Star Health Insurance Demonstrates Robust Profitability Surge with 414% Year-on-Year Growth in Q3 FY26

Star Health and Allied Insurance Company Ltd. has reported a significant financial performance for the third quarter of fiscal year 2026, showcasing a remarkable 414% year-on-year increase in profit under Indian Accounting Standards (Ind AS), reaching ₹449 crore. This substantial growth underscores the company's enhanced operational efficiency and strategic underwriting improvements. Concurrently, the combined ratio—a critical metric in the insurance sector indicating the sum of incurred losses and expenses as a percentage of earned premium—improved by 317 basis points to 98.9%. This improvement was primarily driven by a moderation in the loss ratio, reflecting effective claims management and risk assessment protocols. The results highlight Star Health's resilient business model amid evolving market dynamics, positioning it favorably within the competitive health insurance landscape. Analysts attribute this performance to disciplined pricing strategies, optimized portfolio management, and robust customer retention initiatives. The company's focus on leveraging technology for streamlined operations and data-driven decision-making has further contributed to this upward trajectory. As the health insurance sector continues to expand, Star Health's latest financial indicators suggest a strong foundation for sustained growth and market leadership.