With the post-earnings fall, shares of Star Health Insurance have further extended their losses from its IPO price.
Share of Star Health , India’s largest standalone health insurer, fell as much as 4% on Wednesday, April 30, after it reported a sharp 99.7% drop in its net profit for the fourth quarter of FY25, weighed down by rising claims and underwriting losses.
The company posted a net profit of ₹0.5 crore for the quarter ended March 31, 2025, down from ₹142.3 crore in the same period last year. Net earned premiums for Q4 rose 11.9% year-on-year to ₹3,798.3 crore, compared to ₹3,395.3 crore in Q4 FY24.
However, the company reported a substantial underwriting loss of ₹275.2 crore, a significant increase from the ₹91.8 crore loss in the corresponding quarter of the previous year. Despite this, operating profit remained stable, at ₹86.9 crore, slightly down from ₹90 crore a year ago.
For the full fiscal year FY25, the company reported Gross Written Premium (GWP) of ₹16,781 crore, marking a 10% growth from the previous year. Profit after tax (PAT) for FY25 stood at ₹787 crore (IFRS).