2/5/2025, 2:51:03 pm

Buy Star Health Insurance; target of Rs 475: YES Securities

Star Health Insurance's claims ratio rose to 69.2% in FY25, driven by increased hospitalizations and surgeries. Pricing corrections were implemented across retail and banca portfolios. The company is focusing on profitable market segments, with regulatory changes anticipated. The expense ratio improved to 29.9%. Maintaining BUY rating, the target price is set at Rs 475, reflecting a 35% EPS CAGR.