Star Health and Allied Insurance Company share price
NSE: STARHEALTHBSE: 543412InsuranceSmall Cap
Star Health and Allied Insurance Company Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Dec 2021 · Issue price ₹900
Last close ₹519.25down ₹27.50 (5.03%)BSE ₹519.25
Share price at the NSE close on 28 Oct 2026. Previous close ₹546.75.
28 Oct: open ₹554.00, high ₹559.55, low ₹502.60
52-week range of traded prices to 28 Oct 2026
₹416.55Low, 27 Jan 2026₹624.90High, 30 Jul 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹30,564 Cr273rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 29.00
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.03
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 14.4%
- SolvencySolvency ratio. The capital the insurer holds ÷ the capital the regulator requires it to hold, as the insurer states it; insurers write it in different ways, so it is read as the one multiple between 1 and 5 it can be, and not given outside that. At the end of Sep 2026. Solvency ratio in the glossary
- 2.05times the capital required
- Gross premiumGross premium. Premium on the policies sold and renewed in the period, before the part passed on to reinsurers: a general insurer's gross premiums written, a life insurer's gross premium income. For the year to Mar 2026. Gross premium in the glossary
- ₹18,622 Cr
- Combined ratioCombined ratio. Claims plus expenses as a percentage of premium, as the general insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told. For the year to Mar 2026. Combined ratio in the glossary
- 100.42%
- Claims ratioClaims ratio. Claims incurred as a percentage of premium earned, as the general insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the filing's own amounts show it written on another scale or rounded to the whole per cent. For the year to Mar 2026. Claims ratio in the glossary
- 68.54%
- Expense ratioExpense ratio. The costs of running the insurance business, commission included, as a percentage of premium, as the insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the filing's own amounts show it written on another scale or rounded to the whole per cent. For the year to Mar 2026. Expense ratio in the glossary
- 32.25%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 33,97,54761.1% delivered
About Star Health and Allied Insurance Company
Star Health and Allied Insurance Company is a standalone health insurer, one that sells health cover rather than the full range of general insurance, headquartered in Chennai.1 It offers health, personal accident and overseas travel insurance to individuals, corporate clients and small and medium enterprises in the Indian market and to Indian interests abroad.23 Alongside insurance, it offers telehealth consultations, second medical opinions and treatment at home for eligible customers.45
It was incorporated in Chennai on 6 Jun 2005, received approval from the Insurance Regulatory and Development Authority of India (IRDAI) on 16 Mar 2006 to underwrite health, personal accident and travel insurance, and began operations in 2006 as India's first standalone health insurance company.678 Its retail plans include Super Star, extended by the Star Flexi set of optional add-on covers, and products for cancer, diabetes and cardiac illness and for senior citizens, women and children.910 It also sells group health cover to employers, other groups and small and medium enterprises through banks, brokers, corporate intermediaries and digital platforms.11
Utpal Hemendra Sheth is one of its promoters, classified as such after the shares held by the late Rakesh Jhunjhunwala were transmitted.12
Star Health and Allied Insurance Company key points
Results
- In the half year to Sep 2026, gross written premium (premiums written, multi-year policies counted a year at a time) was ₹9,562 crore, up 19% from a year earlier.13
- Insurance revenue, as the company presents it (premium earned over the period of cover), was ₹5,074 crore in the quarter to Sep 2026, up 15% from ₹4,396 crore, and ₹9,930 crore in the half year, against ₹8,641 crore.14
