The largest stand-alone health insurance provider, Star Health and Allied Insurance Company Ltd, on Tuesday (January 30) reported a 37.6% year-on-year (YoY) jump in net profit at ₹289.6 crore for the third quarter that ended December 31, 2023.
In the corresponding quarter last year, Star Health and Allied Insurance posted a net profit of ₹210.5 crore, the company said in a regulatory filing.
Gross written premium of the company during the third quarter rose by 16.4% to ₹3,605.8 crore compared to ₹3,096.7 crore a year ago. The net premium earned by the company during the December quarter was up 7.1% to ₹3,151.9 crore against ₹2,943.4 crore in the same period a year ago, Star Health and Allied Insurance said.
The results came after the close of the market hours. Shares of Star Health and Allied Insurance Company Ltd ended at ₹565.45, up by ₹7.40, or 1.33%, on the BSE.
(Edited by : Shoma Bhattacharjee)
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