Star Health Insurance — Financial Performance
Star Health and Allied Insurance's combined ratio was 100.0% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.
Quarterly financial ratios — Q1 FY25-26 to Q1 FY26-27
| Metric | Q1 FY26-27 | Q4 FY25-26 | Q3 FY25-26 | Q2 FY25-26 | Q1 FY25-26 |
|---|---|---|---|---|---|
| incurred claims ratio | 68.0%−1.5 pts | 64.8%−4.4 pts | 68.6%−2.9 pts | 71.5%−1.3 pts | 69.6%+2.0 pts |
| net commission ratio | 14.7%−0.0 pts | 14.2%−1.6 pts | 15.6%+1.5 pts | 16.3%+2.5 pts | 14.7%+1.2 pts |
| expense ratio to gross premium | 31.9%−0.9 pts | 30.4% | 34.0% | 32.6% | 32.9% |
| combined ratio | 100.0%−2.1 pts | 94.7%−4.5 pts | 102.1%−1.2 pts | 103.8%+0.8 pts | 102.2%+3.0 pts |
| solvency ratio | 2.09×−0.13× | 2.05×−0.16× | 2.14×−0.08× | 2.15×−0.09× | 2.22×−0.07× |
| profit before tax | ₹469 crore+33.3% | ₹151 crore+17480.5% | ₹173 crore−39.6% | ₹78 crore−47.8% | ₹352 crore−17.4% |
| profit after tax | ₹349 crore+33.0% | ₹111 crore+21731.4% | ₹128 crore−40.4% | ₹55 crore−50.7% | ₹263 crore−17.7% |
The small figure under each number is the change from the same quarter a year earlier — in percentage points for ratios, as a percentage change for profit before/after tax. Shown only where this insurer has a filing from exactly that quarter a year ago; no figure means that comparison isn't available, not that nothing changed.
Expense ratio shown on a gross-direct-premium basis (GDP), per IRDAI's 2021 reform — not directly comparable to an insurer's net-written-premium (NWP) basis figure if quoted elsewhere. "Not disclosed" means this insurer's filing for that quarter didn't include this figure — not an estimate.
Full-year financial ratios
These are the insurer's own full-year figures, as filed with IRDAI for the whole fiscal year — not the same as adding up four quarters, since each quarter's own number above is a standalone snapshot for that quarter alone.
| Metric | FY25-26 |
|---|---|
| incurred claims ratio | 68.5% |
| net commission ratio | 15.2% |
| expense ratio to gross premium | 32.3% |
| combined ratio | 100.4% |
| profit before tax | ₹754 crore |
| profit after tax | ₹557 crore |
Provenance (combined ratio, latest quarter)
- Reported by
- Star Health Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- 2026-2027_Q1_PD_FY_27_Q1_V2_6aad7ae1f8.pdf · Star Health Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-26
- Note
- NL-20 row-format label match: combined_ratio