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India’s Health Insurance Specialist, Star Health and Allied Insurance Co. Ltd., is proud to announce that the organization has been officially certified the ISO:27001 certification for its Information Security Management System (ISMS) and the ISO:22301 certification for its Business Continuity Management System (BCMS). These certifications are internationally recognized standards that endorse Star Health’s commitment to protecting its customers' sensi...
Star Health Insurance awarded ISO Certifications for its Information Security and Business Continuity Management Systems
Standalone health insurer Star Health and Allied Insurance Company Ltd closed FY23 with a net profit of Rs 618.5 crore. In a regulatory filing, the company said it had closed FY23 with a gross premium of about Rs 12,952 crore (FY22 Rs 11,463 crore) and a net profit of Rs 618.5 crore (a net loss of Rs 1,040 crore). The company board, at its meeting, also appointed Anand Roy as the Managing Director and CEO and V.Jagannathan as the Non-Executive Chairman. "I am happy to announce t...
Star Health announces FY23 net at Rs 618 crore, change of guard in company
Star Health and Allied Insurance Company is currently trading at Rs. 584.45, up by 16.85 points or 2.97% from its previous closing of Rs. 567.60 on the BSE. The scrip opened at Rs. 584.85 and has touched a high and low of Rs. 587.25 and Rs. 574.30 respectively. So far 17683 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 780.00 on 06-Sep-2022 and a 52 week low of Rs. 451.10 on 30-Jan-2023. Last one week high an...
Star Health climbs on reporting 13% rise in gross direct premium for YTD March 2023
Star Health (Star) hosted its Analyst Day in Chennai, where the company demonstrated its strength across the functions and product life cycle stages of the health insurance business. Star has developed formidable expertise in product design, pricing, underwriting, distribution, and claims processing, given its 15 years of approach towards the health insurance business, particularly retail health. This expertise across the health insurance business functions gives management the confidence to ...
Buy Star Health and Allied Insurance Ltd For Target Rs.670 - Emkay Global Financial Services
STARHEAL held an Analyst Day to provide deep insights into its tech based underwriting, claims settlement processes and overall business outlook * While individual agents (82% share) will continue to be the bedrock for STARHEAL, distribution channels such as banca (5%) and digital (9%) will grow at a relatively faster pace with cumulative share likely to rise to 20% in 3-5 years. * The recently announced Expense of Management (EOM) regulation will have positive outcomes for STARHEAL as ...
Buy Star Health and Allied Insurance Ltd For Target Rs.700 - Motilal Oswal
Star Health and Allied Insurance Company is currently trading at Rs. 536.25, up by 5.35 points or 1.01% from its previous closing of Rs. 530.90 on the BSE. The scrip opened at Rs. 528.05 and has touched a high and low of Rs. 539.70 and Rs. 528.05 respectively. So far 8810 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 798.00 on 11-Feb-2022 and a 52 week low of Rs. 451.10 on 30-Jan-2023. Last one week high and ...
Star Health gains on reporting 13% rise in gross direct premium for YTD January 2023SS
Star Health and Allied Insurance Company is currently trading at Rs. 601.75, up by 0.60 points or 0.10% from its previous closing of Rs. 601.15 on the BSE. The scrip opened at Rs. 607.30 and has touched a high and low of Rs. 607.30 and Rs. 598.05 respectively. So far 6820 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 924.85 on 13-Dec-2021 and a 52 week low of Rs. 469.05 on 01-Jul-2022. Last one week high and ...
Star Health and Allied Insurance rises on reporting 12% rise in gross direct premium for YTD November 2022
FY23 guidance reaffirmed Star Health’s Management reiterated its FY23 guidance of ~63-65% claims-ratio and of ~93-95% combined-ratio (CoR), despite the slightly weak H1FY23 performance on account of higher incidences of vector-borne diseases and persistently-high medical inflation. Pricing action, reducing claimfrequency trends (Oct-22 indicative claims-ratio at ~63%) and continued efficient claims management give Management confidence about overall improvement in the H2FY22 claims-r...
Buy Star Health and Allied Insurance Ltd For Target Rs.860 - Emkay Global Financial Services
Higher claims ratio dents performance * STARHEAL reported a PAT of INR931m in 2QFY23 vs INR2.1b in 1QFY23. This was 17% below our estimates. While net earned premium was broadly inline with expectations, higher-than-expected loss ratio and lower-thanexpected investment income led to the disappointment in profit. * The management has maintained its guidance of 63-65% loss ratio and 93-95% combined ratio for FY23. The confidence in the guidance stems from 1) Loss ratio for Oct’22 st...
