star health share price :
Star Health recorded a 38% increase in post-tax profit, reaching ₹290 crore for the quarter ending December 30, 2023. This marks a notable growth compared to the ₹210 crore in post-tax profit reported during the same period the previous year. Star Health share price stood at Rs 578 per share as on Tuesday.
The operating profit saw a rise to ₹277 crore from ₹241 crore. However, the underwriting profit for Q3 in this fiscal period decreased to ₹114 crore, compared to ₹125 crore in the December 2022 quarter. The total income for the period amounted to ₹3,456 crore, showing an increase from ₹2,983 crore.
health insurer’s margin :
The standalone health insurer headquartered in Chennai witnessed a 16% growth in its gross written premium (GWP), reaching ₹3,606 crore in comparison to ₹3,097 crore in Q3 of FY23.
The retail health premium, totaling ₹3,106 crore, experienced a 16% increase compared to the corresponding period in the previous fiscal. Within the retail health segment, the operating profit reached Rs 257 crore, up from Rs 224 crore.
The solvency ratio demonstrated an increase from 2.17 in Q3 of FY23 to 2.23. It’s noteworthy that the minimum regulatory requirement is 1.50.
The combined ratio, which encompasses total management expenses and claims, was at 97.83%, showing a rise from 94.81% in the same period.