ₹265 crore, a remarkable 233% increase from ₹80 crore in Q2 FY26. The company also reported an improved Combined Insurance Service Ratio (CISR) of 98.0%, down from 100.9% in Q2 FY26, indicating enhanced operational efficiency. The Underwriting Result for Q2 FY27 was a positive ₹99 crore, a substantial improvement from a loss of ₹40 crore in Q2 FY26.
Financial Snapshot (FY25, FY26, Q2 FY26, Q2 FY27, H1 FY26, H1 FY27)
| Particulars | FY25 | FY26 | YoY | Q2 FY26 | Q2 FY27 | YoY | H1 FY26 | H1 FY27 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Combined Insurance Service Ratio (CISR) | 101.0% | 98.9% | 100.9% | 98.0% | 100.3% | 97.9% | |||
| Underwriting Result (₹ Cr) | -151 | 198 | -40 | 99 | -24 | 210 | |||
| Investment Income (₹ Cr) | 1,260 | 1,091 | -13% | 165 | 268 | 62% | 752 | 911 | 21% |
| Profit After Tax (PAT) (₹ Cr) | 787 | 911 | 16% | 80 | 265 | 233% | 518 | 815 | 57% |
| Return On Equity (ROE; Annualised) | 9.5% | 10.0% | 3.5% | 10.3% | 11.6% | 16.3% |
Growth in Gross Written Premium
The company’s Gross Written Premium (GWP) has shown consistent growth. For H1 FY27, GWP stood at ₹9,562 crore, an increase of 19% year-on-year. Retail Fresh GWP saw an even more impressive rise of 36% year-on-year. This growth is attributed to the company’s strategic focus on proprietary channels and customer-centric initiatives.
Underwriting Profitability and Customer Centricity
Core underwriting profitability has been strengthened, with the Combined Insurance Service Ratio (CISR) for H1 FY27 at 97.9%, an improvement from 100.3% in H1 FY26. The Underwriting Result for H1 FY27 was a positive ₹210 crore, a significant turnaround from ₹-24 crore in H1 FY26. Customer centricity is also highlighted by a persistency rate of 102% and a Company NPS of 65 for H1 FY27.
Source: BSE
