Star Health's claims ratio continues to remain elevated owing to higher claims and rising medical inflation.
NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Star Health and Allied Insurance Company Ltd.'s net earned premium grew 15% YoY to Rs 38 billion (in line). For 9M FY25, the net earned premium grew 16% YoY.
The claims ratio at 71.4% (versus our estimate of 71.0%) rose 370 bp YoY, led by a 22% YoY rise in net claims incurred to Rs 27 billion (in line). Operating expenses were in line, with the expense ratio (incl. commission ratio) at 31.9%.
Elevated loss ratio and commission ratio led to a 550 bp YoY surge in the combined ratio to 103.3% (versus our estimate of 102.4%) in Q3 FY25. Adjusted for 1/n implementation, however, the ratios were in line.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
