The standalone health insurer had posted a net profit of Rs 438 crore during the corresponding quarter of the previous financial year.
During the quarter, total income increased to Rs 4,471 crore from Rs 3,990 crore in the same period a year ago, Star Health and Allied Insurance Company said in a regulatory filing.
The private health insurance firm's gross written premium during the quarter rose 19 per cent to Rs 4,287 crore from Rs 3,605 crore in the year-ago period.
The insurer's underwriting profit surged to Rs 111 crore from Rs 16 crore in the corresponding quarter last year.
The insurer settled 9.6 lakh claims during the quarter, while its retail claims settlement ratio improved to 91 per cent.
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price