PB Fintech (Policybazaar) announced a strong 45% YoY growth in insurance premium, reaching ₹7,965 Cr in Q3 FY26. This growth was propelled by a 68% YoY increase in new protection premiums. The company’s PAT also saw substantial growth, jumping 165% YoY to ₹189 Cr. The UAE business is now consistently profitable.
Q3 FY26 Performance Highlights
PB Fintech showcased substantial growth across its key metrics in Q3 FY26:
- Insurance Premium: Reached ₹7,965 Cr, reflecting a 45% YoY increase.
- New Protection Premium: Grew by 68% YoY, driven by health and term insurance products.
- Lending Disbursal: Increased by 84% YoY to ₹9,986 Cr.
- Operating Revenue: Increased by 37% YoY to ₹1,771 Cr.
- Adjusted EBITDA: Climbed by 154% YoY to ₹199 Cr, with margins improving from 6% to 11%.
- PAT: Rose by 165% YoY to ₹189 Cr.
Key Growth Drivers
The company attributed its success to the following factors:
- Expansion in core online new protection business, with new health insurance up 79% YoY.
- Acceleration in core new insurance premium growth to 56% YoY.
- Consistent improvement in customer onboarding and claims support services, maintaining a Customer Satisfaction Score (CSAT) above 90%.
- Strengthening of the PB Partners agent aggregator platform.
Strategic Initiatives
PB Fintech continues to focus on strategic initiatives:
- PB Partners: Agent aggregator platform, showing accelerated growth.
- UAE Insurance: Premiums grew 62% YoY, aligning towards health and life insurance, with consistent profitability for four consecutive quarters.
Long-Term Performance
Since its public listing in November 2021, PB Fintech has achieved:
- Revenue CAGR: Grew at 48% from ₹367 Cr in Q3 FY22 to ₹1,771 Cr in Q3 FY26.
- PAT Margin: Improved from -81% in Q3 FY22 to 11% in Q3 FY26.
Source: BSE