- In the half year to Sep 2026, the underwriting result (insurance service result plus other income, net of finance and other expenses) was ₹210 crore against a ₹24 crore loss; the combined insurance service ratio (insurance costs over insurance revenue) was 97.9% against 100.3%.15
- Net profit rose 25% to ₹550 crore in the quarter to Jun 2026 and 16% to ₹911 crore in the year to Mar 2026. Annualised post-tax return on equity (profit over average net worth) was 16.3% in the half year to Sep 2026, against 11.6%.161718
Market position
- The company's share of India's retail health insurance market was 29% in the quarter to Jun 2026, against 31% a year earlier; it said this partly reflects multi-year policies and how they are reported.19
- At Sep 2026 the company had 8.7 lakh agents and says it has the largest agency force among standalone health insurers.20
Revenue mix
- Share of gross written premium by channel2122
Item half year to Sep 2026 Retail agency 85.3% Partnerships 7.1% Direct to customer (D2C) 5.2% Group 2.4% - In the year to Mar 2026, the share of small and medium enterprises in the company's group portfolio rose from 58% to 78%.23
- First-time buyers of insurance made up 93% of new business in the half year to Sep 2026, against 90% a year earlier.24
- On its earnings call of 30 Jul 2026, the company said multi-year policies were about 40% of new retail business and senior citizens under 5% of the overall book.2526
Where revenue comes from
- Areas outside the metro cities contributed more than 65% of new business in the half year to Sep 2026.27
Branches and reach
- The company had 924 branches at the end of Mar 2026, and its agents and its own website and app brought in 91% of new retail business in the year.28
- In its presentation of 27 Oct 2026, the company reported more than 17,000 network hospitals, where policyholders can be treated without paying upfront, and 83% of claims as cashless.29
- In its presentation of 27 Oct 2026, the company's customer app showed 17.0 million downloads and 1.5 million monthly active users.30
Claims and renewals
- The company paid 22.5 lakh claims in the half year to Sep 2026, and its retail claims settlement ratio (the share of retail claims it settled) was 92.4%.31
- The loss ratio (claims as a share of insurance revenue) was 68.6% in the half year to Sep 2026, against 70.8% a year earlier.32
- By the end of Sep 2026, 96% of claims were processed on its new claims platform, which uses AI to digitise documents, detect fraud, waste and abuse, and summarise claims.3334
- Persistency, a renewal measure the company calculates on premium, was 102% in the half year to Sep 2026, against 98% a year earlier.35
What the company expects
- On its earnings call of 30 Jul 2026, the company said it expects insurance revenue growth to reach 15% to 16% during the year to Mar 2027 and to keep rising in the year after.3637
- On its earnings call of 30 Jul 2026, the company said it expects technology and efficiency work to improve its expense ratio by 30 to 40 basis points (hundredths of a percentage point), consistently over the years.36
- On its earnings call of 30 Jul 2026, the company said its efforts are aimed at a return on equity in the mid to high teens.38
- The company stated in its annual report for the year to Mar 2026 that it plans to add around 15 more optional covers under Star Flexi during the year to Mar 2027.39
Recent events
- On 27 Oct 2026, the board approved moving Sthitaprajna Advisors LLP from the promoter group to public shareholders, subject to approvals; Utpal Hemendra Sheth had ceased to be its partner on 13 Aug 2026.4041
- On 28 Sep 2026, India Ratings affirmed the company's AA+ credit rating (an assessment of its ability to repay debt) with a stable outlook, and the AA rating on its subordinated debt (debt repaid only after other creditors).42
- On 16 Jun 2026, shareholders approved moving Ebono Private Limited and GS E-commerce Private Limited, which held no shares, from the promoter group to the public category.43
Last updated
All 43 sources, each with its page
- 1. Annual report, 31 Jul 2026, page 93
- 2. Annual report, 31 Jul 2026, page 165
- 3. Annual report, 31 Jul 2026, page 264
- 4. Annual report, 31 Jul 2026, page 8
- 5. Annual report, 31 Jul 2026, page 74
