PB FinTech , the parent company of Policybazaar, India's leading online insurance marketplace, has reported strong financial results for the first quarter, demonstrating robust growth across key metrics.

Financial Highlights

• Total revenue grew by 33% year-over-year to ₹1,348.00 crore
• Profit After Tax (PAT) surged by 347% to ₹85.00 crore, representing a 6% margin
• Core online insurance revenue increased by 37% to ₹732.00 crore
• Total insurance premium rose by 36% to ₹6,616.00 crore

Insurance Business Performance

Policybazaar's core insurance business showed significant growth:

• Protection (Health & Term Insurance) new premium grew by 46% year-over-year
• Core online insurance premium increased by 35%
• Renewal revenue on a 12-month rolling basis reached ₹725.00 crore, up 43% from the previous year

Customer Satisfaction and Service

The company continues to focus on improving customer experience:

• Insurance Customer Satisfaction (CSAT) score remained consistent at over 90%
• Enhanced customer onboarding and claims support services

New Initiatives and Expansion

PB FinTech is strengthening its position in various segments:

• PB Partners, the company's agent aggregator platform, now has over 350,000 advisors
• Expanded presence to 19,000 pin codes across India, covering 99% of the country
• UAE insurance premium grew by 68% year-over-year, with a focus on health and life insurance

Credit Business

While the core insurance business thrived, the credit segment faced some challenges:

• Credit revenue for the quarter stood at ₹102.00 crore
• Core lending disbursal declined by 33% year-over-year

Long-term Performance

PB FinTech's growth since its public listing in November 2021 has been impressive:

Yashish Dahiya, Chairman and CEO of PB FinTech, commented on the results: "Our focus on protection products and customer-centric approach continues to drive our growth. The strong performance in our core insurance business, particularly in health and term insurance, reflects the increasing awareness and need for financial protection among Indian consumers."

As PB FinTech continues to expand its reach and improve its services, the company remains well-positioned to capitalize on the growing insurance market in India. The significant improvement in profitability also demonstrates the company's ability to scale efficiently while maintaining a strong focus on customer satisfaction.

PB FinTech , the parent company of Policybazaar and Paisabazaar, has reported strong financial results for the first quarter of fiscal year 2026 (Q1 FY26), demonstrating robust growth across key metrics.

Financial Highlights

• Total revenue grew by 33% year-over-year (YoY) to ₹1,348.00 crore
• Profit After Tax (PAT) surged by 347% YoY to ₹85.00 crore, improving from 2% to 6% margin
• Core online insurance revenue increased by 37% YoY to ₹732.00 crore
• Total insurance premium rose by 36% YoY to ₹6,616.00 crore

Insurance Business Performance

The company's insurance business showed strong momentum:

• Core online insurance premium grew by 35% YoY
• New protection (Health + Term insurance) premium increased by 46% YoY
• Online new health insurance saw a significant 65% YoY growth

Policybazaar's customer satisfaction (CSAT) remained consistently high at over 90%, reflecting the company's commitment to service quality.

Credit Business and New Initiatives

While the core credit business faced some headwinds with a 22% YoY decline in revenue, PB Fintech reported progress in other areas:

• Credit revenue for Q1 FY26 stood at ₹102.00 crore
• Loan disbursals reached ₹2,095.00 crore for the core online business
• New initiatives, including PB Partners and UAE operations, showed promising growth

PB Partners and Expansion

PB Partners, the company's agent aggregator platform, continued to lead the market with over 350,000 advisors. The platform has expanded its reach to 19,000 pin codes across India, covering 99% of the country's pin codes.

UAE Operations

The company's UAE insurance premium grew by 68% YoY, aligning more towards health and life insurance. PB Fintech introduced unique value propositions such as cross-border health insurance products and a claims assurance program for motor insurance in the UAE market.

Long-term Performance

Since its public listing in November 2021, PB Fintech has shown consistent growth:

• Revenue CAGR of 54% from ₹238.00 crore in Q1 FY22 to ₹1,348.00 crore in Q1 FY26
• PAT margin improved from -47% in Q1 FY22 to 6% in Q1 FY26

Outlook

With its strong performance in Q1 FY26, PB Fintech appears well-positioned for continued growth. The company's focus on expanding its insurance and credit businesses, coupled with its technological innovations and customer-centric approach, is likely to drive further success in the coming quarters.

As PB Fintech continues to strengthen its market leadership and improve operational efficiency, investors and industry observers will be watching closely to see if the company can maintain its growth trajectory and profitability in the competitive fintech landscape.