Star Health Insurance reported a 40% decline in net profit to ₹128 crore for Q3FY26, despite a 22% year-on-year increase in gross premiums to ₹4,624 crore. According to Ind AS accounting, the insurer posted a profit after tax of ₹449 crore, up 414% year-on-year. | Photo credit: ANI
Strong PAT growth
In a statement, the company said that under Ind AS Accounting (Indian Accounting Standards, a financial reporting framework), it posted a profit after tax (PAT) of ₹449 crore, growing 414% year-on-year. GWP on N basis (net basis, excluding ceded reinsurance) stood at ₹5,047 crore, growing 23% YoY.
Claims handling
Star Health said it has settled 1.36 million claims amounting to ₹8,900+ crore during FY26. “Renewal trends were robust through the first nine months of FY26 with a persistence of 99.2%,” the report said.
“Star Health remains focused on maintaining leadership in the retail healthcare space and our actions around portfolio recalibration, disciplined underwriting, prudent cost management and technology-enabled delivery are translating into a stronger operating profile,” said Anand Roy, CEO and Managing Director of Star Health and Allied Insurance Company Limited.
Healthy investment return
He added that in addition to the operational drivers, the company has also reported a healthy investment return of 9.6 percent. “We are encouraged by the growth-supportive macro and policy environment and aim to achieve the national ambition of ‘Insurance for All’ by 2047,” Roy said.
On Wednesday, shares of Star Health Insurance closed at ₹440.00 on the NSE, up ₹14.80 or 3.48 percent from the previous day.
Published on January 29, 2026
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