General information about company |
|
| Scrip code | 543412 |
| NSE Symbol | STARHEALTH |
| MSEI Symbol | NOTLISTED |
| ISIN | INE575P01011 |
| Name of company | Star Health And Allied Insurance Company Limited |
| Class Of Security | Equity |
|---|---|
| Type Of Insurance | Non-Linked Policy |
| Date of start of financial year | 01-Apr-2024 |
| Date of end of financial year | 31-Mar-2025 |
| Date of board meeting when results were approved | 28-Jan-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 08-Jan-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited | Unaudited |
| Start date and time of board meeting | 28-Jan-2025 11:30 |
| End date and time of board meeting | 28-Jan-2025 17:55 |
| Whether cash flow statement is applicable on company | No |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| OPERATING RESULTS | |||
| 1 | Operating income | ||
| (i) | Gross Premiums Written | 379612.00 | 1164335.00 |
| (ii) | Net Premium written | 356044.00 | 1070565.00 |
| (iii) | Premium Earned (Net) | 379968.00 | 1102388.00 |
| (iv) | Income from investments (net) | 19995.00 | 57963.00 |
| (v) | Other income | ||
| i | (a) Other Income | 0.00 | 0.00 |
| ii | (b) Contribution from Shareholders' Account | 0.00 | 0.00 |
| iii | (ii) Towards remuneration of MD/CEO/WTD/Other KMPs SH | 58.50 | 295.00 |
| iv | (iii) Foreign Exchange gain / (loss) | 95.50 | 94.00 |
| Total other income | 154.00 | 389.00 | |
| (vi) | Total income | 400117.00 | 1160740.00 |
| 2 | Operating expenses | ||
| (i) | Commissions & Brokerage (net) | 50324.00 | 148094.00 |
| (ii) | Net commission | 50324.00 | 148094.00 |
| (iii) | Operating Expenses related to insurance business | ||
| (a) | Employees remuneration and welfare expenses | 40890.00 | 123475.00 |
| (b) | Other operating expenses | ||
| i | Advertisement and publicity | 5762.00 | 15787.00 |
| ii | Other expenses | 16440.00 | 46438.00 |
| Total other operating expenses | 22202.00 | 62225.00 | |
| (c) | Total operating expenses related to insurance business | 63092.00 | 185700.00 |
| (iv) | Premium Deficiency | 0.00 | 0.00 |
| (v) | Incurred Claims | ||
| (a) | Claims Paid | 256486.00 | 719907.00 |
| (b) | Change in Outstanding Claims (incl. IBNR/IBNER) | 14964.00 | 59019.00 |
| Total Incurred claims | 271450.00 | 778926.00 | |
| (vi) | Total Expense | 384866.00 | 1112720.00 |
| (vii) | Underwriting Profit(Loss) | -4898.00 | -10332.00 |
| (viii) | Provisions for doubtful debts (including bad debts written off) | 0.00 | 0.00 |
| (ix) | Provisions for diminution in value of investments | 0.00 | 0.00 |
| (x) | Operating Profit/loss: | 15251.00 | 48020.00 |
| (xi) | Appropriations | ||
| (a) | Transfer to Profit and Loss A/c | 15251.00 | 48020.00 |
| (b) | Transfer to reserves | 0.00 | 0.00 |
| NON-OPERATING RESULTS | |||
| 1 | Income in shareholders' account | ||
| (a) | Transfer from Policyholders' Fund | 15251.00 | 48020.00 |
| (b) | Income from investments | 14632.00 | 41647.00 |
| (c) | Other income | ||
| i | Other income | 10.00 | 140.00 |
| Total other income | 10.00 | 140.00 | |
| Total income | 29893.00 | 89807.00 | |
| 2 | Expenses | ||
| (i) | Expenses other than those related to insurance business | 1197.00 | 3610.00 |
| (ii) | Provisions for doubtful debts (including bad debts written off) | 0.00 | 6.00 |
| (iii) | Provisions for diminution in value of investments | 0.00 | 0.00 |
| Total Expense | 1197.00 | 3616.00 | |
| 3 | Profit / Loss before extraordinary items |
28696.00 | 86191.00 |
| 4 | Extraordinary Items |
0.00 | 0.00 |
| 5 | Profit/ (loss) before tax |
28696.00 | 86191.00 |
| 6 | Provision for tax |
7182.00 | 21656.00 |
| 7 | Profit / (loss) after tax |
21514.00 | 64535.00 |
| 8 | Divident per share | ||
| (a) | Interim Dividend | 0.00 | 0.00 |
| (b) | Final dividend | 0.00 | 0.00 |
| 9 | Opening Balance and Approproations from PAT (Net) | 14361.00 | -28660.00 |
| 10 | Profit (loss) carried to balance sheet | 21514.00 | 64535.00 |
| 11 | Paid up equity capital | 58768.00 | 58768.00 |
| 12 | Reserve and Surplus (Excluding Revualuation Reserve) | 643389.00 | 643389.00 |
| 13 | Fair value change account and revaluation reserve | 5504.00 | 5504.00 |
| 14 | Assets | ||
| (a) | Investments | ||
| (i) | Shareholders' Fund | 696819.00 | 696819.00 |
| (ii) | Policyholders' Fund | 969818.00 | 969818.00 |
| Total investments | 1666637.00 | 1666637.00 | |
| (b) | Other Assets (Net of current liabilites and provisions) | -911977.00 | -911977.00 |
| Total assets | 754660.00 | 754660.00 | |
| Analytical Ratios | |||
