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.

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.