Star Health Q2/H1 FY27 Investor Presentation: GWP Up 19%, Retail Fresh GWP Up 36%
Star Health's H1 FY27 investor presentation shows GWP at ₹9,562 crore (+19% YoY) and Retail Fresh GWP at ₹1,630 crore (+36% YoY). The Underwriting Result improved to ₹210 crore from a loss of ₹24 crore. PAT rose 57% to ₹815 crore, with ROE at 16.3%. The company focuses on expanding its agency and digital distribution channels.
The presentation details significant financial growth, improved profitability metrics, and strategic business initiatives, which are material for investors and analysts in assessing the company's performance and future outlook.
The announcement shows strong year-on-year growth in key financial metrics like Gross Written Premium and Retail Fresh GWP, alongside a significant improvement in the Underwriting Result and Profit After Tax, indicating a positive financial performance.
Star Health and Allied Insurance Company Limited has released its investor presentation for the second quarter and first half of FY2027, covering the period ended September 30, 2026. The company reported a Gross Written Premium (GWP) of ₹9,562 crore on a 1/N basis, representing a 19% year-on-year increase. Retail Fresh GWP saw a significant surge of 36% YoY, reaching ₹1,630 crore.
The Combined Insurance Service Ratio (CISR) stood at 97.9% for H1 FY27, an improvement from 100.3% in H1 FY26. The Underwriting Result for H1 FY27 was ₹210 crore, a substantial turnaround from a loss of ₹24 crore in the prior year's comparable period. The company's Net Promoter Score (NPS) improved to 65 from 61.
Financially, for H1 FY27, Insurance Revenue grew by 15% YoY to ₹9,930 crore. Profit After Tax (PAT) increased by 57% to ₹815 crore, and Return on Equity (ROE) stood at 16.3% (annualised). Normalised PAT was ₹1,222 crore, with a Normalised ROE of 13.1% (annualised).
Star Health highlighted its strategic priorities including granular retail distribution via proprietary channels (Agency and Digital D2C), sustainable growth, core underwriting profitability, and customer centricity. The company emphasized its large agency force of 8.7 lakh agents and the fast-growing Digital D2C channel, which saw a 137% YoY growth in Retail Fresh GWP.
Technological advancements were also detailed, including AI-ML integration in claims processing, a unified data layer, and digital tools like the ATOM Pro app for agents and a customer app for enhanced engagement. The company's ESG initiatives and CSR activities were also presented, focusing on environmental impact, social contributions, and governance.
What to do with a filing like this
Star Health and Allied Insurance Company Limited filed this with the NSE as a statutory disclosure, categorised under investor presentation. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Star Health and Allied Insurance Company Limited. Read the original for the full detail.