Star Health Reports 16% PAT Growth in FY26, Driven by Improved Operating Metrics

Star Health Reports 16% PAT Growth in FY26, Driven by Improved Operating Metrics​

Star Health and Allied Insurance Company Limited, India's largest standalone health insurer, announced strong performance results for the fiscal year 2025-26. The company posted a Profit After Tax (PAT) of ₹911 Crores, marking a 16% year-on-year (YoY) increase. The results point to robust growth and significant improvement across key operating metrics, including underwriting and loss ratios.

The financial performance for the year ended March 31, 2026, was supported by premium growth, enhanced customer renewal persistency, and improved overall operating efficiency.

Key Financial Highlights for FY26​

For the full year, Star Health reported Gross Written Premium (GWP) of ₹20,369 crores, reflecting a 16% YoY growth. Retail health premium contributed ₹19,341 crores, achieving a 20% YoY growth.

The company showed marked improvement in its underwriting results.


For the quarter ending March 31, 2026 (Q4 FY26), the GWP increased 17% YoY to ₹6,529 crores. The Ind AS Combined Ratio stood at 95.7%, demonstrating a further reduction from the 98.4% recorded in Q4 FY25.

Operational Strengths and Digital Adoption​

The company maintained strong customer trust and service delivery throughout the year. Star Health settled approximately 30 lakh claims valued at over ₹11,900 crores during FY26. Furthermore, renewal trends remained robust, achieving a 99% persistency. The company's level of customer satisfaction also saw a rise, with the Company level NPS improving from 54 in March 2025 to 62 in March 2026.

Digital channels emerged as a significant growth and operating lever. During FY26, the digital channel contributed about 20% of fresh retail sales. The distribution app 'Atom' increased its adoption among frontline partners, reaching over 1 lakh regular users. Operational efficiency was further enhanced by the AI-enabled claims processing engine, which helped scale automation, resulting in approximately 84% of claims being settled under the cashless mode. The Star Health customer app also saw strong usage, logging over 14 million downloads and maintaining more than 1.5 million monthly active users.

Distribution Network and Leadership Commentary​

Star Health continues to support its growth strategy through a robust multi-channel distribution network. As of March 31, 2026, the company operated 900+ offices, engaged over 8.3 lakh agents, maintained relationships with 15,000+ network hospitals, and employed over 18,500 personnel.

Commenting on the results, Mr. Anand Roy, CEO & Managing Director of Star Health and Allied Insurance Company Limited, stated, "FY26 has been a year of disciplined execution for Star Health. Our focus on prudent underwriting, operating efficiency, and retail health leadership has translated into stronger profitability and improved operating metrics. We have also continued to deepen digital adoption across the value chain to enhance customer experience and build long-term operating leverage. As we move ahead, we remain committed to sustainable growth, innovation-led service delivery, and making quality health insurance more accessible across India."

STARHEALTH Stock Price Movement​

Today, Star Health and Allied Insurance Company Limited shares edged higher to close at ₹517.30, gaining 0.15% for the day. The stock saw robust participation, settling on a total traded volume of 256,823 shares.