Highlights of Star Health Q1 FY25 Earnings Call
Claims ratio 67.6% vs 65.4% QOQ (Increased, Management said this is due to more fever-related cases)
PAT up by 11% QOQ
Gross Written Premium (GWP) up by 18% QOQ , up by 18% YOY
7% of GWP contributed by Digital
Management Aims to Double GWP to 30000 cr (18.4% CAGR) and Triple PAT to 2500cr (31.15% CAGR)by FY 28
Fresh: Renewal Count is 25:75 vs 23:77
Investment Income is up by 18% QOQ
Average sum insured Up by 8%
Cashless Claims 74% vs 61% QOQ
There are spends on wellness, telemedicine, OPD in hope to make the customers heathy and decrease hospitalization in the long term
Plan to Increase premium in 2 to 3 products which contribute 30+% in the GWP by 10 to 15%, effectively benefit 4 to 4.5% in PAT
Management said they are careful in increasing the port in’s as they have no waiting period so they can dilute the profits
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