Star Health & Allied Insurance Company Ltd Q3 FY25 Earnings Analysis
Published 5 Jul 2026 | Insurance | Market Cap: ₹34.6K Cr
Price
₹586
Market Cap
₹34.6K Cr
P/E Ratio
41.0
How does Star Health & Allied Insurance Company Ltd rank in Insurance?
Compare Star Health & Allied Insurance Company Ltd against every Insurance company this quarter on revenue, margins and earnings-call signals.
Star Health & Allied Insurance Company Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.6K Cr, net profit ₹111 Cr.
Full financials →Earnings Summary
The company is experiencing good growth in retail business with expansion in product and distribution profiles. Star Health targets doubling its top line by FY28, aiming for around 18% growth annually from FY24 onwards.
📊 Revenue & Sales Performance
- →The company is experiencing good growth in retail business with expansion in product and distribution profiles.
- →For the first nine months, there was a 50% volume growth and 50% value growth; Q3 showed around 7% growth in both volume and value for Retail Health.
- →Fresh retail health business grew by 22% in the first nine months, with retail fresh policy growth at 13%.
- →Digital fresh business grew by 58%, with "Super Star" product driving fresh growth, becoming a top seller on digital platforms.
- →The largest premium quarter is expected to be Q4; with price interventions taken in December and January 2025, financials are expected to improve going forward.
- →The company aims for steady growth, targeting around 15-16% overall with a focus on volume and value growth without compromising renewal persistency.
- →Continued focus on agency, Banca, corporate, and digital channels expected to support growth.
📈 Profitability & Margins
- →Star Health targets doubling its top line by FY28, aiming for around 18% growth annually from FY24 onwards.
- →Retail fresh business growth has been strong, with 22% growth in 9 months FY25 and 13% volume growth in Q3.
- →Price hikes across 65% of retail health portfolio (up to Jan 2025) are expected to positively impact loss ratios over the next 18-24 months.
- →Claims frequency and severity are a challenge, but consistent price increases and corrective underwriting measures aim to improve profitability.
- →Expense ratio is expected to improve gradually by 0.5-0.75% with scale benefits and "1/N" accounting normalization.
- →Investment income grew 15% over 9 months to Rs. 996 crore, supporting profitability.
- →PAT for 9 months FY25 was Rs. 645 crore with PBT of Rs. 862 crore; management aims to maintain positive PAT trajectory.
- →Solvency ratio is strong at 2.22x, supporting growth plans.
- →Overall, the company is focused on balanced growth, underwriting discipline, and improving combined ratios to enhance future earnings.
🏗️ Capital Expenditure Plans
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Star Health & Allied Insurance Company Ltd Q3 FY25 results?
The company is experiencing good growth in retail business with expansion in product and distribution profiles. Star Health targets doubling its top line by FY28, aiming for around 18% growth annually from FY24 onwards.
What is Star Health & Allied Insurance Company Ltd share price analysis?
Star Health & Allied Insurance Company Ltd currently shows a neutral. The stock trades at a P/E of 41.0 with a market cap of ₹34,614 Cr. Investors should review the full earnings analysis for detailed insights.
Is Star Health & Allied Insurance Company Ltd planning capital expenditure?
The transcript on page 17 and surrounding pages does not specifically mention any current or future capex, capital investment, or strategic investment plans by Star Health and Allied Insurance Company Ltd.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.