Buy Star Health and Allied Insurance Ltd For Target Rs.810 - Motilal Oswal
Star Health and Allied Insurance Company is currently trading at Rs. 730.60, up by 10.30 points or 1.43% from its previous closing of Rs. 720.30 on the BSE. The scrip opened at Rs. 721.05 and has touched a high and low of Rs. 741.55 and Rs. 721.05 respectively. So far 32509 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 940.00 on 10-Dec-2021 and a 52 week low of Rs. 469.05 on 01-Jul-2022. Last one week high an...
Star Health and Allied Insurance surges on reporting 11.54% rise in gross direct premium for YTD September 2022
* The stock after a sharp rally from the oversold territory is showing signs of the next up move. * The stock on the lower time frame has given a fresh breakout with volumes. * The stock has surpassed its previous 10days high on the daily chart confirming the breakout. * The momentum oscillator RSI is on the verge of falling trend line breakout and entering the zone of 60 which confirms the internal strength of the stock Buy Star Health and Allied Insurance Ltd @&nb...
LKP Spade : A Weekly Pick - Buy Star Health and Allied Insurance Ltd For Target Rs.805 By LKP Securities
Leadership in retail health continues, Outlook steady About the stock: Star Health is the largest standalone insurer engaged in health insurance segment with relatively superior market share, operating performance. * Star Health is a market leader in the retail health insurance segment with ~31.6% market share, as of June 2022 * Star Health has 807 branches and 13000+ network hospitals, with a presence in 25 states and five union territories Q1FY23 Results: Lower claims aids profi...
Buy Star Health and Allied Insurance Ltd For Target Rs.860 - ICICI Direct
Brightest STAR in health insurance sky… About the stock: Star Health is the largest standalone insurer engaged in health insurance segment with relatively superior market share, operating performance. Star Health is a market leader in the retail health insurance segment with 32%+ market share, as of December 2021 and 29.8% market share in the number of persons covered (as of FY21) Star Health has 768 branches and 12000+ network hospitals, with a presence in 25 states and five ...
Buy Star Health and Allied Insurance Ltd For Target Rs.800 - ICICI Direct
A premium franchise! Star Health, the market leader in the Indian Health Insurance industry, with retail market share of 31%, is poised to grow at a relatively faster pace vis-à-vis the overall Health Insurance industry. Indian health insurance is grossly underpenetrated – the penetration (premium as % of GDP) and density (premium per person) stand at 0.4% and USD5, respectively. Relatively, China / the US has penetration of 0.7%/4.1% and density of USD66/USD2,679. Only ...
Buy Star Health and Allied Insurance Ltd For Target Rs.750 - Motilal Oswal
Stars are aligned to growth in Indian health insurance Star Health Insurance (STAR) is the leading health insurance player in India with 14%/32% market share in total/retail health insurance segment as of 10MFY22. A strong network of 0.53mn agents, >12,000 hospitals and 737 branches as of 9MFY22 makes STAR a dominant franchise in Indian health insurance with significant entry barriers. This is further complemented by healthy financials (18% PAT CAGR over FY16-FY20 and average RoE of 15....
Buy Star Health and Allied Insurance Ltd For Target Rs.806 - ICICI Securities
‘A Pole Star’ We initiate coverage on STARHEALTH with a Buy rating and a Mar’23 TP of Rs1,135 (+25% upside). Our TP implies a valuation multiple of 47x FY25E EPS and a FY25 P/GWP of 2.9x. Our high-conviction Buy on Star Health is underpinned by three factors: 1) health insurance industry is still in its infancy - we expect heady growth rates of ~20% in the next decade; 2) Star Health’s dominant market share (>3x nearest competitor) in the sticky retail sector off...
Buy STAR Health Ltd For Target Rs.1,135 - Emkay Global
By Shivani Singh BENGALURU -India's Star Health and Allied Insurance Co, backed by billionaire stock investor Rakesh Jhunjhunwala, see-sawed in a weak debut on Friday, after failing to attract investor interest in a blockbuster year for domestic listings. Shares of the country's largest private health insurer were down 6% in pre-open trade before reversing course to gain 4.4%. At 0635 GMT, shares were trading flat at 901.40 rupees. At the day's high of 940 rupees, th...
