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 company’s claims ratio improved to 69%, sho...
By ET Bureau |
ANI
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.
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The 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.
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For 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.
Read more: Jio’s big-bang listing may give it stock market’s No.2 crown after Reliance Industries
The 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% YoY
For 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.
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