BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Star Health and Allied Insurance Company Ltd.'s dominant market position potentially makes it a key beneficiary of India's growing health insurance sector.
FY23E performance (we expect reported profit after tax of Rs 6.3 billion including one-off employee stock ownership plan costs) will likely solidify expectations of Rs 10 billion PAT in FY24E.
New regulations of open architecture and expenses of management guidelines can further boost the company's position, which has significant moats in the form of distribution, hospital network tie-ups, and claim management track-record.
Additionally, as per the company, impact of price hike on NOP retention post the recent hike of ~25% in Family Health Optima premium, should be less than 3- 5% (also evident from past case studies). This should assuage investor concerns.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.