Star Health & Allied Insurance ’s September quarter showed signs of operating recovery after loss ratios eased and premium momentum held, prompting Jefferies to keep a Buy call on the stock. They believe that a sustained premium growth and a cleaner claims cycle can support earnings recovery and multiple re-rating.

Jefferies said the underwriting performance notably a 130 basis-point year-on-year improvement in loss ratio to 71.5% was the main positive, while like-for-like combined ratio (excluding 1/n accounting) improved to 101.8%, broadly in line with expectations.

Jefferies on Star Health: Profit impacted by upfront costs

Jefferies reported that Star Health ’s reported profit for the quarter was Rs 54.9 crore, lower than about Rs 109.4 crore a year earlier, as the company front-

See Full Page