ICICI Securities Limited
Star Health (Star) has reported PAT of INR 2.9bn in Q1FY24 with claim/combined ratio to 65.4/97.8% YoY, respectively. The guidance of the company remains at 20% total premium growth (retail premium may grow by ~15-16%), 63-65% of loss ratio and 93-95% of combined ratio in the near term.
Star Health and Allied Insurance Company Ltd. is trading above its 200 day SMA of 432.0
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