India's Star Health trades flat in debut after tepid IPO
Below are views on Star Health Insurance IPO Post listing by Mr. Parth Nyati, Founder, Tradingo Star Health insurance is debuting the secondary market on a weaker note as expected on the back of a very poor response from the investors. Expensive valuations and dent in profitability due to Covid19 were key concerns for the investors however the long-term outlook for the company is bullish thanks to the strong brand name and low penetration of health insurance in India....
View on Star Health Insurance IPO Post listing By Mr. Parth Nyati, Tradingo
Below is quote on Star Health and Allied Insurance Company is down ~2% on listing day By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd On the listing day, Star Health and Allied Insurance Company stock is down ~2% mainly due to fear of new Covid variant omicron (further impact of the Covid-19 pandemic could increase claim). However, Company has strong growth rates (~32% Gross Written Premium CAGR over FY18-21) and better operational performance which is ...
Quote on Star Health and Allied Insurance Company is down ~2% on listing day By Mr. Amarjeet Maurya, Angel One Ltd
Salient features of the IPO: * Backed by Rakesh Jhunjhunwala and India’s first pure-play health insurance company, Star Health and Allied Insurance Company Ltd. (Star Health), is coming up with an IPO to raise Rs. 7,250cr, which opens on 30th Nov. and closes on 2nd Dec. 2021. The price band is Rs. 870 - 900 per share. * The issue is a combination of fresh and OFS. The company will not receive any proceeds from the OFS part of the issue. Net proceeds from the fresh issue will be us...
IPO Note - Star Health and Allied Insurance Company Ltd By Choice Broking
Below is quote on Star Health and Allied Insurance Company Ltd IPO By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd Incorporated in 2006, Star Health and Allied Insurance Company Ltd (Star Health) is one of the largest private health insurers in India with a market share of 15.8% in Fiscal 2021. The company primarily focuses on the retail health market segment. It offers a range of flexible and comprehensive coverage options for retail health, group heal...
Quote on Star Health and Allied Insurance Company Ltd - IPO By Mr. Amarjeet Maurya, Angel One Ltd
Star Health and Allied Insurance Company Ltd About the Company Incorporated in 2006, Star Health and Allied Insurance Company (Star Health) has grown into the largest standalone health insurance company in India with a market share of 15.8%. Its comprehensive health insurance product suite insured 20.5 million lives in FY21 in retail health and group health, which accounted for 89.3% and 10.7%, respectively, of its total health gross written premium (GWP). It distributes its health insu...
IPO Note - Star Health and Allied Insurance Company Ltd By Religare Broking Ltd
Key News Star Health looking to raise Rs 7k cr via IPO Indian health insurance provider Star Health and Allied Insurance Co is aiming for a valuation of about $7 billion in its initial public offering, a banking source told Reuters on Wednesday. It is looking to raise Rs 7,249 crore ($974.23 million) and has set a price band between Rs 870 and Rs 900 per share, according to a document from a bookrunner. The offer will open for subscription on Nov. 30 and comes as several firms, includin...
Key News - Star Health and Allied Insurance Company Ltd, SpiceJet Ltd, Indian Overseas Bank Ltd, Reliance Industries Ltd, Star Union Dai-ichi By ARETE Securities
Below is quote on Star Health and Allied Insurance Company Ltd IPO By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd * Star Health and Allied Insurance Company Ltd (Star Health) IPO expected to open on 30th November 2021 and close on 2nd December 2021. The IPO consist fresh issue of Rs2,000cr and an offer for sale of 5.83 crores shares. * The IPO aims to utilize the net proceeds to augment the company's capi...
Quote on Star Health and Allied Insurance Company Ltd IPO By Mr. Amarjeet Maurya, Angel One Ltd
Compelling business model in a beckoning industry * Star Health and Allied Insurance (STAR), incorporated in 2006, is the largest private health insurer in India with market share of 15.8% and gross written premium (GWP) of INR93.5b in FY21. * In FY21, the retail health GWP for STAR was over 3x the retail health GWP of the next highest retail health insurance market participant. It has market share of 31% in the Retail Health segment. * During FY18–21, STAR outperformed the ind...
Update On Star Health Buy Motilal Oswal
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