Star Health Insurance shares down nearly 60% from IPO price; profit nearly wiped out in Q4 Health Insurance Sahi Hai %

Star Health Insurance shares down nearly 60% from IPO price; profit nearly wiped out in Q4

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).

With the post-earnings fall, shares of Star Health Insurance have further extended their losses from its IPO price. Share of … Continue reading Star Health Insurance shares down nearly 60% from IPO price; profit nearly wiped out in Q4