PB Fintech reported a 45% YoY increase in insurance premium for Q3 FY26, reaching ₹7,965 Cr, driven by new protection premiums which grew by 68% YoY. Profit after tax (PAT) increased by 165% YoY to ₹189 Cr. The company’s core online disbursal grew by 8% QoQ. Adjusted EBITDA margin improved from 6% to 11%. The UAE insurance business is now profitable for four consecutive quarters.
Key Financial Highlights
In Q3 FY26, PB Fintech demonstrated strong financial performance:
- Insurance Premium: ₹7,965 Cr, up 45% YoY.
- New Protection Premium (Health + Term Insurance): Up 68% YoY.
- Lending Disbursal: ₹9,986 Cr, up 84% YoY.
- Operating Revenue: ₹1,771 Cr, up 37% YoY.
- Adjusted EBITDA: Grew 154% YoY to ₹199 Cr.
- PAT: ₹189 Cr, up 165% YoY.
Segment Performance
The company experienced significant growth across various segments:
- Core Online Insurance Premium increased by 44% YoY.
- The UAE Insurance premium grew by 62% YoY.
Strategic Initiatives
PB Fintech continues to focus on strategic initiatives:
- New initiatives revenue growth of 41% YoY.
- PB Partners agent aggregator platform showed significant growth momentum, with over 400k advisors.
Operational Metrics
- Core New Insurance Premium, excluding savings, accelerated growth at 56% YoY.
Improved Efficiency
Customer onboarding and claims support services are improving, with Customer Satisfaction (CSAT) scores consistently above 90%.
Historical Growth
Since the company’s public listing in November 2021:
- Revenue has grown at a Compound Annual Growth Rate (CAGR) of 48% from ₹367 Cr in Q3 FY22 to ₹1,771 Cr in Q3 FY26.
- PAT margin grew from -81% in Q3 FY22 to 11% in Q3 FY26.
Source: BSE
