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31 Jul, EOD - Global

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BSE Code : 543412 | NSE Symbol : STARHEALTH | ISIN : INE575P01011 | Industry : Insurance |

Quarterly Results

Particulars (₹ Cr)	Jun 2024	Mar 2024	Dec 2023	Sep 2023
OPERATING RESULTS :
Gross premiums Written:	3475.92	4968.32	3605.81	3731.7
(a) First Year Premium	0.00	0.00	0.00	0.00
(b) Renewal Premium	0.00	0.00	0.00	0.00
(c) Single Premium	0.00	0.00	0.00	0.00
(d) Other Gross Premiums	3,475.92	4,968.32	3,605.81	3,731.70
Net premium written	3,170.17	4,570.01	3,151.88	3,544.63
Premium Earned(Net)	3,520.32	3,395.33	3,293.61	3,205.58
Income from investments (Net) (Insurance)	171.28	180.94	162.64	150.97
Other income (Insurance)	0.42	0.93	0.00	0.00
Foreign Exchange Gain/(Loss)	0.00	0.00	0.00	0.00
Investment income from Pool (Terrorism / Nuclear)	0.00	0.00	0.00	0.00
Miscellaneous Income	0.42	0.93	0.00	0.00
Transfer of fund from Shareholders' A/c	0.00	0.00	0.00	0.00
Total Income	3,692.02	3,577.20	3,456.25	3,356.55
Commission & Brokerage (net) :
(a) First Year Commission	0.00	0.00	0.00	0.00
(b) Renewal Commission	0.00	0.00	0.00	0.00
(c) Single Commission	0.00	0.00	0.00	0.00
(d) Other Commission	428.84	653.51	349.85	485.43
Net Commission	428.84	653.51	349.85	485.43
Operating Expenses related to insurance business (ab)	572.24	658.23	600.09	596.31
(a) Employees remuneration and welfare expenses	373.85	484.87	386.06	395.17
(c) Advertisements	54.83	42.53	54.99	49.97
(d) Business development expenses	0.00	0.00	0.00	0.00
(e) Other operating expenses·	143.56	130.83	159.04	151.17
Premium Deficiency	0.00	0.00	0.00	0.00
Incurred Claims: -	2,378.87	2,175.43	2,229.45	2,202.18
(a) Claims Paid / Benefit Paid	2,231.94	2,328.78	2,156.88	2,121.83
(b) Change in Outstanding Claims (Incl. IBNR/IBNER)	146.93	-153.35	72.57	80.35
(c) Changes in Actuarial Liabilities	0.00	0.00	0.00	0.00
Total Expense	3,379.95	3,487.17	3,179.39	3,283.92
Underwriting Profit/Loss	140.37	-91.84	114.22	-78.34
Provisions for doubtful debts (Including bad debts written off)	0.00	0.00	0.00	0.00
Provisions for diminution In value of investments	0.00	0.00	0.00	0.00
Provisions for goods and service tax / service tax charge on linked charges	0.00	0.00	0.00	0.00
Provision for tax	0.00	0.00	0.00	0.00
Total Expenses Including Provisions	3,379.95	3,487.17	3,179.39	3,283.92
Operating Profit/Loss:	312.07	90.03	276.86	72.63
Appropriations	312.07	90.03	276.86	72.63
(a) Transfer to Profit and Loss A/c	312.07	90.03	276.86	72.63
(b) Transfer to Reserves / Shareholders' A/c	0.00	0.00	0.00	0.00
(c) Fund for Future Appropriations	0.00	0.00	0.00	0.00
Detail of Surplus / Deficit :
(a) Interim Bonus Paid	0.00	0.00	0.00	0.00
(b) Terminal Bonus Paid	0.00	0.00	0.00	0.00
(c) Allocation of bonus to Policyholders	0.00	0.00	0.00	0.00
(d) Surplus Shown in the Revenue A/c	0.00	0.00	0.00	0.00
Total Surplus / Deficit	0.00	0.00	0.00	0.00
