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EquityWireEarnings Review: Star Health PAT halves in Q2, underwriting loss widens YoY
Earnings Review

Star Health PAT halves in Q2, underwriting loss widens YoY

This story was originally published at 20:05 IST on 28 October 2025
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Informist, Tuesday, Oct. 28, 2025

 

--Star Health Apr-Sept net premium earned INR 80.19 bln vs INR 72.24 bln year ago 
--Star Health Apr-Sept net profit INR 3.17 bln vs INR 4.30 bln year ago 
--Star Health Jul-Sept net premium earned INR 40.81 bln vs INR 37.04 bln 
--Star Health Jul-Sept net profit INR 549.0 mln vs INR 1.11 bln year ago 
--Analysts saw Star Health Jul-Sept net profit INR 878.25 mln 
--Star Health Jul-Sept net profit INR 549 mln 

 

By Krity Ambey

 

MUMBAI – Star Health and Allied Insurance Co. Ltd.'s net profit for the September quarter halved as expenses piled up. Even as the insurer's net premium income grew in the reporting quarter, its underwriting loss widened on year.

 

With a net profit of INR 549 million in the September quarter, down 51% on year, the insurer missed the Street view. Sequentially, Star Health's profit fell 79%. 

 

Shares of the insurer Tuesday ended at INR 494.65 on the National Stock Exchange, 1.5% higher from Monday's close. The company announced its results after market hours.

 

For the September quarter, while Star Health's net premium income grew 10% year on year to INR 40.81 billion, total expenditure also increased 10% to INR 42.85 billion because of a 26% jump in net commissions to INR 6.91 billion and a 17% increase in claims paid to INR 28.28 billion. As such, the underwriting loss, which is the difference between net premium earned and total expenses, increased to INR 2.04 billion in the September quarter from INR 1.95 billion in the corresponding quarter a year ago. The insurer had reported an underwriting profit of INR 717.20 million in the June quarter. 

 

For the first six months of the financial year, Star Health's net profit was down 26% at INR 3.17 billion, with net premium income 11% higher at INR 80.19 billion. The underwriting loss for the first half of the year was INR 1.32 billion, higher than INR 543 million in the corresponding period a year ago.  End

 

Edited by Akul Nishant Akhoury

 

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