 "Star Health Insurance Q1 results: Profit falls 18% to ₹263 crore")
Star Health and Allied Insurance on Tuesday reported an 18 per cent decline in net profit to ₹263 crore during the June quarter.
The standalone health insurer posted a net profit of ₹319 crore during the April-June period of 2024-25.
The company's total income during the June quarter rose to ₹4,116 crore against₹ 3,692 crore in the year-ago period, Star Health said in a regulatory filing.
Gross written premium increased to₹ 3,605 crore during the quarter under review compared to ₹3,476 crore in the same period a year ago.
Last week, Insurance Regulatory and Development Authority of India imposed a penalty of ₹3.39 crore and issued a warning to Star Health and Allied Insurance Company for violations under Irdai Information & Cyber Security Guidelines, 2023.
The standalone insurer was in the spotlight last year after it came under a cyberattack in which personal data of customers got breached.
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