NON OPERATING RESULTS
Income in Shareholders' account (abc)	437.12	204.60	399.16	179.23
(a) Transfer from Policyholders' Fund	312.07	90.03	276.86	72.63
(b) Net Reinsurance Premium	0.00	0.00	0.00	0.00
(c)Total Income Under Shareholders' account (bc)	125.05	114.57	122.30	106.60
Income from investments	124.06	112.16	122.10	105.17
Other income	0.99	2.41	0.20	1.43
Expenses :
Reinsurance Claims Incurred	0.00	0.00	0.00	0.00
Expenses relating to reinsurance business & Change in reinsurare contract liabililles (net of reinsurance assets)	0.00	0.00	0.00	0.00
Expenses other than those related to insurance business	10.91	12.77	11.35	11.92
Transfer of fund to Policyholders' A/c	0.00	0.00	0.00	0.00
Provisions for doudtful debts (including bad debts written off)	0.04	2.10	0.14	0.19
Provisions for diminution in value of Investments / Amortisation of premium on investments	0.00	0.00	0.00	0.00
Total Expenses	10.95	14.87	11.49	12.11
Profit/Loss before Extraordinary items	426.17	189.73	387.67	167.12
Extraordinary Items before tax	0.00	0.00	0.00	0.00
Profit/(loss) before tax	426.17	189.73	387.67	167.12
Provisions for tax	107.24	47.41	98.12	41.82
Profit/(loss) after tax	318.93	142.32	289.55	125.30
Extraordinary Items	0.00	0.00	0.00	0.00
Net Profit	318.93	142.32	289.55	125.30
Dividend per share (Rs)	0.00	0.00	0.00	0.00
(a) Interim Dividend	0.00	0.00	0.00	0.00
(b) Final Dividend	0.00	0.00	0.00	0.00
Opening Balance and Appropriations from PAT (Net)	0.00	0.00	0.00	0.00
Profit/ (Loss) carried to Balance Sheet	318.93	142.32	289.55	125.30
Paid up equity share capital	585.47	585.28	585.11	584.27
Reserve & Surplus (excluding Revaluation Reserve)	6,078.02	5,756.34	5,610.36	5,309.87
Fair Value Change Account and Revaluation Reserve	197.86	103.57	134.51	98.23
Face Value	10.00	10.00	10.00	10.00
Total Assets:
(a) Investments:	9,801.93	15,490.88	14,449.95	14,020.01
- Shareholders' Fund	637.77	6,336.11	6,051.67	5,792.61
- Policyholders' Fund	9,164.16	9,154.77	8,398.28	8,227.40
- Assets held to cover linked liabilities	0.00	0.00	0.00	0.00
(b) Other Assets (Net of current liabilities and provisions)	-8,470.22	-8,575.69	-7,649.98	-7,557.65
Nominal Value Per Share	0.00	0.00	0.00	0.00
Analytical Ratios:
Solvency Ratio	2.29	2.21	2.23	2.13
Expenses of Management Ratio	32.15	29.79	31.31	30.15
Policyholder's Liabilities to Shareholder's fund	0.00	0.00	0.00	0.00
Incurred Claim Ratio	67.58	64.13	67.69	68.70
Net retention ratio	91.20	91.98	87.41	94.99
Combined ratio:	99.14	92.77	97.83	99.22
Adjusted Combined Ratio	0.00	0.00	0.00	0.00
Earnings per share (in Rs):
(a) Basic EPS	5.45	2.43	4.95	2.15
(b) Diluted EPS	5.45	2.39	4.86	2.10
NPA ratios:
a) Gross NPAs	0.00	0.00	0.00	0.00
b) Net NPAs	0.00	0.00	0.00	0.00
(%) Gross Non Performing Assets	0.00	0.00	0.00	0.00
(%) Net Non Performing Assets	0.00	0.00	0.00	0.00

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Star Health & Allied Insurance Company Ltd

Quarterly Results