Star Health and Allied Insurance reported a 44% year-on-year increase in normalised profit after tax to ₹386 crore for the first quarter of fiscal 2027.
The results, released on July 30, highlight a significant turnaround in the company's core insurance operations, driven by a sharp expansion in underwriting profitability.
The most notable metric in the report is the surge in underwriting profit, which rose to ₹111 crore from just ₹16 crore in the same period last year.
This nearly sevenfold increase suggests that Star Health has successfully improved its loss ratios and pricing discipline, moving away from a reliance on investment income to sustain profitability.
For investors, this shift indicates a more sustainable business model as the company navigates a highly competitive domestic market.
The strong performance comes as other Indian firms also report robust first-quarter results for FY27.