India's Star Health and Allied Insurance jumps on sharply higher profit, claims ratio improvement

Star Health and Allied Insurance

29/04/2026 07:35

** Shares of India's Star Health and Allied Insurance STAU.NS jump 5.28% to 544.45 rupees

** Health insurance co posts profit of 1.11 billion rupees ($11.7 million) in Q4, up from 5.1 million rupees a year earlier

** Citi ("buy"; TP:665 rupees) says co's claims ratio improvement is driven by better pricing and business mix, while new business growth is expected to continue, though at a slower pace

** Adds current growth momentum expected to continue, but likely to ease from post-September 2025 peaks

** Investec ("buy"; TP: 535 rupees) expects combined ratio improvement to continue in FY27 on stronger growth, lower loss ratios and calibrated price hikes to offset medical inflation

** STAU rated "buy" on avg; median TP 525 rupees - LSEG data

** YTD stock up 13.69%

($1 = 94.7800 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))