Clipped from: https://www.thehindubusinessline.com/money-and-banking/star-health-insurance-q1-net-dips-17-at-262-crore/article69870557.ece
Star Health Insurance recorded a gross written premium (GWP) of ₹3,936 crore, a 13 per cent year-on-year growth
Anand Roy, MD and CEO, Star Health and Allied Insurance | Photo Credit: ASHOKE CHAKRABARTY
Star Health Insurance reported a 17 per cent dip in its net profit at ₹262.5 crore for the quarter ended June 2025 (Q1FY26). The standalone health insurer recorded a gross written premium (GWP) of ₹3,936 crore, a 13 per cent year-on-year growth (on 1/N basis), the company said in a statement. Retail GWP grew 18 per cent y-o-y, with fresh retail premia rising 25 per cent.
“We have started FY26 on a steady note, with encouraging growth across our core segments and visible gains from the structural changes we initiated over the past two years. During the quarter we stayed prudent in our risk selection, made critical pricing and underwriting changes and improved our claims service experience,” said Anand Roy, MD and CEO of Star Health and Allied Insurance.
The company, in its notes to the accounts, highlighted that in August 2024, it experienced a cybersecurity incident involving unauthorized access to certain data, and since then, it has focused on improving its cyber and information security systems. “There have been no legal proceedings initiated against the company,” it added, mentioning that in July 2025, IRDAI levied a penalty of ₹339 lakh which is provided for.
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Published on July 29, 2025
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