PB Fintech reported a 45% YoY growth in total premium for Q3 FY26, driven by a 68% YoY increase in new protection premium. PAT surged by 165% YoY to ₹189 Cr. The company emphasized its commitment to customer support and disclosure, aiming to be a leader in insurance distribution. Management highlighted strategic plans for international expansion and leveraging technology to enhance customer experience and operational efficiency.
Financial Performance Overview
PB Fintech showcased robust financial results for Q3 FY26, with total premium growing by 45% YoY. New protection premium led the growth, increasing by 68% YoY, while health premium specifically grew by 79% YoY. From a scale perspective, the insurance premium reached almost ₹8,000 Cr (₹7,965 Cr), marking a substantial increase.
The company’s operating revenue reached ₹1,771 Cr, representing a 37% YoY growth. Core insurance grew by 42%, while new initiatives grew by 41% YoY. Adjusted EBITDA saw a significant rise of 154% YoY to ₹199 Cr, improving the margin from 6% to 11%. PAT increased by 165%, from ₹71 Cr to ₹189 Cr.
Core renewal trail revenue on a 12-month rolling basis reached ₹841 Cr, with insurance renewal revenue at an ARR of ₹863 Cr, up from ₹538 Cr in the same quarter last year, reflecting an increase of ₹325 Cr over the year.
Strategic Highlights and Future Plans
Management emphasized the importance of assisting customers at the point of claims, driven by comprehensive disclosure. The company is focusing on building trust and retaining the right to settle claims through transparent practices.
PB Fintech is actively exploring international expansion opportunities, focusing on markets where it can transform the insurance landscape and leverage its expertise. The company aims to diversify its operations both in India and internationally, seeking value investments that can be strengthened through its capabilities.
Technological and Operational Enhancements
The company has improved customer onboarding and claim support services, maintaining an insurance CSAT consistently above 90%. PB Fintech leverages state-of-the-art models, including GenAl and ML, to enhance risk capture and ensure proper disclosure, enabling appropriate risk pricing and claims processing.
Focus on Customer Value
PB Fintech is committed to maximizing customer value and providing unbeatable propositions. The company aims to increase the number of people it covers and serves through innovative solutions and a customer-centric approach. The move to the EoM model, which emphasizes efficiency and customer benefits, underscores this commitment. PB Fintech highlighted that the success of new insurance companies rely on quality disclosure and comprehensive customer support.
Update on PB Health
PB Health aims to integrate technology to offer a better experience for both consumers and medical professionals. The key focus remains on preventive care and chronic disease management, aiming to keep people out of hospitals. PB Health is developing a network of hospitals and self-owned capacities, with four properties currently under development.
Source: BSE