- 6. Annual report, 31 Jul 2026, page 145
- 7. Annual report, 31 Jul 2026, page 111
- 8. Exchange filing, 28 Apr 2026, page 3
- 9. Annual report, 31 Jul 2026, page 94
- 10. Exchange filing, 28 Apr 2026, page 3
- 11. Annual report, 31 Jul 2026, page 12
- 12. Exchange filing, 27 Oct 2026, page 2
- 13. Investor presentation, 27 Oct 2026, page 3
- 14. Investor presentation, 27 Oct 2026, page 7
- 15. Investor presentation, 27 Oct 2026, page 3
- 16. Earnings call, 30 Jul 2026, page 4
- 17. Exchange filing, 28 Apr 2026, page 2
- 18. Investor presentation, 27 Oct 2026, page 8
- 19. Earnings call, 30 Jul 2026, page 5
- 20. Investor presentation, 27 Oct 2026, page 11
- 21. Investor presentation, 27 Oct 2026, page 13
- 22. Investor presentation, 27 Oct 2026, page 13
- 23. Annual report, 31 Jul 2026, page 19
- 24. Investor presentation, 27 Oct 2026, page 11
- 25. Earnings call, 30 Jul 2026, page 15
- 26. Earnings call, 30 Jul 2026, page 16
- 27. Investor presentation, 27 Oct 2026, page 11
- 28. Annual report, 31 Jul 2026, page 20
- 29. Investor presentation, 27 Oct 2026, page 21
- 30. Investor presentation, 27 Oct 2026, page 20
- 31. Investor presentation, 27 Oct 2026, page 21
- 32. Investor presentation, 27 Oct 2026, page 7
- 33. Investor presentation, 27 Oct 2026, page 21
- 34. Earnings call, 30 Jul 2026, page 6
- 35. Investor presentation, 27 Oct 2026, page 3
- 36. Earnings call, 30 Jul 2026, page 8
- 37. Earnings call, 30 Jul 2026, page 12
- 38. Earnings call, 30 Jul 2026, page 11
- 39. Annual report, 31 Jul 2026, page 14
- 40. Exchange filing, 27 Oct 2026, page 1
- 41. Exchange filing, 27 Oct 2026, page 2
- 42. Exchange filing, 1 Oct 2026, page 1
- 43. Exchange filing, 18 Jun 2026, page 1
Results
Standalone; ₹ crore. Gross premium is what policyholders paid in the period, before the part passed on to reinsurers.Star Health and Allied Insurance Company quarterly results
- Gross premium growth, 12 monthsGross premium growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +97.7%
Quarter to Sep 2026, against the quarter before
- Gross premium
- –
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹265 Crdown 51.83%
Gross premium by quarter
Peak gross premium ₹5,968 Cr, quarter to Mar 2026; lowest ₹3,605 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross premium | 3,796 | 5,138 | 3,605 | 4,424 | 4,624 | 5,968 | – | – |
| Net profit | 215 | 1 | 263 | 55 | 128 | 111 | 550 | 265 |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- Gross premium
- ₹18,622 Cr
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹557 Crdown 13.76%
Gross premium by year
Peak gross premium ₹18,622 Cr, year to Mar 2026; lowest ₹11,463 Cr, year to Mar 2022
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 1 of the 4 years with results on record
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross premium | 11,463 | 12,952 | – | 16,781 | 18,622 |
| Net profit | −1,041 | 619 | – | 646 | 557 |
Standalone. Years to March. The latest is shaded. No results on record for the year to Mar 2024.
Business segments
Share of revenue, year to Mar 2026, standalone.Segment revenue and profit
- Health: retailHealth: retail, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹15,745 Crup 14.29%94.9%
- Health: groupHealth: group, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹852 Crdown 18.51%5.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.Star Health and Allied Insurance Company PE ratio and valuation
Price to earnings
At or below today's level on 0.2% of 527 trading days over the last 3 years.
LowestHighest
Its median45.23Industry median35.88
Price to book
At or below today's level on 30% of 1,088 trading days since Feb 2022.
LowestHighest
Its median4.81Industry median4.40
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +28.3% | −14.0% | +49.1% | 0.0% |
| 3 years | −4.1% | −4.0% | −0.1% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
85 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 47 of the 53 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 85 funds holding Star Health and Allied Insurance Company
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 18
- CutCut. Funds that held fewer shares than at the end of the month before.
