Star Health Insurance reported a 40% decline in net profit to ₹128 crore for Q3FY26, despite gross written premiums rising 22% year-on-year to ₹4,624 crore. Under Ind AS accounting, the insurer posted a Profit After Tax of ₹449 crore, up 414% YoY.
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ANI
Star Health Insurance reported a 40 per cent dip in its net profit at ₹128 crore for the quarter ended December 2025 (Q3FY26), as per financial statements filed with the exchanges. The standalone health insurer recorded a gross written premium (GWP) of ₹4,624 crore, up 22 per cent year on year.
Strong PAT Growth
In a statement, the company said that under Ind AS Accounting (Indian Accounting Standards, a framework for financial reporting), it posted a Profit After Tax (PAT) of ₹449 crore, a 414% YoY growth. The GWP on N basis (Net basis, which excludes reinsurance ceded) stood at ₹5,047 crore, a 23% YoY growth.
Claims Settlement
Star Health said it has settled 1.36 million claims amounting to ₹8,900+ crore during 9M FY26. “Renewal trends were robust during 9M FY26 with 99.2% Persistency,” it said.
“Star Health remains focused on maintaining leadership in retail health and our actions towards portfolio recalibration, disciplined underwriting, prudent expense management, and technology-led delivery are translating into a stronger operating profile,” Anand Roy, CEO & Managing Director, Star Health and Allied Insurance Company Limited, said.
Healthy Investment Yield
He added that alongside the firm’s operating drivers, it has also reported a healthy investment yield of 9.6 per cent. “We are encouraged by the growth-supportive macro and policy environment and are committed towards actualising 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 per cent from the previous day.
Published on January 29, 2026
