Star Health and Allied Insurance reports 232% profit surge at Rs 264.4 crore
Star Health and Allied Insurance achieved a net profit of ₹264.4 crore for the September quarter of FY27. This profit reflects a 232% increase from ₹79.6 crore reported in the same quarter last year. The companys claims ratio improved to 69%, showing a reduced claims burden compared to previous periods. For the first half of FY27, the insurer recorded a net profit of ₹814.6 crore. This figure exceeds the ₹517.
Mumbai: Star Health and Allied Insurance reported a net profit of ₹264.4 crore for the September quarter of FY27, up 232% from ₹79.6 crore in the corresponding quarter last year.Read more: Jio’s big-bang listing may give it stock market’s No.2 crown after Reliance IndustriesThe insurer's claims ratio improved to 69% in the September quarter from 71.5% a year earlier, indicating a lower claims burden relative to the relevant premium base.Read more: Vedanta Iron Q2 Results: Loss narrows to Rs 324 crore, revenue declines 2% YoYFor the first half of FY27, Star Health reported a net profit of ₹814.6 crore, compared with ₹517.8 crore in the year-ago period.(You can now subscribe to our ETMarkets WhatsApp channel)
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