| (i) | Solvency ratio | 0.02 | 0.02 |
| (ii) | Expenses of management ratio | 0 | 0 |
| (iii) | Incurred Claim Ratio | 0.01 | 0.01 |
| (iv) | Net retention ratio | 0.01 | 0.01 |
| (v) | Combined ratio | 0.01 | 0.01 |
| (vi) | Earning per share | ||
| (a) | Basic and diluated EPS before extraordinary items (net of tax expense) for the period (not to be annualized) | 3.66 | 11.01 |
| (b) | Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) | 3.62 | 10.85 |
| (vii) | NPA ratios | ||
| (a) | Gross NPAs | 0.00 | 0.00 |
| (c) | Net NPAs | 0.00 | 0.00 |
| (b) | Percentage of Gross NPAs | 0 | 0 |
| (d) | Percentage of net NPAs | 0 | 0 |
| (viii) | Yield on Investments | ||
| (a) | Without unrealized gains | 0.02 | 0.06 |
| (b) | With unrealised gains | 0.02 | 0.06 |
| (ix) | Public shareholding (in case of public sector insurance companies) | ||
| (a) | Number of shares | 248689335 | 248689335 |
| (b) | Percentage of shareholding | 0 | 0 |
| (c) | Percentage of government holding | 0 | 0 |
| Investor Compliants | |||
| (i) | No of investor complaints pending at the beginning of the period | 0 | 0 |
| (ii) | No of investor complaints during the period | 1 | 1 |
| (iii) | No of investor complaints disposed off during the period | 0 | 0 |
| (iv) | No of investor complaints remaining unresolved at the end of the period | 1 | 1 |
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Income | |||
| 1 | Fire | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 2 | Marine | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 3 | Health including personal accident | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 4 | Health retail | ||
| (i) | Net premium | 352996.00 | 1025184.00 |
| (ii) | Income form investments | 18820.00 | 53234.00 |
| (iii) | Other income | 0.00 | 0.00 |
| 5 | Health group | ||
| (i) | Net premium | 26972.00 | 77204.00 |
| (ii) | Income form investments | 1175.00 | 4730.00 |
| (iii) | Other income | 0.00 | 0.00 |
| 6 | Health government schemes | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 7 | Motor | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 8 | Retail | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 9 | Group and corporate | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| 11 | Unallocated | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income |
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Premium Deficiency | |||
| 1 | Fire | ||
| 2 | Marine | ||
| 3 | Health including personal accident | ||
| 4 | Health Retail | 0.00 | 0.00 |
| 5 | Health Group | 0.00 | 0.00 |
| 6 | Health Government Schemes | ||
| 7 | Motor | ||
| 8 | Retail | ||
| 9 | Group And Corporate | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Underwriting Profit/Loss | |||
| 1 | Fire | ||
| 2 | Marine | ||
| 3 | Health including personal accident | ||
| 4 | Health Retail | -4610.00 | -9489.00 |
| 5 | Health Group | -288.00 | -843.00 |
| 6 | Health Government Schemes | ||
| 7 | Motor | ||
| 8 | Retail | ||
| 9 | Group And Corporate | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Operating Profit/Loss | |||
| 1 | Fire | ||
| 2 | Marine | ||
| 3 | Health including personal accident | ||
| 4 | Health Retail | 14354.00 | 44102.00 |
| 5 | Health Group | 896.00 | 3918.00 |
| 6 | Health Government Schemes | ||
| 7 | Motor | ||
| 8 | Retail | ||
| 9 | Group And Corporate | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | ||
| Date of start of reporting period | 01-Oct-2024 | ||
| Date of end of reporting period | 31-Dec-2024 | ||
| Whether accounts are audited or unaudited | Unaudited | ||
| Segment Technical Liabilities (Unexpired Risk Reserve-Net) | |||
| 1 | Fire | ||
| 2 | Marine | ||
| 3 | Health including personal accident | ||
| 4 | Health Retail | 737726.00 | |
| 5 | Health Group | 66450.00 | |
| 6 | Health Government Schemes | ||
| 7 | Motor | ||
| 8 | Retail | ||
| 9 | Group And Corporate | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | ||
| Date of start of reporting period | 01-Oct-2024 | ||
| Date of end of reporting period | 31-Dec-2024 | ||
| Whether accounts are audited or unaudited | Unaudited | ||
| Segment Technical Liabilities (Unexpired Claims Reserves Including IBNR & IIBNER) | |||
| 1 | Fire | ||
| 2 | Marine | ||
| 3 | Health including personal accident | ||
| 4 | Health Retail | 131431.00 | |
| 5 | Health Group | 18328.00 | |
| 6 | Health Government Schemes | ||
| 7 | Motor | ||
| 8 | Retail | ||
| 9 | Group And Corporate | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 11 | Unallocated | ||