PB Fintech reported a strong FY26, with consolidated operating revenue growing 37% for the full year and 42% year-on-year to ₹29,934 Cr in insurance premiums. The company achieved a PAT of ₹670 Cr, marking a significant turnaround from previous years. Growth was largely driven by a 57% increase in new protection premiums, with the health insurance segment, in particular, outperforming overall market trends.
Financial Performance Highlights
PB Fintech has delivered robust financial results for Q4 and the full year FY26. The consolidated operating revenue grew by 37% annually, with the quarterly operating revenue reaching approximately ₹2,000 Cr. The company’s core insurance premium business saw a 42% growth, reaching ₹29,934 Cr, led by a strong 57% year-on-year growth in new protection premiums.
Strategic Growth Drivers
The company attributed this growth to superior product propositions and a focus on customer segmentation. Health insurance remains a dominant growth engine, with a 68% increase in the quarter. Furthermore, renewal revenues have emerged as a significant contributor to long-term profitability, with 12-month rolling renewals climbing from ₹668 Cr to ₹935 Cr. The company also reported an Annualized Run Rate (ARR) for renewal revenue at ₹1,126 Cr, representing a 63% year-on-year growth.
Operational Excellence and Digital Initiatives
PB Fintech continues to leverage artificial intelligence to improve productivity across sales and customer service teams, with insurance CSAT scores consistently above 90%. Paisabazaar has also shown a positive turnaround, reaching EBITDA-positive status for the quarter. The company emphasized its focus on phygital expansion, with a presence in over 250 cities, and is actively developing its PB Care+ network, which now comprises 500+ preferred hospitals.
Future Outlook
Looking ahead, the company maintains its focus on growth and customer excellence. PB Fintech intends to continue expanding its reach in smaller cities through the POSP model, which has seen 83% of total premium now coming from smaller agents. While the company is exploring new opportunities in sectors like savings, mutual funds, and bonds to drive long-term engagement, its immediate priority remains high-quality growth and maintaining its leadership in the insurance distribution market.
Source: BSE
