Key Financial Performance (H1 FY27 vs H1 FY26)

Profitability Metrics

  • Profit After Tax (PAT): ₹815 Cr, up 57% from ₹518 Cr in H1 FY26.
  • Underwriting Result: ₹210 Cr, a significant improvement from an underwriting loss of ₹24 Cr in H1 FY26.
  • Profit Before Tax (PBT): ₹1,093 Cr, up 56% from ₹700 Cr.
  • Normalised PAT: ₹775 Cr, up 56% from ₹496 Cr.
  • Normalised ROE (Annualised): 15.1%, up from 11.2%.
  • Return On Equity (ROE; Annualised): 16.3%, up from 11.6%.

Premiums & Revenue

  • Gross Written Premium (GWP) (Reported; 1/N Basis): ₹9,562 Cr, up 19% YoY.
  • Retail Fresh GWP (Reported; 1/N basis): ₹1,630 Cr, up 36% YoY.
  • Insurance Revenue: ₹9,930 Cr, up 15% from ₹8,641 Cr.

Ratios & Efficiency

  • Combined Insurance Service Ratio (CISR): 97.9%, improved from 100.3%.
  • Loss Ratio: 68.6%, improved from 70.8%.
  • Expense Ratio: 29.2%, slightly improved from 29.5%.
  • Persistency (Premium-basis): 102%, improved from 98%.
  • Company NPS: 65, up from 61.

Investment Performance

  • Investment Income: ₹911 Cr, up 21% from ₹752 Cr.
  • Investment Yield (Annualised): 8.5%, up from 8.3%.

Shareholder Net Worth

  • As of September 30, 2026: ₹10,436 Cr, up from ₹9,191 Cr on September 30, 2025.
  • As of March 31, 2026: ₹9,578 Cr.
  • As of March 31, 2025: ₹8,667 Cr.

Key Financial Performance (Q2 FY27 vs Q2 FY26)

  • Profit After Tax (PAT): ₹265 Cr, up 233% from ₹80 Cr.
  • Underwriting Result: ₹99 Cr, a significant improvement from an underwriting loss of ₹40 Cr.
  • Insurance Revenue: ₹5,074 Cr, up 15% from ₹4,396 Cr.
  • Combined Insurance Service Ratio (CISR): 98.0%, improved from 100.9%.
  • Investment Income: ₹268 Cr, up 62% from ₹165 Cr.

Business Landscape & Strategic Updates

  • Distribution: Over 90% of Overall GWP emerges from Proprietary Channels (Agency and Digital D2C). The company highlights its largest agency-led health distribution network and a fast-growing Digital D2C channel.
  • Technology: The Distribution App (ATOM Pro) is used by 50%+ active agents. The app provides hyper-personalized quotes, intelligent recommendations, and geo-spatial capabilities. 97% of fresh policies are sourced digitally.
  • Claims: Reimbursement claims submission via the app is over 12,000 per month.

Capabilities & Other Updates

  • ESG (Environment): Total H1 FY2026-27 emissions were 2,619 tCO₂e. Electricity consumption contributed 82% of emissions. Scope 1 emissions were less than 1%, and Scope 3 emissions were 463 tCO₂e (18%).
  • ESG (Social): Employees contributed 600+ volunteering hours in September 2026. Health camps in Tamil Nadu benefited over 200 people. Operational clinics (Arogya Seva Kendra) recorded 1.38L+ visits and 3,546 medical tests.
  • ESG (Governance): BRSR Reasonable Assurance for Core parameters was undertaken. ESG governance was strengthened through enhanced oversight.
  • Financing: Closed sub-debt of ₹400 Crores; a balance of ₹70 Crores is to be done by November 2026.