Star Health & Allied Insurance Company Ltd
About
Star Health and Allied Insurance provides health policies with a quick claim settlement record. It is India’s first stand-alone health insurance company that provides health insurance policies for personal accidents and overseas travel. Star’s policies generally cover hospitalisations, as well as pre- and post-hospitalisation expenses. Domiciliary hospitalisation, daycare expenses, road traffic accidents, organ donor expenses, and health check-ups are also included in its policies. Star has been associated with more than 17 crore lives since it started through the 14,000+ hospitals that it is connected with. The company has more than 850 branch offices across India that ensure it maintains its record of speedy final approvals for policy claims.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 14026 15.9% | 12102 14.1% | 10610 110.1% | 5051 1.3% | 4987 32.1% | 3775 30.7% | 2888 43.5% | 2012 26.1% | 1595 49.2% | 1069 - |
| Net Operating Income (INR Cr) | 14022 15.92% | 12096 14.09% | 10602 109.93% | 5050 5.34% | 4987 31.67% | 3775 26.09% | 2888 43.51% | 2012 26.14% | 1595 49.19% | 1069 0.00% |
| Profit (INR Cr) | 845 36.6% | 619 - | -1041 - | -1086 - | 268 109.0% | 128 -24.6% | 170 44.3% | 118 -13.7% | 137 - | -140 - |
| Assets (INR Cr) | 6915 16.7% | 5927 10.8% | 5351 43.0% | 3742 97.3% | 1897 28.3% | 1478 22.2% | 1210 53.2% | 789 119.2% | 360 153.8% | 142 - |
| Net Worth (INR Cr) | 6384 17.3% | 5443 17.8% | 4620 32.2% | 3495 112.6% | 1644 33.8% | 1228 28.0% | 960 21.6% | 789 119.2% | 360 153.9% | 142 0.0% |
| Employee Cost (INR Cr) | 1612 10.9% | 1454 8.2% | 1344 14.2% | 1177 37.8% | 854 18.2% | 722 14.8% | 629 39.2% | 452 22.9% | 368 37.7% | 267 - |
| Interest Cost (INR Cr) | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 3 | 2 | 1 |
| Cash & Bank Balance (INR Cr) | 445 | 309 | 564 | 1879 | 611 | 893 | 502 | 331 | 272 | 328 |
| Total Debt (INR Cr) | 470 | 470 | 720 | 250 | 250 | 250 | 250 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.0% | 5.1% | - | - | 5.4% | 3.4% | 5.9% | 5.9% | 8.6% | - |
| Profit As % Of Assets | 12.2% | 10.4% | - | - | 14.1% | 8.7% | 14.1% | 14.9% | 37.9% | - |
| Profit As % Of Networth | 13.2% | 11.4% | - | - | 16.3% | 10.4% | 17.7% | 14.9% | 37.9% | - |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - |
| RONW | 12.8% | 11.1% | - | - | 17.7% | 10.6% | 16.5% | 13.5% | 31.7% | - |
| ROCE | 15.8% | 13.3% | 0.0% | 0.0% | 23.4% | 12.5% | 16.6% | 13.8% | 32.3% | 0.0% |