PB FinTech , the parent company of Policybazaar and Paisabazaar, has reported strong financial results for the first quarter of fiscal year 2026, demonstrating significant growth in revenue and profitability.

Financial Highlights

• Total revenue grew by 33% year-over-year to ₹1,348.00 crore in Q1 FY26
• Profit After Tax (PAT) surged by 347% to ₹85.00 crore, compared to ₹19.00 crore in Q1 FY25
• PAT margin improved to 6%, up from 2% in the same quarter last year
• Core online insurance revenue increased by 37% to ₹732.00 crore
• Insurance premium grew by 36% year-over-year to ₹6,616.00 crore

Operational Performance

The company's core insurance business showed strong growth, with online new health insurance premiums rising by 65% year-over-year. PB Fintech's renewal and trail revenue on a 12-month rolling basis reached ₹725.00 crore, marking a 43% growth compared to the same period last year.

New Initiatives and Market Expansion

PB Fintech continues to strengthen its leadership in new initiatives, with revenue growth of about 50% year-over-year. The company's UAE insurance premium grew by 68% year-over-year, aligning more towards health and life insurance products.

Customer Satisfaction and Service

The company maintained a high Customer Satisfaction Score (CSAT) of over 90% for its insurance business. PB Fintech's PB Partners platform, which enables independent sellers of insurance and other financial products, now covers 99% of pin codes in India, with Tier 2 and Tier 3 cities contributing 77% of the business.

Strategic Investments

During the quarter, PB Fintech invested ₹539.40 crore in PB Healthcare Services Private Limited, diluting its stake to 40.32%. As a result, PB Healthcare Services is now classified as an associate company rather than a subsidiary.

Regulatory Developments

PB Pay Private Limited, a wholly-owned subsidiary of PB Fintech, received in-principle authorization from the Reserve Bank of India to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007.

Yashish Dahiya, Chairman and Chief Executive Officer of PB Fintech, commented on the results, stating, "Our focus on protection products and digital innovation continues to drive our growth. The strong performance in Q1 FY26 reflects the increasing trust consumers place in our platforms and the value we bring to the insurance and financial services ecosystem."

As PB Fintech continues to expand its reach and diversify its offerings, the company remains well-positioned to capitalize on the growing demand for digital financial services in India and beyond.

PB FinTech , operating Policybazaar, India's leading online insurance marketplace, has reported robust financial results for the first quarter, showcasing significant 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

Policybazaar's insurance business demonstrated strong growth, particularly in the protection segment:

• Core Online Insurance Premium grew by 35% YoY
• New Protection (Health & Term insurance) Premium increased by 46% YoY
• Online new health insurance saw a remarkable 65% YoY growth

Key Operational Metrics

• Renewal revenue on a 12-month rolling basis reached ₹725.00 crore, up 43% YoY
• Insurance CSAT (Customer Satisfaction Score) remained consistent at over 90%
• PB Partners, the company's agent aggregator platform, now has over 350,000 advisors

Credit Business and New Initiatives

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

• Core Credit revenue declined by 22% YoY
• Credit disbursal for the core online business was ₹2,095.00 crore

However, the company's new initiatives showed promise:

• New Initiatives revenue grew by about 50% YoY
• Adjusted EBITDA margin for New Initiatives improved from -12% to -6%

International Operations

Policybazaar's UAE operations continued to gain traction:

• UAE Insurance premium grew 68% YoY
• The business is now consistently profitable for two consecutive quarters
• Focus on health and life insurance, similar to the India business

Management Commentary

Commenting on the results, the company stated, "Our Total Insurance Premium for the quarter was ₹6,616.00 Cr, up 36% YoY, led by growth in online new health insurance at 65%. We continue to improve our customer onboarding & claims support services, reflected in our consistent Insurance CSAT of 90%+."

Long-term Performance

Since its public listing in November 2021, Policybazaar has shown remarkable growth:

• Revenue CAGR of 54% from Q1 FY22 to Q1 FY26
• PAT margin improved from -47% in Q1 FY22 to 6% in Q1 FY26

The company's focus on protection products, particularly health and term insurance, along with its expanding digital capabilities and customer-centric approach, appears to be driving its strong financial performance. As Policybazaar continues to innovate and expand its reach, it remains well-positioned in India's growing insurtech sector.