Star Health Q4 Review - Promising Outlook Going Ahead: ICICI Direct

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Star Health and Allied Insurance Company Ltd. reported a good set of numbers on the business growth front as gross written premium was up 36.4% QoQ and 13.1% YoY to Rs 3689 crore. Growth in net written premium on a yearly basis was higher than gross figures at 32.6% YoY to Rs 3473 crore, as lesser premium was ceded with re-insurers, while sequentially net written premium was up 35.9%.Earned premiums also showed healthy growth of approx. four times to Rs 2621 crore but sequentially it showed modest growth of 3.7% as higher chunk of policies may have been written during end of the quarter.Retail health business showed a strong traction of 51.3% YoY and 27.2% QoQ (data taken from general insurance council), this segment now forms ~93% of total premium. Group health business declined 18% YoY as Star Health exits some loss making large corporate business..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Star Health Q4 Review - Promising Outlook Going Ahead: ICICI Direct

Star Health Q4 Review - Promising Outlook Going Ahead: ICICI Direct

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