Archive · 31 Jan 2026
Star Health Reports 414% YoY Profit Growth
Star Health, a big health insurance company in India, just shared its financial results for the third quarter of the fiscal year 2025-26.
They made a lot more profit compared to last year, with a 414% increase.
This growth came from more premiums, better management of claims, and improved efficiency.
They also shared that they are using more digital tools to help customers, like their app which has been downloaded over 13 million times.
The company's leader said they are focused on staying the best in health insurance and making sure customers have a good experience.
They also talked about their plans to support the national goal of 'Insurance for All' by 2047.
Niva Bupa, another health insurance company, also reported strong growth in premiums and retail business, driven by GST exemption on individual health insurance premiums.
However, they reported an operating loss due to accounting changes and new labour code costs.
Aster DM Healthcare, a healthcare company, reported a mixed performance with revenue growth but a decline in net profit due to one-time charges from the new Labour Codes.
Star Health reported a 414% Year-on-Year (YoY) growth in Profit After Tax (PAT) to ₹449 Crores for Q3 FY26.
Gross Written Premium (GWP) increased by 23% YoY to ₹5,047 Crores for Q3 FY26, with Retail GWP growing by 27% YoY.
The Combined Ratio improved by 317 basis points to 98.9%, driven by a reduction in Loss Ratio to 68.8% and Expense Ratio to 30.1%.
Star Health settled 1.36 million claims amounting to over ₹8,900 Crores during the first nine months of FY26, with a 99.2% persistency rate.
The company's digital initiatives, including their app 'Atom' and AI-enabled claims engine, have significantly enhanced customer experience and operational efficiency.
- Who
- Star Health and Allied Insurance Company Limited, Niva Bupa Health Insurance, Aster DM Healthcare
- What
- Reported financial results for Q3 FY26 with significant growth in profit and premiums, and mixed performance due to new labour code costs
- When
- January 30, 2026 (for Q3 FY26)
- Where
- Chennai, Tamil Nadu, India; India
- Why
- To announce financial performance and strategic updates, and to inform about the impact of new labour codes
Star Health
Niva Bupa
Profit Growth
Star Health
Star Health reported a 414% Year-on-Year (YoY) growth in Profit After Tax (PAT) to ₹449 Crores for Q3 FY26.
Niva Bupa
Niva Bupa reported an operating loss of ₹135.53 crore in Q3FY26, but showed a net profit of ₹77 crore under IFRS.
Gross Written Premium (GWP)
Star Health
Star Health's GWP increased by 23% YoY to ₹5,047 Crores for Q3 FY26.
Niva Bupa
Niva Bupa's GWP grew 55% YoY to ₹2,231 Crores, with a like-to-like growth of 31%.
Retail Growth
Star Health
Star Health's Retail GWP grew by 27% YoY.
Niva Bupa
Niva Bupa's retail business grew 43% YoY, driven by GST exemption on individual health insurance premiums.
- Profit After Tax (PAT)
- ₹449 Crores (Q3 FY26)
- Gross Written Premium (GWP)
- ₹5,047 Crores (Q3 FY26)
- Combined Ratio
- 98.9% (Q3 FY26)
- Loss Ratio
- 68.8% (Q3 FY26)
- Expense Ratio
- 30.1% (Q3 FY26)
- Claims Settled
- 1.36 Million (9M FY26)
- Digital Sales Contribution
- 20% (Fresh Retail)
- Customer App Downloads
- 13 Million+ (by December 2025)
- Average Ticket Size Increase
- 13% (Q3 FY26)
- Operating Loss
- ₹135.53 Crores (Q3 FY26)
- Net Profit (IFRS)
- ₹77 Crores (Q3 FY26)
- Expenses of Management (EoM) Ratio
- 36.3% (9MFY26)
Sources
Star Health reports 414% YoY Ind AS Profit growth to ₹449 Cr for Q3 FY26
Average ticket size of policies increased 13% in Q3FY26, backed by GST exemption, says Niva Bupa Executive Director
Aster DM Q3 profit dips despite double-digit revenue growth, hit by new labour code costs
