Star Health: normalised profit up 70% in Q2 FY27 as underwriting turns positive
Star Health's normalised profit after tax rose 70% to ₹390 crore in the July–September quarter, and its underwriting result swung into profit.
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what happened
India's largest standalone health insurer, Star Health and Allied Insurance, reported results for the quarter and half-year ended September 30, 2026. As reported by TradingView, normalised profit after tax in the second quarter of FY27 reached ₹390 crore, up 70% from a year earlier. The underwriting result moved from a loss of ₹40 crore to a profit of ₹99 crore, and for the first half it already exceeded the full-year FY26 figure.
Gross written premium rose 19% year on year to ₹5,275 crore, while retail health fresh premium grew 35%. Reported profit after tax was ₹265 crore against ₹80 crore a year earlier. The combined insurance service ratio improved to 98.0% from 100.9%. The company said this was the fifth successive quarter of underwriting improvement.
why it matters
For markets, the key point is the insurer's move from losses to profit while sales keep growing. The normalised figure assumes an 8% annual investment yield, so it is less exposed to swings in the portfolio's market value. This points to a recovery in margins rather than a one-off gain.
market impact
Star Health shares: strong profit growth and an underwriting turnaround support the stock
- Star Health shares pressure up — strong profit growth and underwriting improvement support interest in the stock
tags
instruments
sources
- Star Health reports Normalised PAT of ₹390 Crores in Q2 FY27, up 70% YoY, fifth successive quarter of underwriting profit improvement — TradingView, 29 October 2026 at 19:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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