- 35
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 27
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
 HDFC Mid Cap FundHDFC Mutual Fund | 2,06,03,336 | 1.08% | ₹1,101.6 Cr |
 SBI Balanced Advantage FundSBI Mutual Fund | 97,24,027 | 1.28% | ₹519.9 Cr |
| SBI Midcap FundSBI Mutual Fund | 63,15,774 | 1.45% | ₹337.7 Cr |
| SBI Banking & Financial Services FundSBI Mutual Fund | 33,24,592 | 1.71% | ₹177.7 Cr |
| HDFC ELSS - Tax Saver FundHDFC Mutual Fund | 30,00,000 | 1.07% | ₹160.4 Cr |
 Nippon India Banking & Financial Services FundNippon India Mutual Fund | 28,09,598 | 2.04% | ₹150.2 Cr |
| Nippon India Balanced Advantage FundNippon India Mutual Fund | 15,20,689 | 0.85% | ₹81.3 Cr |
 Tata Banking & Financial Services FundTata Mutual Fund | 12,84,000 | 2.25% | ₹68.6 Cr |
 JM Flexi Cap FundJM Financial Mutual Fund | 12,12,995 | 1.29% | ₹64.9 Cr |
 Bandhan Small Cap FundBandhan Mutual Fund | 11,92,180 | 0.18% | ₹63.7 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Star Health and Allied Insurance Company insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 6 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Star Health and Allied Insurance Company competitors and peers
Insurance, 13 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Star Health and Allied Insurance Company in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 ICICI Lombard General Insurance CompanyICICIGI | 79,129 | 30.97 | 4.40 | +14.3% | −8.8% | 15.2% | – | 0.88% |
 ICICI Life InsuranceICICILIFE | 59,791 | 33.98 | 4.09 | +15.2% | +34.0% | 12.9% | – | 0.40% |
 General Insurance Corporation of IndiaGICRE | 57,036 | 6.41 | 0.93 | +4.3% | +4.0% | 15.8% | – | 4.08% |
 Max Financial ServicesMFSL | 42,263 | – | 7.39 | +17.6% | – | – | 4.1% | 0.00% |
 The New India Assurance CompanyNIACL | 27,100 | 37.78 | 1.11 | +10.5% | −36.6% | 3.0% | – | 0.91% |
 Go Digit General InsuranceGODIGIT | 24,248 | 49.24 | 5.12 | +8.3% | +6.6% | 11.0% | – | 0.00% |
 Niva Bupa Health Insurance CompanyNIVABUPA | 13,462 | – | – | – | – | – | – | 0.00% |
 Canara HSBC Life Insurance CompanyCANHLIFE | 11,748 | 87.95 | 7.17 | – | – | 8.4% | – | 0.32% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.
Latest announcements
Routine notices left out.Star Health and Allied Insurance Company announcements
Oct 2026
28 Oct · Analysts
27 Oct · Results
16 Oct · Analysts
Star Health and Allied Insurance Company annual report, year to Mar 2026
Star Health and Allied Insurance Company share price by year
Each calendar year to 2025.Star Health and Allied Insurance Company share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 455.00 | −4.2% | 522.45 | 343.10 |
| 2024 | 474.95 | −11.2% | 637.75 | 456.65 |
| 2023 | 534.75 | −5.6% | 665.30 | 489.60 |
| 2022 | 566.30 | −28.1% | 858.60 | 473.95 |
| 2021 | 787.65 | – | 906.85 | 787.55 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 10 Dec 2021.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 540.00 | 549.00 | 531.05 | 546.75 | 545.67 | 1,44,679 | 54.4% |
| 26 Oct 2026 | 526.00 | 541.80 | 526.00 | 538.25 | 536.96 | 2,25,579 | 58.6% |
| 23 Oct 2026 | 543.40 | 543.40 | 525.20 | 530.35 | 530.22 | 2,70,778 | 58.7% |
| 22 Oct 2026 | 541.40 | 547.95 | 535.00 | 541.20 | 540.22 | 2,75,693 | 61.4% |
| 21 Oct 2026 | 549.45 | 549.85 | 535.65 | 541.95 | 540.44 | 2,77,498 | 65.2% |
| 19 Oct 2026 | 548.85 | 549.00 | 540.00 | 542.05 | 543.54 | 69,243 | 52.1% |
| 16 Oct 2026 | 547.80 | 550.50 | 542.35 | 548.85 | 547.48 | 1,67,533 | 63.0% |
| 15 Oct 2026 | 554.55 | 555.90 | 547.35 | 550.00 | 550.66 | 2,30,435 | 54.6% |
| 14 Oct 2026 | 553.00 | 559.70 | 550.70 | 554.05 | 554.16 | 1,51,072 | 60.0% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- STARHEALTH
- BSE code
- 543412
- ISIN
- INE575P01011
- Industry
- Insurance
- Website
- www.starhealth.in
- CIN
- L66010TN2005PLC056649
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2005
- Registered office
- No.1, New Tank Street, Valluvarkottam High Road, Nungambakkam, Chennai 600034, Tamil Nadu
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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